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Order Flow - Achieving the mindset

  • #801
  • Mar 17, 2011 12:58pm Mar 17, 2011 12:58pm
Quoting CindyXXXX
NP Monroe - Sometimes its necessary to reiterate the simple things we may forget or take for granted along the way. I'm currently reading this macro economics book and going off on so many tangents that every now and then I need to do the same and bring things back to the OF fundamentals of the Who, What, Why, When, How.

The more you read the more you realize what a massive world it is in terms of finance and cash and equity flows but the good news is the more detailed and complicated it is the more potential opportunities there will be everyday.

My...
Good one man. Cool how you said you're getting a world map to place on your wall.. I have recently just did the same so that's weird... though I didn't even think to apply to trading and money flows... I just wanted to learn the world geography better lol. Nice....
  • #802
  • Mar 17, 2011 1:10pm Mar 17, 2011 1:10pm
Quoting Monroe
Good one man. Cool how you said you're getting a world map to place on your wall.. I have recently just did the same so that's weird... though I didn't even think to apply to trading and money flows... I just wanted to learn the world geography better lol. Nice....
Ha! Its a great way of visualizing things I've found... I've always been geographically retarded, until last week I couldn't tell you what the 5 continents were, and don't get me started on Countries ! (I know... as I said....Geographically Ignorant!). But I find myself suddenly very interested in these things...
Time hides Nothing
  • #803
  • Mar 17, 2011 1:24pm Mar 17, 2011 1:24pm
Long story short, I was joking and poking fun at the expense of facebook afficionados.

Quoting CindyXXXX
I think it would more debilitating being on there with the amount of time I already spend on the net I don't need more reasons to log on.

Yes everyone has a facebook that makes me not want one more. I don't see what the big deal is really. Everyone I know is on there but I don't need to be on there to know them lol and yes they think Im weird for not making a page as well... On the flip side everyone I don't want to know is also on there so the decision isn't a hard one.

Why I feel the need to explain myself to you I'm not sure but I think it...
  • #804
  • Mar 17, 2011 1:31pm Mar 17, 2011 1:31pm
Quoting shiva
Long story short, I was joking and poking fun at the expense of facebook afficionados.
Hey Shiv

No qualms here man, I thought you were joking but it could be read another way so was just covering both bases! Sorry I misread...

Believe me its not my first run in with the facebook army lol... They're quite a big mob and have agents stationed EVERYWHERE! I have the scars to prove it
Time hides Nothing
  • #805
  • Mar 17, 2011 2:45pm Mar 17, 2011 2:45pm
Interesting post from Darkstar:


some asked: How do you determine market direction?

Quoting Darkstar

You don't.

Unless or until you can account for every factor that influences price, you have no way of knowing exactly where price is headed. Your only opportunity for long term profit is to find something that occurs frequently enough to have a system designed around it. Once that system is designed you have nothing to worry about beyond taking each and every trade the system indicates you should.

Someone posted this as well, I forget where, but I found it looking through Gaston's posts awhile ago...

Quote
There's a great post by Merlin somewhere (wish I could find it), where he states that the best way to develop a system is to first find a pattern/phenomenon that you believe to be a recurring inefficiency, and only then use the historical data to prove your assumption. As opposed to starting with the historical data and simply fitting a system around it.
  • #806
  • Mar 17, 2011 3:32pm Mar 17, 2011 3:32pm
Monroe.. It's nice to see, you really got your shit together man! Keep on keeping on! Always love your posts!

Take care guys (why aren't there any order flow female traders?)
  • #807
  • Mar 17, 2011 3:37pm Mar 17, 2011 3:37pm
Quoting Carnegie
Monroe.. It's nice to see, you really got your shit together man! Keep on keeping on! Always love your posts!

Take care guys (why aren't there any order flow female traders?)
Carnegie... what's up bro... good thread you have here... just trying to keep it moving.

btw, there was just one chick that popped in here the other day actually... a DS fan... but triger dude scared her off... lol jk triger....
  • #808
  • Mar 17, 2011 4:35pm Mar 17, 2011 4:35pm
Quoting eurotrash
Yeah when it was happening I was thinking about how it was just like the flash crash... grabbed a few hundred pips this evening.
Yeah, wasn't so hard.
Well done.
  • #809
  • Mar 17, 2011 4:41pm Mar 17, 2011 4:41pm
So to all the order flow traders. If the UN signs the resolution today how will the market react to a UK airstrike on Libya if it goes through. Any thoughts to this scenerio.
  • #810
  • Edited 5:32pm Mar 17, 2011 5:20pm | Edited 5:32pm
This is what i have learn i look at the DOM for price movement and wait to see a pattern if i see that the sell is stronger i position my mind on the sell side but i look for clues like contract on the ask and the bid if the ask is stronger and the bid is weaker then i feel more secure about going short. But the key is volume at the sell side if you see big order getting hit and taking out the bid and the price star moving down i jump in with the flow and try to grab 1,2 and 3 tick the most and a very close stop if i am wrong. If i am then i will loose the most 1 2 or 3 ticks. For me the pattern are S/R at the price where price stop that where i focus the most to see who is in control. I been very profitable so far my mind is alway thinking it take a whole bunch of money to move the market one tick.
  • #811
  • Mar 17, 2011 5:44pm Mar 17, 2011 5:44pm
i do no use the chart i scalp using the DOM only and no indicators
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  • #812
  • Mar 17, 2011 6:40pm Mar 17, 2011 6:40pm
Quoting Monroe
Carnegie... what's up bro... good thread you have here... just trying to keep it moving.

btw, there was just one chick that popped in here the other day actually... a DS fan... but triger dude scared her off... lol jk triger....
haha,i would laugh if she replies to ur post

does anyone remember trigger from only fools and horses tv show?
that guy was a crack up,acting as real dummass
  • #813
  • Mar 17, 2011 6:44pm Mar 17, 2011 6:44pm
Quoting Louie
So to all the order flow traders. If the UN signs the resolution today how will the market react to a UK airstrike on Libya if it goes through. Any thoughts to this scenerio.
well they aint gonna bomb the oil rigs for sure,thats the only reason nato is there ,for the oil
see all these nato guys they only come to police resource rich countries,but for poor countries like sudan who have nothing,where 100000s of thousands of ciivilians have died,they dont do shit to help
  • #814
  • Mar 17, 2011 7:03pm Mar 17, 2011 7:03pm
usdjpy wtf???
  • #815
  • Mar 17, 2011 7:06pm Mar 17, 2011 7:06pm
$$$$$$$$$$$$$
  • #816
  • Mar 17, 2011 7:55pm Mar 17, 2011 7:55pm
Hoping for a Wave 2 after MM's rebalance themselves...let's see how many of the CB's are going to pitch in...
  • #817
  • Mar 17, 2011 7:56pm Mar 17, 2011 7:56pm
Seller are stronger
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  • #818
  • Mar 17, 2011 8:00pm Mar 17, 2011 8:00pm
Quoting dragan53
haha,i would laugh if she replies to ur post
For what its worth... I don't think she is real. Girls that perfect just dont exist.
  • #819
  • Mar 17, 2011 8:15pm Mar 17, 2011 8:15pm
Quoting redbaron1981
$$$$$$$$$$$$$
Can we say big bank intervention.
  • #820
  • Mar 17, 2011 8:20pm Mar 17, 2011 8:20pm
Quoting fabreu30
Seller are stronger
Sitting ducks..maybe they haven't had time to adjust their orders as yet..we must remember the time of the session. Also note that you are looking at a futures DOM, so don't take everything you see on there to be matched by equivalent orders on the spot market.

If anything it gives me more reason to buy behind them when their stops get triggered..this is a very obvious black and white scenario when we know who the weaker hand is..

Regards,
xXTrizzleXx
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