(binned per thread starter's request) Behind Price-Orderflow | Page 14 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

How to Use Orderflow in Forex - Any Ideas? 9 replies

Question about OrderFlow or OrderPosting via Broker or LiqProv 1 reply

Collection of posts/threads from orderflow traders 0 replies

Using future orderflow, to predict spot prices 16 replies

Vidas - Orderflow 1 reply

Attachments: (binned per thread starter's request) Behind Price-Orderflow
Exit Attachments

(binned per thread starter's request) Behind Price-Orderflow

  • #261
  • Sep 1, 2009 5:16am Sep 1, 2009 5:16am
Quoting AstonDan
OK, follow up: Price paused just beyond 1.43/on the ascending trendline as you may reasonably expect. Is this a cluster of buy orders? Shorts taking profit? Are you looking to enter long?

I would expect triggered long order stops to be around the thick red line, so what would a manipulater do? Take them out for a better price long?

Apologies for the all the question marks, i'm not preaching but digging and i could be completely wrong (i often am)

Attachment
I've just been watching this too.

I think it could be a perfect example of stop running, solid round number of 4300, punched through down to 4286, collected back at the round number and the market carries on up.

Annoyingly I just sat there and watched it for an hour.
"I made all my money by selling too soon"
  • #262
  • Sep 1, 2009 5:20am Sep 1, 2009 5:20am
Quoting Bleek

Annoyingly I just sat there and watched it for an hour.
Lol, so did i, but i'm exposed to the Euro in the Yen cross so i didn't want to jump into this.

It behaved just as you would expect, however New York will be going to work shortly and i'll be interested to see what they do. I suspect they may want 'in' at a better price than where it is now.
  • #263
  • Sep 1, 2009 5:49am Sep 1, 2009 5:49am
Quoting Leonlorenzo
'Why' indicates knowing the reason something should happen, and the reason 'buying' or 'selling' isnt enough IMO.

'WHO', you need to work this out before you can find out why.

All IMO.
Who, do you mean who as in who is making price?

From memory Reuters 3000 Xtra had the 'who', mind you I don't know how extensive it was and you need to be a speed reader but I saw some household names flashing through. The fun part for me was watching quotes and spreads across one NFP, all I can say is wow, those people are nuts!
  • #264
  • Sep 1, 2009 6:00am Sep 1, 2009 6:00am
The Futures lvl2 numbers are very interesting, I've been watching them at round number support on the EURUSD.

Volume to the down side (Bids) keeps jumping up 20-30% pulling price down, it's as if 'they' are trying to get a good price for their efforts soaking up the offers.
"I made all my money by selling too soon"
  • #265
  • Sep 1, 2009 6:20am Sep 1, 2009 6:20am
Quoting Bleek
The Futures lvl2 numbers are very interesting, I've been watching them at round number support on the EURUSD.

Volume to the down side (Bids) keeps jumping up 20-30% pulling price down, it's as if 'they' are trying to get a good price for their efforts soaking up the offers.
Very interesting thread. Always glad to learn/improve.

OK, I'm on the same page as AstonDan. Trend line rejection, fractals or whatever you want to call it. Most interesting at round numbers.

Watching the Level II was also very enlightening. If you pay attention there are certain levels where you can see orders in the hundreds flying (hint?).

Coupled with S/R it starts looking a very promising improvement.

I don't know if this is what "those in the know" are talking about or I'm just wailing, but hey, I like it.

Cheers,

Henry
  • #266
  • Sep 1, 2009 6:27am Sep 1, 2009 6:27am
Anyone willing to translate this for me?

Quote
London, September 1. EUR/USD Dealers report more trading of Friday 1.44"s this morning in London. The contract going through several times around the 13.5 level. Our maturity calendars ) now indicate an accumulative [EUR 800mln] of this strike, which are likely to contain spot if it is in the vicinity come Friday. The well hyped Asian CB barriers at 1.4450 are due to expire around 22nd September and should continue to cap any fresh advance.

What are 1.44's and 13.5 level? 800 mln will contain spot? Why will barriers at 1.4450 cap price advance?
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #267
  • Sep 1, 2009 6:34am Sep 1, 2009 6:34am
Something else, skfx, has given us the white space hint several times.

What I gather is that he's referring to accumulation/distribution areas where you can clearly see price retained in a range.
  • #268
  • Sep 1, 2009 6:38am Sep 1, 2009 6:38am
Quoting hensch
Something else, skfx, has given us the white space hint several times.

What I gather is that he's referring to accumulation/distribution areas where you can clearly see price retained in a range.
Yeah that's the style on trade on 15m charts, there are clear range/accumulations and then moves to higher or lower levels where price continues to range. I've been trading conversely (some might say fighting it), I trade the ranges and noise!

I just placed a trade at 1.4292 long using the lvl2 info as guidance, my issue now is there are big news releases in 20 minutes... I don't generally like to keep trades open during those!
"I made all my money by selling too soon"
  • #269
  • Sep 1, 2009 6:49am Sep 1, 2009 6:49am
Again, this Futures market depth is interesting.

I keep seeing buy orders pile on, as if someone with serious buying power is trying to stop the current push upwards. I also notice 1 pip away a large order keeps popping in and out of view (doubling volume), perhaps in an attempt to 'scare' off the bulls?

I'm going dizzy.


edit: my hunch was right, those big orders just got removed and bang the bulls ran ahead 10 pips! This is seriously interesting.
"I made all my money by selling too soon"
  • #270
  • Sep 1, 2009 6:53am Sep 1, 2009 6:53am
EURUSD 4325, a resistance level by my account.

Bulls gunned in to this, carried forward 5 pips by what I believe would be stops, then retraced back 5 pips.
"I made all my money by selling too soon"
  • #271
  • Sep 1, 2009 6:58am Sep 1, 2009 6:58am
It's very interesting to see market depth, it shows how shorting the market at a key level only helps to fuel the fire.

Sure that might be obvious to some but to see it play out, in numbers, in real-time is very interesting.

Orders are piling up on the opposing side of this trend line at 25 dragging price slowly but surely further north, only for the shorts to exhaust and price retreats. It's just like a battlefield, a war of attrition.
"I made all my money by selling too soon"
  • #272
  • Sep 1, 2009 7:17am Sep 1, 2009 7:17am
Quoting Bleek
It's very interesting to see market depth, it shows how shorting the market at a key level only helps to fuel the fire.

Sure that might be obvious to some but to see it play out, in numbers, in real-time is very interesting.

Orders are piling up on the opposing side of this trend line at 25 dragging price slowly but surely further north, only for the shorts to exhaust and price retreats. It's just like a battlefield, a war of attrition.
Which broker you use to let you see the lvl2?
  • #273
  • Sep 1, 2009 7:28am Sep 1, 2009 7:28am
Quoting debitel
Which broker you use to let you see the lvl2?
I was just using the CME Futures link on this thread.
"I made all my money by selling too soon"
  • #274
  • Sep 1, 2009 8:09am Sep 1, 2009 8:09am
Quoting Bleek
I was just using the CME Futures link on this thread.
Bleek, are you watching Euro hammer back through 1.43 ?

Edit: Sorry everyone, i know that sounds like it should belong in Interactive Trading. All i am referring to is the chart i put up earlier and the levels i highlighted, particularly the thick red line.
  • #275
  • Sep 1, 2009 8:12am Sep 1, 2009 8:12am
Quoting AstonDan
Bleek, are you watching Euro hammer back through 1.43 ?

Edit: Sorry everyone, i know that sounds like it should belong in Interactive Trading. All i am referring to is the chart i put up earlier and the levels i highlighted, particularly the thick red line.
I went to the shop to come back to it.

... I think that's what they call stop gunning - lol!
"I made all my money by selling too soon"
  • #276
  • Sep 1, 2009 8:16am Sep 1, 2009 8:16am
Quoting Bleek
I went to the shop to come back to it.

... I think that's what they call stop gunning - lol!
LOL, i would agree. The important question is though, now those stops have been taken out and the cascade of liquidity has slowed, do you use the opportunity to go long at a discount?
  • #277
  • Sep 1, 2009 8:28am Sep 1, 2009 8:28am
You'd think so.... if price stopped going down!
"I made all my money by selling too soon"
  • #278
  • Sep 1, 2009 8:31am Sep 1, 2009 8:31am
Quoting Bleek
You'd think so.... if price stopped going down!
Yeah, well it had slowed when i posted
  • #279
  • Sep 1, 2009 8:40am Sep 1, 2009 8:40am
Quoting AstonDan
LOL, i would agree. The important question is though, now those stops have been taken out and the cascade of liquidity has slowed, do you use the opportunity to go long at a discount?
AstonDan,

I don't think that's the right frame of mind, so to say it. One thing is to find discount areas where long/short orders are being placed and another is to catch a falling knife.

The move is already in motion, now it's time to let it cool down and let them show their hands again.

However we have some interesting lessons to learn today with all that price bouncing (hint, hint, hint?)...

I still have to figure it out myself though...
  • #280
  • Sep 1, 2009 8:41am Sep 1, 2009 8:41am
Quoting hensch
AstonDan,

I don't think that's the right frame of mind, so to say it. One thing is to find discount areas where long/short orders are being placed and another is to catch a falling knife.

The move is already in motion, now it's time to let it cool down and let them show their hands again.

However we have some interesting lessons to learn today with all that price bouncing (hint, hint, hint?)...

I still have to figure it out myself though...
Thanks Hensch. Just getting my head around it

Having said that, price has hit last weeks lows, so wouldn't that qualify as a discount area where you would expect a cluster of long orders to be placed?
0 traders viewing now