To bad no one ever taugh us over at babypips that "Suppy and Demand" trading, Aka, order flow is nothing more than a fallacy. That we can tell because this market is decenteralized which allows many shady things to occur.
Supply and demand trading can not be possible in forex when the broker has the ability of "b-booking" your orders. B-booking your order alone means that the broker can redirect your order against its balance sheet ot have it go towards the market.
If it is against their balance sheet then your volume will never show in an order book or in an level 3 being as it never was reflected as being an actual order that hit the market.
The fact that many brokers have different quoted prices when we are presuming that the volume given is infact accurate makes supply and demand trading super impossible. Any system based on supply and demand will have to be created on the fundemental that all the volume and all the data is correct, and we know with over 10 days of trading that level 2 and level 3 in forex doesn't exsist and the reasons why.
Supply and demand trading can not be possible in forex when the broker has the ability of "b-booking" your orders. B-booking your order alone means that the broker can redirect your order against its balance sheet ot have it go towards the market.
If it is against their balance sheet then your volume will never show in an order book or in an level 3 being as it never was reflected as being an actual order that hit the market.
The fact that many brokers have different quoted prices when we are presuming that the volume given is infact accurate makes supply and demand trading super impossible. Any system based on supply and demand will have to be created on the fundemental that all the volume and all the data is correct, and we know with over 10 days of trading that level 2 and level 3 in forex doesn't exsist and the reasons why.
Threesome Daddy
7