- How to gauge market sentiment based on the current fundamental factors in play. (Bank reports, CNBC, Market Headlines)
- Find other traders orders in the Forex market (reverse-engineering the price chart, commentary from interbank traders, open order books online)
- Exploit their orders to use as entries, exits, and our own stop-placement. (good risk/reward ratios, lower risk by not trading during times of wide spreads)
Let's keep this thread interactive. I need at least a few traders that are dedicated to trading this method. Please feel free to post charts & analysis along with discussing the trade based on those 3 points above. I can be reached in this thread or email: Ryan (at) OrderFlowTrading.com
Note that this is not a mechanical system or signal service, we're going to hone each one of our traders in a way that you will be able to transfer this knowledge of exploiting other's orders to other markets (futures, indices, commodities, ect).
I'm a contributor on Order Flow News: http://www.orderflowtrading.com/OrderFlowNews.aspx which is my prefered source of forex market information.
I started a small acct with Oanda to track progress of OFT with a retail broker using this info in a Trade Explorer