Private message me for a link to my order flow website.
- Joined Nov 2007 | Status: Conscious Incompetence | 3,274 Posts
Don't wish it were easier, wish you were better. ~ Jim Rohn
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DislikedThats a pretty subjective statement given the not-so-well-defined concept of "order flow"Ignored
DislikedIs it subjective because like Darkstar said orderflow trading is a mindset. Even if you are an orderflow trader you still need to mold that style of trading to fit your personality.
Just as each technical analysis trader has his own way of entering and exiting trades so do orderflow traders. You can have 10 orderflow traders and they each consume liquidity at various points throughout the day/week. Some of them can be in competition with each other for the liquidity, some of them aren't.
Again it is subjective because if you asked orderflow...Ignored
DislikedVery interesting, thank you.
Can I ask you some questions? What was your education and occupation before becoming a successful trader? And, can you recommend any useful reading?
Regards, LeonIgnored
DislikedYeah I think we are about done with the reading part. I think it is time to observe and act. I think this is the only way we are going to get there.Ignored
DislikedI should have elaborated.
Reading on testing an edge, interpreting fundamentals and economic factors, maybe something on correlation. There are plenty of other blank spots in my knowledge. For those of us who who have commitments during prime trading times, at least for now, reading is all we can really do.
EDIT: The more I think about it the more ludicrous it reads; done with reading? I very much doubt it.Ignored
DislikedAnd one thing I need to mention is many of you guys must realize a 'candle' in itself is meaningless. It is just arbitrary points in time that we choose to label as 'open' and 'close'. Whats the difference between a 'pin bar' and a bar that opens low and closes high with a following bar that opens high and closes low?Ignored
DislikedI think that some of you complicate the matter too much and the reason for that is that you are searching for the holy grail or a method that will multiply your account very fast. Or a way to eliminate the boredom associated with entering a few trades every month which increase your account 2-3%.Ignored
DislikedAnd Mike, Darkstar pupil said that uses only Price Action nowadays.Ignored
DislikedYou have a quote somewhere to back that up? I just talked to him last week and he gave me a different impression.Ignored
Dislikedto go back to DS chart, he bought A/U at around 0.8650
but I feel the chart has nothing to do with that trade.....turmoil about Greece but that will all blow over......do you really think that the euro countries will let Greece fail??...........but in the meantime the price is dropping like a stone...........when price is near the bottom, wouldn`t you buy?Ignored
Dislikedmaybe i am wrong in the "nowadays" He ssaid this to me at the end of 2008, i think. But he said more recently (in the Beind oder flow thread maybe? I don't remember") that was good to know everythink he knows but it was not necessary to trade profitable.
EDIT: BTW, i am only revealing what he said to me in pm because he said in public too.
what he said is that he was not trading this due the TIME necessary to trade this way. I don't knwo if now he have time again and is trading thiis style.Ignored
DislikedEff it, 2m Eur/usd buy at 1.3673, tp at 1.4200, no stop. I'll put my money where my mouth is. Wish me luck...Ignored
DislikedOne can never know if you’re right or wrong until after the fact. Looking at the euro I think shorting for any length of time is extremely dangerous. I can't tell you why but that daily chart looks like it wants to turn up. I see a 4200 print in our future.Ignored