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Attachments: Discussions on Order Flow/Volume
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Discussions on Order Flow/Volume

USDCAD....

Some sellers coming in....

Inverse Price Action....
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Quoting FXState
USDCAD.... Some sellers coming in.... Inverse Price Action....
I"m on it...selling came in late friday after NFP...it made me suspicious also that all that selling only held price and couldn't make it it fall...but I am watching closely
Do more of that which succeeds and less of that which does not - Dennis Gar
Quoting DonPato
{quote} You are mentioning the observations I dedicated an entire thread to here. My observation was this: Based on price movement and volume I observed three "phases" that occurred as the order flow exhausted in one direction. I also observed that these phases resulted in a change in order flow (usually from dominant to balanced), and that finally resulted in a final push that was absorbed not allowing any further price movement in the dominant direction. Some refer to this as a...
Perhaps i was not accurate in my language, i mean do these 3 phases can be detected in some way. and I think I get the answer which is YES, you read/see the order flow to detect those signs of exhaustion by using volume delta profile.

And for second question i asked, i am clear that there are several ways of price 'exhaustion'
if lack of aggressive traders (whatever reasons they do not want to participant in) , the price would not change. (NO fuel) and this is called the "exhaustion"
if there are a huge of liquidy stay in front, current aggressive orders cannot eat them up all, the price also would not change, and this situation called the "absorption"
still confuse that why climax is also a form of "price exhaustion", is climax mean a combination of the above two conditions ? it does not seem to be possible to say so.
learning...
Quoting hefei
{quote} Perhaps i was not accurate in my language, i mean do these 3 phases can be detected in some way. and I think I get the answer which is YES, you read/see the order flow to detect those signs of exhaustion by using volume delta profile. And for second question i asked, i am clear that there are several ways of price 'exhaustion' if lack of aggressive traders (whatever reasons they do not want to participant in) , the price would not change. (NO fuel) and this is called the "exhaustion" if there are a huge of liquidy stay in front, current...
These questions are better posted in the thread that involves this specifically. However to briefly explain. "Climax" is listed as a one of the "phases of exhaustion" because it will either be what starts the process or what ends the process. Climax typically starts when the opposing dominant order flow liquidates and "gives up". This is usually when one side stops out in great numbers. Lets look at the selling side as that occurs most commonly.

Price is moving down but has stalled. This stall us usually caused by a good amount of buying volume attempting to take a stand and prevent further price fall. But this buying has insufficient volume to create upward price movement. These buyers have stops below the market and when prices run into these stops another wave of selling occurs. But this wave is the result of buyers stopping out NOT by new shorts entering. Once this stop out is finished price stops falling...THIS is climax and is the most common form it takes

Another form of climax is when price (again on the sell side) is ranging and trying to bottom. This ranging (balanced order flow) may continue for several days. This some news announcement causes price to drop through the bottom of the range, stopping out buyers and leading everyone to think "break down". The immediately following candle is a wave of new buying that pushes price higher and through the opposite side of the range. This last push down is also climax. I often refer to it as the "FU stop".

The caution on this last is that if all the other phases of exhaustion are present EXCEPT the climax...WAIT to place your buy order until the climax phase has finished.

I am monitoring the thread on volume (which addresses these in detail) and you are welcomed to place further questions and comments on this subject there. I'm trying to keep this thread specifically about order flow. Thanks for your enthusiasm
Do more of that which succeeds and less of that which does not - Dennis Gar
Quoting DonPato
{quote} These questions are better posted in the thread that involves this specifically. However to briefly explain. "Climax" is listed as a one of the "phases of exhaustion" because it will either be what starts the process or what ends the process. Climax typically starts when the opposing dominant order flow liquidates and "gives up". This is usually when one side stops out in great numbers. Lets look at the selling side as that occurs most commonly. Price is moving down but has stalled. This stall us usually caused by a good amount of buying...
DonPato, Great Post !!!
You NEVER will be the person you could be, without pressure & discipline
Quoting DiamondMiner
DonPato, Great Post !!!
Thank you!! Please join in when you have the time
Do more of that which succeeds and less of that which does not - Dennis Gar
Quoting DonPato
I am monitoring the thread on volume (which addresses these in detail) and you are welcomed to place further questions and comments on this subject there. I'm trying to keep this thread specifically about order flow. Thanks for your enthusiasm
could you please share the link for " thread on volume ".
thanks
Quoting ShanA
{quote} could you please share the link for " thread on volume ". thanks
Here > https://www.forexfactory.com/showthread.php?t=723604
Quoting SkyLaser
{quote} Here > https://www.forexfactory.com/showthread.php?t=723604
Thank you very much skylaser!!
Do more of that which succeeds and less of that which does not - Dennis Gar
  • Post #330
  • Quote
  • Edited at 7:57pm Feb 12, 2020 9:39am | Edited at 7:57pm
Quoting FXState
USDCAD.... Some sellers coming in.... Inverse Price Action....
Hey FXState...good call!! I hope you were able to get positioned. You read that correctly and I congratulate you on your well timed alert. After NFP price did rise slightly to shake out all the week shorts that entered on Friday...now it appears the cascading sell off has started.
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Do more of that which succeeds and less of that which does not - Dennis Gar
Quoting SkyLaser
{quote} Here > https://www.forexfactory.com/showthread.php?t=723604
thanks for your reply
Can someone (or DonPato) share the indicator like above? and ask where did that volume data source come from? thanks
Quoting catmes
Can someone (or DonPato) share the indicator like above? and ask where did that volume data source come from? thanks
Please check this thread thoroughly...it is referenced MANY times. Not only that the setting you see used above are also posted. If you are new to this thread I recommend reading it from beginning to end FIRST and then decide if this is what you want. It is NOT a free indicator nor is is made for MT4. But it will help you see the order flow more accurately if you learn to use it. I implore you to read the thread in its entirety...thanks...good luck
Do more of that which succeeds and less of that which does not - Dennis Gar
Quoting DonPato
{quote} Hey FXState...good call!! I hope you were able to get positioned. You read that correctly and I congratulate you on your well timed alert. After NFP price did rise slightly to shake out all the week shorts that entered on Friday...now it appears the cascading sell off has started. {image}

Sorry Don I'm replying late. I wasn't able to get back in after the last bullish candle too me out. I was spot on but too tight stop loss. Thanks for sharing more light on the process. That was a nice drop.
Quoting FXState
... That was a nice drop.
It's still going. I am anticipating 1.3100 or even lower
Do more of that which succeeds and less of that which does not - Dennis Gar
Quoting DonPato
{quote} Please check this thread thoroughly...it is referenced MANY times. Not only that the setting you see used above are also posted. If you are new to this thread I recommend reading it from beginning to end FIRST and then decide if this is what you want. It is NOT a free indicator nor is is made for MT4. But it will help you see the order flow more accurately if you learn to use it. I implore you to read the thread in its entirety...thanks...good luck
sorry! Because I'm impatient. Let me see 17 pages
Quoting catmes
... Because I'm impatient...
Impatience will be your enemy in successful and profitable trading. The sooner you learn to control this the better...I speak from experience here.
Do more of that which succeeds and less of that which does not - Dennis Gar
USDCHF.... This is the market I am watching closly.....


Price at previous sellers area......
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AUDUSD..... Desperate sellers......
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Quoting FXState
AUDUSD..... Desperate sellers...... {image}
The Aussie $ has been pretty rooted for quite some time, the culmination of decades of fiscal and monetary imprudence by suits. It tends to spike up well when mining is doing good and before govt can tax the stuffing out of it.

Anecodote - the central bank, the Reserve Bank of Australia, sold off most of its gold holdings (maybe a few hundred tonnes) in the late 90s. For those of you without long term charts, that was at about US$300/oz. Blah.
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