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Trading Institutional Order Flow

  • #4,901
  • Oct 18, 2017 12:19am Oct 18, 2017 12:19am
Hi everyone,

which one do you prefer as supply zone, and why?

NJ daily chart:
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free opinion, please comment.
  • #4,902
  • Oct 18, 2017 5:17am Oct 18, 2017 5:17am
Quoting EVolta
Hi everyone, which one do you prefer as supply zone, and why? NJ daily chart: {image} free opinion, please comment.
I would magnify it on lower TF to see if price was running away from the zone with lower highs. If there was higher high at the end I would assume supply was exhausted. I would also look how demand zone looked like on the left through which this supply zone had to go through.
Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #4,903
  • Oct 18, 2017 5:19am Oct 18, 2017 5:19am
I am pleased with this entry:

Uptrend 4h, some late demand caught in RBR in quick move up.

Attached Image (click to enlarge)
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Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #4,904
  • Oct 18, 2017 5:21am Oct 18, 2017 5:21am
USD JPY some demand areas to consider to join this move:

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Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #4,905
  • Oct 18, 2017 5:22am Oct 18, 2017 5:22am
Quoting EVolta
Hi everyone, which one do you prefer as supply zone, and why? NJ daily chart: {image} free opinion, please comment.
The zone on the left charts looks much better: strong departure, two full candles, > 2:1. On the right we see very wicky basing candles, very weak depart. Upper zone is almost penetrated, the lower one was touched by just the next candle. As for me, next two candles (black and white) are looking much better as a SZ.
  • #4,906
  • Oct 18, 2017 8:40am Oct 18, 2017 8:40am
I don't know why it did not trigger...

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Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #4,907
  • Oct 18, 2017 10:32am Oct 18, 2017 10:32am
Quoting Ramadas
I don't know why it did not trigger... {image}
Would be interesting to see the broker's explanation...
  • #4,908
  • Oct 18, 2017 11:11am Oct 18, 2017 11:11am
Quoting Ramadas
I don't know why it did not trigger... {image}
can you check on the minute by minute tick for both bid and ask with your platform?
  • #4,909
  • Oct 18, 2017 11:52am Oct 18, 2017 11:52am
Quoting Ramadas
I don't know why it did not trigger... {image}
Hello Ramadas

If i may, i contacted LCG on your behalf and their response as i thought was that they use aggregate prices from their pool of liquidity providers
so the prices you see on your charts are aggregates of the quotes they get from their providers.

best wishes
Attached Image
Be careful what you think because your thoughts run your life..Solomon
  • #4,910
  • Oct 18, 2017 12:12pm Oct 18, 2017 12:12pm
Quoting Akt
{quote} Hello Ramadas If i may, i contacted LCG on your behalf and their response as i thought was that they use aggregate prices from their pool of liquidity providers so the prices you see on your charts are aggregates of the quotes they get from their providers. best wishes{image}
Dear Akt,
Could you explain what it means? How is it possible to trade with such a unconfident quotes? You place a limit order and it can be fulfilled for unexpecting price?
  • #4,911
  • Oct 18, 2017 12:20pm Oct 18, 2017 12:20pm
Quoting Akt
{quote} Hello Ramadas If i may, i contacted LCG on your behalf and their response as i thought was that they use aggregate prices from their pool of liquidity providers so the prices you see on your charts are aggregates of the quotes they get from their providers. best wishes{image}
Hi Akt, do you mind to elaborate more on this? Thanks.
  • #4,912
  • Oct 18, 2017 1:22pm Oct 18, 2017 1:22pm
Quoting judysfriend
{quote} Hi Akt, do you mind to elaborate more on this? Thanks.
Hello judysfriend & Yunvic.

Sure, no problem.

From my experience with brokers who use aggregate prices, they go to a bunch of providers who quote slightly different prices for a particular market.
The broker gets all these quotes from their liquidity providers and aggregate them and take a sort of average or some use the best price etc. It would be a useful exercise to check with your individual brokers as to how they quote their prices.
I know because i had to do the same with one of my brokers

hope that helps

best wishes
Be careful what you think because your thoughts run your life..Solomon
  • #4,913
  • Oct 18, 2017 4:45pm Oct 18, 2017 4:45pm
if i may add my 2 pennies on this matter, it also has to do with metatrader if that is the charting package you are using ramadas. if have been told by many brokers that meta operates on its own quotes that can deviate from the actual liquidity providers your brokers may use. according to these brokers that is why they are encouraging people to move away from meta but because of its mainstream popularity amongst traders they understand that it is something they cannot just remove.

on another note ramadas careful on the usdjpy even though that is not higher timeframe supply it still is an area you do not want to buy in blindly. also just keep an eye on the dxy as well
  • #4,914
  • Oct 18, 2017 4:49pm Oct 18, 2017 4:49pm
Quoting Akt
{quote} Hello Ramadas If i may, i contacted LCG on your behalf and their response as i thought was that they use aggregate prices from their pool of liquidity providers so the prices you see on your charts are aggregates of the quotes they get from their providers. best wishes{image}
Thanks for the help! That's why larger TF are better to trade S/D in spot market.

For smaller TFs only futures with central exchange can be used to avoid such situations.
Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #4,915
  • Oct 18, 2017 5:02pm Oct 18, 2017 5:02pm
comments please!!!
https://www.tradingview.com/x/AeUKjv0L/
with demand zones created that close to supply is this a bad trade idea?
  • #4,916
  • Oct 18, 2017 6:25pm Oct 18, 2017 6:25pm
Hello everyone. Looking at the charts tonight and found this setup. I'm still trying to learn so I'm looking for input. Looking to trade off the 1 hour TF. Weekly, daily and 4 hour TF all look to be in consolidation. It is now in the supply area. On the 1 he there looks to be a couple of small demand zones. Is this analysis correct? Thoughts and critique welcome. Thanks in advance.
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I'm not a pro, I'm learning though.
  • #4,917
  • Oct 18, 2017 10:31pm Oct 18, 2017 10:31pm
Quoting EVolta
Hi everyone, which one do you prefer as supply zone, and why? NJ daily chart: {image} free opinion, please comment.
I do not think you can justify calling a zone SZ / DZ without getting to know the big picture and the prior price action.
However I will not easily consider a CP a SZ / DZ (Right side) easily without additional price action to confirm.
Live life king size !
  • #4,918
  • Oct 19, 2017 12:15am Oct 19, 2017 12:15am
Hello everyone

A trade just exited on the EURNZD.

Best wishes
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Be careful what you think because your thoughts run your life..Solomon
  • #4,919
  • Oct 19, 2017 1:12am Oct 19, 2017 1:12am
Quoting Akt
Hello everyone A trade just exited on the EURNZD. Best wishes{image}{image}
beautiful trade my friend well done!! and as the infamous Hannibal Smith would say "i love it when a plan comes together"
  • #4,920
  • Oct 19, 2017 3:09am Oct 19, 2017 3:09am
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