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Book about bull/bear pressure or order flow

  • #1
  • First Post: Jan 7, 2011 10:02am Jan 7, 2011 10:02am
Hey guys, I hope someone can help me out. I'm searching for a book/articles/.. about the order flow in the market, or a book about the strength of bulls/bears at a certain time (or something similiar). By order flow I mean the reasons why price moves, for e.g. because stops are triggered or people taking profits. This correlates directly with the strength/pressure of bulls and bears. For example if dozens of peoples take profit on longs a bunch of sell orders get triggered, meaning bearish pressure. I really hope you have some ideas in mind or any stuff about that which you advise to read. Greetings -mike
I'm getting there ... slowly
  • #2
  • Jan 7, 2011 10:45am Jan 7, 2011 10:45am
Quoting miketoll
Hey guys,...
You need a book about "market microstructure", which is the term for such things.

http://www.amazon.com/s/ref=nb_sb_no...ucture&x=0&y=0

Congratulations for actually wanting to inform yourself, and not only relying on forums hearsay.
  • #3
  • Jan 7, 2011 11:05am Jan 7, 2011 11:05am
thank you sooo much Adal. I though there was a term for it. I did my best to describe it Any other opinions?
I'm getting there ... slowly
  • #4
  • Jan 7, 2011 11:06am Jan 7, 2011 11:06am
After that book you may want to check out Time Compression Trading - it's not a textbook like T&E but a person's POV on the markets from an order flow perspective. You may or may not agree with all he says but a lot of it is good.

BTW have you read Markets and Market Logic that MrGreen recommended to you awhile back? Personally I think it should be read after T&E.
  • #5
  • Jan 7, 2011 11:56am Jan 7, 2011 11:56am
Quoting eurotrash
After that book you may want to check out Time Compression Trading - it's not a textbook like T&E but a person's POV on the markets from an order flow perspective. You may or may not agree with all he says but a lot of it is good.
Thanks for that book, it's "The Illusion of Technical Analysis" chapter is interesting, hoping all the book is the same.
  • #6
  • Jan 7, 2011 12:06pm Jan 7, 2011 12:06pm
Quoting eurotrash
After that book you may want to check out Time Compression Trading - it's not a textbook like T&E but a person's POV on the markets from an order flow perspective. You may or may not agree with all he says but a lot of it is good.

BTW have you read Markets and Market Logic that MrGreen recommended to you awhile back? Personally I think it should be read after T&E.
Thank you eurotrash. No i didn't read any of them, but will do now. MrGreen recommended to read Markets & Market Logic before T&E, not after. You recommended to switch the order!?
I'm getting there ... slowly
  • #7
  • Jan 7, 2011 2:28pm Jan 7, 2011 2:28pm
Quoting Adal
Thanks for that book, it's "The Illusion of Technical Analysis" chapter is interesting, hoping all the book is the same.
I thought the first two sections were very good, especially the part about losers in a zero sum market. My thoughts on technical analysis are already very clear (it's bullshit - but useful, from certain perspectives), but it's nice to see others thinking the same. The other two sections were where I disagreed with some premises but overall it's very good.

Quoting miketoll
Thank you eurotrash. No i didn't read any of them, but will do now. MrGreen recommended to read Markets & Market Logic before T&E, not after. You recommended to switch the order!?
Yeah, I read T&E first and then Market Logic, and I think that's the order it should be in - facts first, then theory (you need the facts first in order to interpret the theory in a factual context).
  • #8
  • Jan 7, 2011 2:52pm Jan 7, 2011 2:52pm
Quoting eurotrash
I thought the first two sections were very good, especially the part about losers in a zero sum market. My thoughts on technical analysis are already very clear (it's bullshit - but useful, from certain perspectives), but it's nice to see others thinking the same. The other two sections were where I disagreed with some premises but overall it's very good.
Richard Olsen from Oanda talks about the same things (in the How to Trade booklet). What this book calls "forced liquidation" is equivalent with Olsen's "price cascades". He also talks about analyzing what the players in the market do on different time-frames (and time-zones) and tracking their positions so that you can predict when they will act.
  • #9
  • Last Post: Jan 8, 2011 10:11am Jan 8, 2011 10:11am
Quoting miketoll
Hey guys, I hope someone can help me out. I'm searching for a book/articles/.. about the order flow in the market, or a book about the strength of bulls/bears at a certain time (or something similiar). By order flow I mean the reasons why price moves, for e.g. because stops are triggered or people taking profits. This correlates directly with the strength/pressure of bulls and bears. For example if dozens of peoples take profit on longs a bunch of sell orders get triggered, meaning bearish pressure. I really hope you have some ideas in mind or any stuff about that which you advise to read. Greetings -mike
I think our own ForexFactory member Darkstar is about to finish his book on this very subject. Given the reputation that he has in here explaining market microstructure and order flow trading and, more importantly, his practical approach to it, i think this could be an interesting one.

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