I finally gave in and deposited additional funds into my OANDA account, they sent me this order flow indicator which shows the relative volume of shorts and longs in their global client database - the conventional knowledge is that we, the retail traders, will be on the wrong side of the trade. Unless the data is not representative of wider forex community or fake, it looks like most of our herd is long this pair.... I believe the noted orders either side represent large tranches of pending orders, most likely indicating why these areas provide support or resistance.
I will check it out and see if it truly adds anything to the trading experience.
I will check it out and see if it truly adds anything to the trading experience.
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