DislikedUpdate on Gold - Long: {image} Gold stopped out with a nasty 350 pips loss...OUCH! I played this one wrong. I didn't let a signal appear, and if I had this loss would not have occurred.Ignored
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DislikedUpdate on Gold - Long: {image} Gold stopped out with a nasty 350 pips loss...OUCH! I played this one wrong. I didn't let a signal appear, and if I had this loss would not have occurred.Ignored
Disliked{quote} Why did you feel this was an invalid entry in your eyes? It was an obvious level that buyers came in. I would have preferred entry from the areas I marked out as 1,2,3. But according to what you've shown so far it looks like your entry is keeping in line with your method. Price balances, breaks, retraces then entry. {image}Ignored
Disliked{quote} Why did you feel this was an invalid entry in your eyes? It was an obvious level that buyers came in. I would have preferred entry from the areas I marked out as 1,2,3. But according to what you've shown so far it looks like your entry is keeping in line with your method. Price balances, breaks, retraces then entry.Ignored
DislikedSomething to chew on...GBP/USD short pending: {image} Weekly chart (on left) shows price has returned to an area where sellers took dominance, and while buyers did push price into the area this is the second attempt to push through and it appears to be falling short...(no pun intended). The 12 hr chart (in the middle) is showing price now at the bottom of a balance area, after a close that has completely canceled out the last push higher. The intraday chart (on right) shows price has stalled at the bottom of this intraday range and may fake downward...Ignored
DislikedYou and I draw the zones just slightly differently, but they actually end up in pretty much the same place...again I believe the premise is what causes the area where we look for changes...supply/demand or changes in order flow, not necessarily semantics. {image} Each of the boxes draw on this chart represent areas where the buying volume clearly overwhelmed that of selling. Also note how in each of these areas price stalled and "balanced" a bit before moving on. If you had looked at those areas on a smaller time frame, it would look like a reversal...Ignored
DislikedI've been back and forth between using a single time frame and multiple over the years. Over this last year it became clear that any time frame really isn't..."enough" as price is outside of time. I've thought through how to look at price outside of time, as a time frame is relative but price isn't but haven't really found a unique way of viewing the market this way. It seems multiple time frames help with this somewhat, but we're still looking at a confined picture of price. But I guess there's no way outside of that other than just watching a...Ignored
DislikedHi Don Pato, well done, nice method of trading, i do like to ask if you use a method to measure or know which currency is strongest or weakest...or you do not use such methods. i feel such will enhance this method. Thank you.Ignored
Disliked{quote} Hello Carbonado...The concept of "strength" or "weakness" to me is irrelevant, when trading the order flow. Those two terms become painfully obvious when price moves one direction or the other. These terms are used mostly by economists when trying to "label" or compare one country's economy to another. So what in effect you are trying to do with this concept is determine "why" a certain currency may be moving a certain direction... First of all, in this business, we will never know "why" a trader or a group of traders places their orders...Ignored
Disliked{quote} This concept is something we all struggle with. In my opinion (such as its worth), multiple time frames is the only way to truly view how the market is expressing itself. It is difficult to keep in mind that the market itself is just a machine. A computer (or farm of computers) matching orders with each other...buys and sells. Thus it is really people or participants that "create" the market. As such, not everyone agrees on the concept of "when", which, is of course what we are MOST concerned about when wondering..."when should I enter?"..."when...Ignored
Disliked{quote} Don, Perfect concept to capture the fractal-ness of the market. I've played guitar for about 15 years so can relate will with a music analogy. You can almost see "charts" and different time frames in that video, the same progression within itself.Ignored
Disliked{quote} I'm so glad you understand that concept...many who do not have any kind of musical background look at me with a kind of "puppy-dog" look with their head cocked to one side...trying to understand but not comprehending. I hope this answers the question of which time frame you should watch...all of them. I spread my time frames out by a factor of 10 (or as close as I can come to it). That why the weekly chart is my base. 7200 min. divided by 10 is 720 min (12 hrs)...again divided by 10 is 72 min but I use the hourly instead. Since I'm using...Ignored