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Simple Trendline Orderflow System

  • Post #201
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  • Edited at 6:17am Aug 23, 2021 5:53am | Edited at 6:17am
Quoting scherzi
{quote} I also see this. {image}
Nice one @scherzi.

This is the view of an expert/trained eyes. It is partly because of the likelihood of stop hunts above/below double tops/bottom that I have recommended LTF confirmation because the LTF setup would occur most likely after the stop hunts. However for the trained eye, price orderflow reading is a more informed exercise.

Kudos!.


PS: The best setups are the ones that occur after stop hunts above double tops/double bottoms
Trading should not be difficult
Quoting bilal1947
{quote} may be if they are of some use. {file} {file}
.....is there a MTF version of Tangent indi ............ thanks..............
Quoting scherzi
{quote} I understand you mean that you are tracking the either level II or market price qty book of your asset to verify if the prices have enough liquidity or not to support them. That you use kind of cummulative buy/sell indicator you name "cummulative delta". Otherwise, pelase elaborate a bit your message. What I say is that us who use technical analysis can see the orderflow through the charts in different manners. This is one of them. When price is high, that is also called "premium", "top", "supply", etc.... The name may vary, the idea is...
ok thanks. you all work with mt4 etc? how does one know that a topping price is distribution and not continuation? price structure?

i went through my proces on the other "orderflow" led by donpato. you can see it there.
In tea leaves we trust!
Morning trade. Nice setup and trade!
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Trading should not be difficult
Quoting Mcbeaners
{quote} ok thanks. you all work with mt4 etc? how does one know that a topping price is distribution and not continuation? price structure? i went through my proces on the other "orderflow" led by donpato. you can see it there.
if you follow the compressed zones and resulting breakouts above previous swings you will be right most of the time.
Trading should not be difficult
Quoting EngineerFx
Morning trade. Nice setup and trade! {image}
good trade EngineerFx!
looks like RTM style trade
Quoting EngineerFx
{quote} Nice one @scherzi. This is the view of an expert/trained eyes. It is partly because of the likelihood of stop hunts above/below double tops/bottom that I have recommended LTF confirmation because the LTF setup would occur most likely after the stop hunts. However for the trained eye, price orderflow reading is a more informed exercise. Kudos!. PS: The best setups are the ones that occur after stop hunts above double tops/double bottoms
Lol, I thought I had nothing to say, but I see new ppl bringing new fresh ideas we can discuss about.
Quoting Mcbeaners
{quote} ok thanks. you all work with mt4 etc? how does one know that a topping price is distribution and not continuation? price structure? i went through my proces on the other "orderflow" led by donpato. you can see it there.
Ok. I will explain why I took this short today, but only mentioning what it is applicable to this thread.

These schemas are really simple and I do not try to be accurate, but understandable.

Acc - Distrib

I don't know when accumulation and distribution switch, I can only guess. But I insist, I never know it.

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Where to.
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Why to.

Basically, you can appreciate how fast decreasing prices retrace slowly, just with a bit of increased speed to break a high before falling again.

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Quoting scherzi
{quote} Ok. I will explain why I took this short today, but only mentioning what it is applicable to this thread. These schemas are really simple and I do not try to be accurate, but understandable. Acc - Distrib I don't know when accumulation and distribution switch, I can only guess. But I insist, I never know it. {image} Where to. {image} Why to. Basically, you can appreciate how fast decreasing prices retrace slowly, just with a bit of increased speed to break a high before falling again. {image}
ok here is a quick example on cummulative delta (aka orderflow). using sierracharts.

note the rise and plateau (just the last 5 bars say). accumulation or distribution?

answer - accumulation. i'm looking for long position.
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In tea leaves we trust!
Quoting arcticmoneys
{quote} good trade EngineerFx! looks like RTM style trade
Thanks.

Some would argue ICT, support and resistance or Elliot wave. This approach is semi-agnostic (to use @scherzi's words) and provide high probability areas for entry regardless of your approach to markets.
Trading should not be difficult
Quoting Mcbeaners
{quote} ok here is a quick example on cummulative delta (aka orderflow). using sierracharts. note the rise and plateau (just the last 5 bars say). accumulation or distribution? answer - accumulation. i'm looking for long position. {image}
Thank you for the explanation.

I have found there the description.

https://www.sierrachart.com/index.ph...nce.php&ID=292
Quoting EngineerFx
Something to consider {image}
Turns out to be accumulation, but we got the low of that accumulation, isn't it?
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Trading should not be difficult
Heads-up

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Quoting scherzi
{quote} Thank you for the explanation. I have found there the description. https://www.sierrachart.com/index.ph...nce.php&ID=292
hopefully of some help.
In tea leaves we trust!
Quoting EngineerFx
{quote} Turns out to be accumulation, but we got the low of that accumulation, isn't it? {image}
Maybe it is just an imbalance. Check D1.

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It could be a switch into an ascending program, but it is the first test on D1 over that area.

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Quoting scherzi
{quote} Maybe it is just an imbalance. Check D1. {image} It could be a switch into an ascending program, but it is the first test on D1 over that area. {image}
price already moved impulsively from that range. What happens next is another thing entirely
Trading should not be difficult
Quoting EngineerFx
{quote} price already moved impulsively from that range. What happens next is another thing entirely
Yes, we have to immediate targets.

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Trading is not easy
Could this be a potential valid trade?
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Quoting EngineerFx
~~ I will continue to improve Post1, but the reasonable thing to do is to go through the thread to have a more-complete picture.
Thanks for the reminder to check back on post 1 occasionally.
Good Trading
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