DislikedI had a long and got margined 50% out by Oanda (on my 100 buck account lol). Ill be sticking to in and out shots risking a few %.Ignored
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DislikedI had a long and got margined 50% out by Oanda (on my 100 buck account lol). Ill be sticking to in and out shots risking a few %.Ignored
DislikedNot every move is defenders or hunters, there are other market participants that can move price.Ignored
Dislikedbut he said (not only in this thread) that is the rejection itself that show if there is defense.Ignored
DislikedWhen I hear about orderflow trading it makes perfect sense, a bunch of stops being hit will push price in that direction, Im not saying it is a holy grail or is easy to trade but it just fits with my way of thinking and I will be focusing all my efforts on it.Ignored
DislikedThere's absolutely nothing wrong with trading this way, thousands of traders have mastered skills like this (google it), but why choose an OTC to trade it on where you have no DOM, how many order flow traders are there trading spot? You're putting yourself at an unnecessary disadvantage even before you start, you're trading this strategy in the wrong market and it doesn't make any logical sense.
I'm sorry but speculating about where orders might be isn't order flow trading in it's traditional sense, it's an attempt to adapt a strategy...Ignored
DislikedI think the DOM is a red herring, you can use price action to confirm the information from your sources,if you find that price reacts and confirms your source, then you can observe and look for ways to capitalise on that. If that is not traditional Orderflow trading then it isn't, but arguing over semantics is a waste of time.Ignored
DislikedSources?
Anyway, you say you're using price action to confirm information from these sources, and calling DOM a red herring!! Seriously?
No offence but have you actually watched order flow traders in action (and I don't mean guessing where stops are!)? Please, just google it and watch a couple of youtube vids......Ignored
DislikedThere's absolutely nothing wrong with trading this way, thousands of traders have mastered skills like this (google it), but why choose an OTC to trade it on where you have no DOM, how many order flow traders are there trading spot? You're putting yourself at an unnecessary disadvantage even before you start, you're trading this strategy in the wrong market and it doesn't make any logical sense.Ignored
DislikedIt seems that in every one of your post include the statement that there is no DOM. There is.Ignored
Dislikedhave any of you ever thought of things in reverse? retail is always trying to figure out the "big boys". Do you think that they know where retail is at? I am not saying there is no useful info on ifr or the dom, but believe one thing if to many retail are one direction biased there has to be a shake out and that info is quite aval.
just food for thought.Ignored
DislikedNot quite every post!
I think you'll find there isn't anything reliable you could use for spot that would come anywhere close to DOM. But why try and devise something to emulate it, why not just use the real thing in another more suitable market, is size the problem?Ignored
DislikedTheir challenges do nothing to help anyone trying to learn this information and as such, will be going on my ignore list. I have better things to do with my time then read their nonsense...Ignored
DislikedCorrect me if I'm wrong, but I took the fall as an opportunity to accumulate more Euros at these lower prices. Here is how I am thinking about this. EU has fallen from the late last year highs because of the Greek crisis. Those who were long Euro's panicked and removed or lessened their stake in the currency. BUT, I see a message in the fact that the market has found support in this current range. It's almost as if the money has spoken to say "we don't like this Greece thing, but for now we don't think EU is worth less than ~$1.35USD.
Even if...Ignored
DislikedI have to be honest I'm watching this trade carefully. I didn't expect it to fall this far, but given the news I suppose it was inevitable. The Greek PM is behaving stupidly. I think a deal will still get done, but we may be in for a rocky road between now and then. If we get below 3400 I'm probably just going to cut the trade.
Having said that, I think your analysis is spot on. There is a great deal of buy interest at these levels and down to 3400, so it should be ok. We just need some good news and well be back up in the 37s or 38s in short...Ignored
DislikedFeel like I'm talking to myself now... But regarding IFR through Oanda, does anybody have trouble accessing the content of many of the news stories that Oanda FX news spits out?
Right now for example there is an Item with this headline: Order Board: Huge EU option expiry
But there is no content in the news window when you click on it.Ignored