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order flow Statistics on FF

  • #21
  • Dec 31, 2006 3:46pm Dec 31, 2006 3:46pm
Quoting turbokaos
why not use commitment of traders
I do not know this. What is it and where is it to be found?

I am interested in trader sentiment because of its application to deciding whether it is worth trading a retracement after news. Admittedly a very limited application. To some extent it may also be applicable to deciding whether to trade the news (more likely to want to trade news if the numbers are in the direction of trader sentiment, more likely to want to trade the retracement if the numbers are contrary to trader sentiment). Of course, this is not the only factour to be considered, but it would be a very useful addition to the equation.
  • #22
  • Dec 31, 2006 3:52pm Dec 31, 2006 3:52pm
Also as i post in on another thread,
I could be also good idea to implement a indicator base on orders made by FF member,

I know theres is a program Napstex(Thats the post i was talking), and the programmer also say this: "There are not enought people that use it",
But, if something like this were integrated into FF automatically,
with, lets say, MT4 indicator or script,
many people, i'm sure, would use it, since they dont have to do nothing except there regular order and visit FF website...
Sorry for my bad english translation
  • #23
  • Dec 31, 2006 4:02pm Dec 31, 2006 4:02pm
If ForexFactory could some how build in COT as well as MMs position logs, that would be a very fine tool to have available. I personally do not use the info, though having it readily available will be nice.
The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #24
  • Dec 31, 2006 5:22pm Dec 31, 2006 5:22pm
Quoting turbokaos
why not use commitment of traders
brilliant idea. if we could display COT data with a FF style touches, it could be quite a useful tool.
Relax and be happy.
  • #25
  • Dec 31, 2006 5:25pm Dec 31, 2006 5:25pm
and maybe we can integrate oanda with COT! ok, we have two sources, a third and me might have ourselves a project here! who else has forex market data publicly available?
Relax and be happy.
  • #26
  • Dec 31, 2006 6:24pm Dec 31, 2006 6:24pm
Merlin i have send email to FF for COT data source ....
I dont know if its you that will receive this...
Sorry for my bad english translation
  • #27
  • Jan 2, 2007 11:52am Jan 2, 2007 11:52am
Quoting merlin
are you seeing the MM's whole book through currenex, or just best bid and offer? which brokers are you seeing? mind posting a screenshot?
Here you go mate hope this helps.. the top is the consolidated view the bottom is the standard view.

turbo
Attached Image
  • #28
  • Jan 2, 2007 4:11pm Jan 2, 2007 4:11pm
Quoting turbokaos
Here you go mate hope this helps.. the top is the consolidated view the bottom is the standard view.

turbo
Are we viewing an individual broker's level 2? Since volume for the market is unavailable, are we limited to broker orders? Thanks.
  • #29
  • Jan 2, 2007 5:04pm Jan 2, 2007 5:04pm
Quoting turbokaos
Here you go mate hope this helps.. the top is the consolidated view the bottom is the standard view.

turbo
thanks man. that looks pretty weak from the screen. is there a tape, to show you what orders are being "printed"? exactly which broker is that feed coming from, or is it displaying many MMs?
Relax and be happy.
  • #30
  • Edited 5:24pm Jan 2, 2007 5:11pm | Edited 5:24pm
weak?

I took the screen shot around 2 or 3pm est.. and there was still over 100mil going threw the eur

keep in mind 1 = 1mil not 100,000

Quoting merlin
thanks man. that looks pretty weak from the screen. is there a tape, to show you what orders are being "printed"? exactly which broker is that feed coming from, or is it displaying many MMs?
  • #31
  • Jan 2, 2007 5:17pm Jan 2, 2007 5:17pm
If you get filled it will eaither show the bank name or it will show up as ODL Prime. But like Darkstar said most order iceberg which mean there could be an order there for 20mil @ x price but they might only be showing 5mil

turbo

Quoting tdion
Are we viewing an individual broker's level 2? Since volume for the market is unavailable, are we limited to broker orders? Thanks.
  • #32
  • Jan 2, 2007 5:49pm Jan 2, 2007 5:49pm
Quoting merlin
and maybe we can integrate oanda with COT! ok, we have two sources, a third and me might have ourselves a project here! who else has forex market data publicly available?
No only who is net long or short, but also futures open interest and futures volume would be useful
  • #33
  • Jan 3, 2007 6:00am Jan 3, 2007 6:00am
Quoting turbokaos
weak?

I took the screen shot around 2 or 3pm est.. and there was still over 100mil going threw the eur

keep in mind 1 = 1mil not 100,000
when i said "weak" i was referring to the amount of data they showing you. where is the tape? the tape is the most important part about "level 2" view, because it shows you the orders that are actually being filled. until now i have been unable to find any decent tape for forex, i have a friend who works for Smith Barney who showed me their internal tape, but he cant give me access to it unfortunately. also it would be nice to know who is behind each of the resting orders, kind of like you get on the NASDAQ level 2. anway, thanks for posting that.
Relax and be happy.
  • #34
  • Jan 4, 2007 1:44am Jan 4, 2007 1:44am
Your not going to get a tape. That one of the things these platforms like to bost about weather it's Currenex, FXall, Hotspotfxi, is security of a completely confidential trading environment. Trade details remain confiedential between the customer and the counterparty and are never published ot the market.

I took heat when I posted the order flow of hotspotfxi on youtube to show some news traders how at major releases most of the bid/ask get pulled. lol

wish i could give a more but that all i got..

I think COT would be the best thing to work w/


turbo

Quoting merlin
when i said "weak" i was referring to the amount of data they showing you. where is the tape? the tape is the most important part about "level 2" view, because it shows you the orders that are actually being filled. until now i have been unable to find any decent tape for forex, i have a friend who works for Smith Barney who showed me their internal tape, but he cant give me access to it unfortunately. also it would be nice to know who is behind each of the resting orders, kind of like you get on the NASDAQ level 2. anway, thanks for posting that.
  • #35
  • Aug 8, 2007 11:15pm Aug 8, 2007 11:15pm
How do they get away with this "iceburging?" Are they simply breaking their 20 mio into 5 mio chunks?

Quoting turbokaos
If you get filled it will eaither show the bank name or it will show up as ODL Prime. But like Darkstar said most order iceberg which mean there could be an order there for 20mil @ x price but they might only be showing 5mil

turbo
  • #36
  • Aug 8, 2007 11:23pm Aug 8, 2007 11:23pm
Quoting tdion
How do they get away with this "iceburging?" Are they simply breaking their 20 mio into 5 mio chunks?


no it is up to the trader to allow how much is seen on the book
  • #37
  • Jan 11, 2010 4:34pm Jan 11, 2010 4:34pm
Hi all,

im "reborning" this archeological thread after 3 years cause id like to ask if someone using this:

http://fxtradeinfocenter.oanda.com/orderbook/

for trading or only for information purposes, cause im watching it since new year and i find out it pretty interesting. So anybody for little discussion ?
  • #38
  • Jan 11, 2010 11:34pm Jan 11, 2010 11:34pm
Quoting RicardoSVK
Hi all,

im "reborning" this archeological thread after 3 years cause id like to ask if someone using this:

http://fxtradeinfocenter.oanda.com/orderbook/

for trading or only for information purposes, cause im watching it since new year and i find out it pretty interesting. So anybody for little discussion ?
The Oanda orderbook could be useful to a point. But In all honesty, you really don't need it. As others have stated, it is not static. It changes all the time.

I have found you do not need an orderbook to trade orderflow. You need a little more than just a chart, but you don't need to stare at the tape or depth of market all day. It's fairly easy to see who's heads are about to come off.

It doesn't make sense to talk about strategies that are actually profitable on a public forum. Why does Coke and Pepsi, KFC and the rest keep their recipes a secret? Why do they use copyrights? The closest thing you can get to a copy right in a successful trading strategy is silence. Thats why Darkstar, Gaston, you name them won't talk. If you know where the secret fountains of liquidity exist and there's not a whole lot of it, you don't want to call all your competitors to those places.

Sorry, not trying to be a bummer, but this thread died for a reason.
  • #39
  • Jan 12, 2010 1:12am Jan 12, 2010 1:12am
Quoting Scotty B
The Oanda orderbook could be useful to a point. But In all honesty, you really don't need it. As others have stated, it is not static. It changes all the time.

I have found you do not need an orderbook to trade orderflow. You need a little more than just a chart, but you don't need to stare at the tape or depth of market all day. It's fairly easy to see who's heads are about to come off.

It doesn't make sense to talk about strategies that are actually profitable on a public forum. Why does Coke and Pepsi, KFC and the rest keep their recipes...

Hi,

thank you for your reply. As i wrote above i found it few weeks ago i didnt know it exists and then i found this thread and i can see it exists more then few years, but i have similar opinion like you, because every market maker is happy when its traders lose so whats the point that broker reveals its orders and opened positions ...hm i personaly think it can be useful to check it sometimes etc, but problem is if its reliable, maybe that datas are randomly generated every morning with little similarity to real market and market moves. And youre right about silence and competitors

take care
  • #40
  • Jan 12, 2010 1:22am Jan 12, 2010 1:22am
Quoting RicardoSVK
Hi,

thank you for your reply. As i wrote above i found it few weeks ago i didnt know it exists and then i found this thread and i can see it exists more then few years, but i have similar opinion like you, because every market maker is happy when its traders lose so whats the point that broker reveals its orders and opened positions ...hm i personaly think it can be useful to check it sometimes etc, but problem is if its reliable, maybe that datas are randomly generated every morning with little similarity to real market and market moves. And...
I don't think any of the data is randomly generated, it's just such a small sampling of the overall market. Also, it's not a very versatile tool. You can hardly see it, it's not interactive, and you don't get actual volumes at the different price points. If it did have any significant value then Oanda would not be sharing it with the world.

Oanda is just a bridge for us little guys to reach the bigger overall market. They are generating their charts based on data from their liquidity providers (probably several banks), they then have to skew that data to get them a nice spread and also to pay their liquidity providers. When oanda says their spread is two pips, it is to us small guys, but if you saw prices on the real market you'd realize how padded they really are. But Oanda is providing a good service. They are who I use.
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