maybe he can direct us to which website that was. is it the one on this post (http://www.forexfactory.com/showpost.php?p=3089424&postcount=599)? ok, thanks.
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
DislikedI don't know if they do. If SKFX emphasizes the speed factor, I assume he is watching time and sales/DOM in realtime and acting quickly on his observations. Time and sales IS orderflow. Depth of market is possible orderflow- a glimpse on the currently available liquidity/trading options. I think these guys use simple futures data to do their analysis, and laugh and laugh when they see us searching for something that does not exist; a chasing of the wind. I read a very intreaging research paper tonight that has convinced me of this.
Gaston said...Ignored
Dislikedthat is a link of an expired session; that is, Limstylz gave a link to the website during his particular visit to that website.
maybe he can direct us to which website that was. is it the one on this post (http://www.forexfactory.com/showpost.php?p=3089424&postcount=599)? ok, thanks.Ignored
DislikedYou may be right, I don't know.....could be under my nose, hell I could be doing some of it.. I don't know...
I just know I found things that worked well for me so much so that I gave up on that hunt a long time ago, but always wondered what they were looking at...Ignored
QuoteDislikedI would be curious to know how they determine bids from asks with a spot feed. If they are simply using tick counts, it's probably not good enough, and I doubt they are doing anything other than that. But if you are plugged into futures data, which is highly transparent, you could get bidXask counts that were much more accurate.
QuoteDislikedI talked to a guy at a brokerage in Chicago a while back about the Market Delta fx futures feed and he said they get all relevent trade info down to individual buy and sell initiated trades.
DislikedYeah, even simply watching volumes in market delta at the bids and asks..........Ignored
DislikedIf you think about it, even the dealers at the biggest banks can only know so much......Ignored
DislikedI don't know if they do. If SKFX emphasizes the speed factor, I assume he is watching time and sales/DOM in realtime and acting quickly on his observations. Time and sales IS orderflow. Depth of market is possible orderflow- a glimpse on the currently available liquidity/trading options. I think these guys use simple futures data to do their analysis, and laugh and laugh when they see us searching for something that does not exist; a chasing of the wind. I read a very intreaging research paper tonight that has convinced me of this.
Gaston said...Ignored
QuoteDislikedTo trade order flow you need data from outside the chart. Level 2, a brokers orderbook, a service that gives you info about brokers orderbooks, etc. There is a fuckton of money to be made from orderflow trading if you know what your doing, but you need the datafeed.
And no, I won't tell you where to get a datafeed. Some things are better off not being shared.
DislikedA service that gives info about brokers orderbooks. I'll take issue with Darkstar on his last statement. I believe he actually has revealed what service he uses but in the spirit of maintaining the "mystery" you'll have to do a search on his posts to find it.Ignored
QuoteDislikedWe've already brought up IFR Markets, is that what you are referring to? In all honesty, I really hope Darkstar and the others are not dependent on some service. What happens when this little man quits whispering secrets in your ears? Nothing good ever lasts, especially something like this, if it is infact what they rely on.
DislikedWe've already brought up IFR Markets, is that what you are referring to? In all honesty, I really hope Darkstar and the others are not dependent on some service. What happens when this little man quits whispering secrets in your ears? Nothing good ever lasts, especially something like this, if it is infact what they rely on. Good traders have control of what they are doing, they are certainly not dependant on some service that could vanish tomorrow.
I think that trading orderflow is a skill that starts with a thorough understanding of the market...Ignored
DislikedYes exactly, but Limit Orders are also not guaranteed as the market may turn before price reaches it.
Guru Larry says " Well informed traders tend to submit market orders rather than limit orders...as they subject the limit order traders to adverse selection".
Its all about Fast Trader's (Skfx). The fast traders will get in before the limit orders if these limit orders are on the right side of the market. Therefore the limit orders may never get filled. Its the fast informed traders competing with the slower informed traders.
Trading...Ignored
DislikedAs orderflow is obviously the reason for all price action in the market ie pinbar formation bouncing off support etc etc it is easy to say that that is the reason why the pinbar formed, of course it is ..orderflow leads to price action.
What I'm trying to say here is that I think the way the OP is using the word orderflow is misleading as there is no evidence in any of his posts to suggest that he is reading it.
If I wanted to teach people about orderflow why would I post charts?
If I wanted to teach people about PA which results from orderflow...Ignored
DislikedI think that's where the confusion started, people took 'read order flow' in the literal sense, a kind of viewable book with all the orders in, people are downloading fx futs demo platforms and forex spot demo platforms with broker's Level 2 data for crissakes
I agree that the probable places for orders are on the charts but it still leaves a question mark over the statement the OP made, "you don't need the charts believe me" (http://www.forexfactory.com/showthread.php?p=3001996#post3001996), and I think that's where all this...Ignored
Disliked
You may not literally be able to read orderflow (in forex), but you can interpret it through charts.Ignored
DislikedI dunno how much value it would be though, it's just a discretionary guess and couldn't be traded on, there's absolutely no complete data for an OTC market like forex. I suppose tick volume might help if you knew how to interpret it, but where is a reliable source?
Way too many variables here, what rates are you seeing? Indicative rates / price changes? Deals? What???
....and way too much mystery and intrigue...."I know but I ain't telling"....yeah, right!Ignored
DislikedWhen I said interpret through charts I meant, support/resistance, pinbars, patterns and such.Ignored
DislikedWhen I said interpret through charts I meant, support/resistance, pinbars, patterns and such.Ignored