OrderFlowTrading.com - Interactive order-flow trading thread

In this thread, we're going to specialize in:

1. How to gauge market sentiment based on the current fundamental factors in play. (Bank reports, CNBC, Market Headlines)
2. Find other traders orders in the Forex market (reverse-engineering the price chart, commentary from interbank traders, open order books online)
3. Exploit their orders to use as entries, exits, and our own stop-placement. (good risk/reward ratios, lower risk by not trading during times of wide spreads)

Let's keep this thread interactive. I need at least a few traders that are dedicated to trading this method. Please feel free to post charts & analysis along with discussing the trade based on those 3 points above. I can be reached in this thread or email: Ryan (at) OrderFlowTrading.com


Note that this is not a mechanical system or signal service, we're going to hone each one of our traders in a way that you will be able to transfer this knowledge of exploiting other's orders to other markets (futures, indices, commodities, ect).

I'm a contributor on ​Order Flow News: http://www.orderflowtrading.com/OrderFlowNews.aspx which is my prefered source of forex market information.

I started a small acct with Oanda to track progress of OFT with a retail broker using this info in a Trade Explorer

Looking forward to your further posts

I'll be hosting a chat session in OrderFlowTrading's main chat room ( http://www.orderflowtrading.com/Chat.aspx ) this Friday @ 10am ET (new york time) on ‘How to find orders on a price chart'
Chatroom access is $20/month but well worth the $20 for a full month in the room with seasoned traders.

In the chat session;

We’ll go over:

1. How to find stop-loss orders, what areas of stop placement have in common, live examples.
2. How to find latent demand/supply away from price in areas for potential Bids or Offers.
3. How to verify orders presence by comparing your findings to an online (delayed) order book.

As always, I'll be open to discuss any & all OFT within this thread! Thanks guys!

I don't miss retail FX broker's 30pip spreads in the last minute of trading..
yellow=entry purple=stop

why explorer is in bad red shape?

Trying to trade Oanda 30-60 pip spread on Nzd crosses on Fridays.. no ecn here. That and its less than a week old. lol

Looking to go long UsdJpy on a break of 101.50 or UsdChf at 0.8915 today, but need signs of risk-asset recoveries like the Aud, Nzd, & Nikkei, which is just above the 15,000 level. Looks to be good risk/reward on the recent charts.

Also, massive options at 1.360, 1.335, & 1.350 this Thursday on EurUsd. Gives a bit of a reason to sell & buy back under those levels for option hedgers & exercisers.

A couple highlights from my trading this +4.6% week:

UsdJpy long +2.4%: Reported bids at 101.40 held up, US employment data expected to come in better than last month's. Personally like the reversal pattern seen on the 1hr chart & entered long upon topside break of the inside hourly bar at 101.47. Exited when rally was slowing down.


NzdUsd short +2.3%: Strong offers reported on the OFT News Feed at 0.8795 in protection of a guarded barrier option at 0.8800. Looked to take a short if ANZ's NZ Business Confidence confirmed a downtrend (http://www.forexfactory.com/calendar.php#graph=51085), then place my stop behind those topside offers, hoping 0.8730 bids would break down. The bids held up well, I exited upon retrace of the move.


NzdUsd long +1.3% Price sank to known bids at 0.8750, not off poor NZ data/news, but very poor Australian data & strong negative revisions to previous Trade Balance (exports-imports) data: http://www.forexfactory.com/calendar.php#detail=50629 I took advantage of the robots that sell NZD when AUD goes down, which orders were absorbed by smart-money ready to buy at 0.8750 as NZD sentiment/value hadn't change off Australian data. Stop placed at least 10 pips under those bids, exited soon as price stalled at ~0.8770; negative risk-on data still wasn't going to let the NZ break to new highs.


Orderflow Students: Find what news/data catalysts made NzdUsd traders do the same 0.8750-->0.8770 pattern 2 twice after. (circled in orange)

A setup I'll be looking at for in anticipation of Tuesday's Asian trading session:
NZ Institute of Economic Research releases their NZ Business Confidence for Q2: http://www.forexfactory.com/calendar.php#detail=51071 (then NAB releases Australian Business Confidence for June, 3.5hrs after)


Last week, ANZ Bank released their June Buisness Confidence: http://www.forexfactory.com/calendar...t#detail=51085
From ANZ: http://www.anz.co.nz/resources/5/6/5...df?MOD=AJPERES


Looking to go short NzdUsd or long AudNzd ahead of NZIER business confidence in expectation of a drop.

NzdUsd, Resistance levels of offers:


AudNzd, Lack of liquidity highlighted, price can move up easier through this area off positive Aud or negative Nzd sentiment (from further drop in business confidence..)

An example of how I trade Order Flow:

http://www.forexfactory.com/showthre...18#post7575618

NzdUsd broke thru that area of thin liquidity, without me.

I gave em too much credit:

Hi Emerald I think your website is down. Did you move to somewhere else?