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Order Flow - Achieving the mindset

  • #1,341
  • Apr 12, 2011 6:52pm Apr 12, 2011 6:52pm
Quoting redbaron1981
It would be very easy to design a structured program to train traders. I have actually used the methods I learned of teaching divers to teach other subjects and the results have been very positive. Maybe when I get back home I may put a few thoughts together in another thread.
Good luck guys.
The 2nd set of turtles only had 2 weeks of training (the first set 3 weeks) to learn all the basics. The rest was having them execute the orders, but some still failed when 100% of everything they needed to know was handed to them.

Overall I agree, you can easily teach someone the basics of trading very quickly and easily, can they perform under pressure is whole nother story.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #1,342
  • Apr 12, 2011 7:01pm Apr 12, 2011 7:01pm
Quoting Darkstar
Just an FYI for anyone who missed it, I started adding all my Classic Forum Posts to the blog. I figured if you guys were going to read them over and over again, it might make sense to organize them neatly in one place.
I started on them on your site last next a few times.

thank you for that!

Simple
A woman drove me to drink, and I forgot to thank her
  • #1,343
  • Apr 12, 2011 7:11pm Apr 12, 2011 7:11pm
Quoting simpleguy
I started on them on your site last next a few times.
wut

  • #1,344
  • Apr 12, 2011 7:22pm Apr 12, 2011 7:22pm
Quoting capitalist88
wut

  • #1,345
  • Apr 12, 2011 7:53pm Apr 12, 2011 7:53pm
Quoting Darkstar
Inserted Video
  • #1,346
  • Apr 12, 2011 10:43pm Apr 12, 2011 10:43pm
Quoting Scotty B
http://www.youtube.com/watch?v=JwbUCI9bEvA
LOL
  • #1,347
  • Apr 12, 2011 11:21pm Apr 12, 2011 11:21pm
Question about Mergers and Acquisitions to anyone who follows this type of stuff:

Regarding the Schneider/Tyco bid. Schneider is a French company, Tyco is based in Switzerland but listed in the US so assuming this deal went through, would it only effect EUR/USD or also effect EUR/CHF?
  • #1,348
  • Apr 12, 2011 11:21pm Apr 12, 2011 11:21pm
Quoting Darkstar
Sure let me add it to list of 10,000 other things I have to do right now.

Let me see if I can put something together this weekend...
Hey DS, can I bump this post? I know everyone that has been reading this thread are looking forward to a book from you and would really like to know which books lit the path for you?
  • #1,349
  • Apr 12, 2011 11:26pm Apr 12, 2011 11:26pm
Quoting beachallstar
Hey DS, can I bump this post? I know everyone that has been reading this thread are looking forward to a book from you and would really like to know which books lit the path for you?
If you read his past posts he has brought up several books to read. I'd just give you list, but what fun would that be?

Ok so I'm not considered a complete jerk, one he mentioned was The Way of the Dollar. I am reading it and it's a good book IMHO.
  • #1,350
  • Apr 12, 2011 11:36pm Apr 12, 2011 11:36pm
Quoting Jimmy Jones
If you read his past posts he has brought up several books to read. I'd just give you list, but what fun would that be?

Ok so I'm not considered a complete jerk, one he mentioned was The Way of the Dollar. I am reading it and it's a good book IMHO.
yup... trading and exchanges by larry harris, reminiscences of a stock operator, trade your way to financial freedom seem like they would be on the list too... pring on price patterns.... basic economics by thomas sowell....
  • #1,351
  • Apr 12, 2011 11:45pm Apr 12, 2011 11:45pm
Quoting havaiana
Question about Mergers and Acquisitions to anyone who follows this type of stuff:

Regarding the Schneider/Tyco bid. Schneider is a French company, Tyco is based in Switzerland but listed in the US so assuming this deal went through, would it only effect EUR/USD or also effect EUR/CHF?
I heard a bit about this deal earlier today, seems quite large 30bil or so?

I've read on forexlive about how they could be using the crosses for M&A's yea... those two pairs probably being the ones in this case.
  • #1,352
  • Apr 13, 2011 12:03am Apr 13, 2011 12:03am
Quoting Monroe
I heard a bit about this deal earlier today, seems quite large 30bil or so?

I've read on forexlive about how they could be using the crosses for M&A's yea... those two pairs probably being the ones in this case.
Would definitely cause some ripples if it goes ahead

Forexlive only mentions the EUR/USD cross in relation to this. I guess my question is, if a company (that is based in a different country than it is listed) is bought out will it only be the currency where the company is listed that is bought or will it also increase demand for the currency where the company is based? I've been trying to find the answer to this without much luck.
  • #1,353
  • Apr 13, 2011 12:09am Apr 13, 2011 12:09am
Quoting havaiana
Would definitely cause some ripples if it goes ahead

Forexlive only mentions the EUR/USD cross in relation to this. I guess my question is, if a company (that is based in a different country than it is listed) is bought out will it only be the currency where the company is listed that is bought or will it also increase demand for the currency where the company is based? I've been trying to find the answer to this without much luck.
To be honest I am not sure. Just know that this could cause some weight on the euro and thats as far as I take it, watch for more on the deal while keeping your eye on everything is that's going on.

I was referring to old posts from Jamie Coleman where he was discussing crosses on M&A deals maybe a month or two ago... don't remember.. but not this specific deal.
  • #1,354
  • Apr 13, 2011 12:18am Apr 13, 2011 12:18am
Quoting Monroe
I heard a bit about this deal earlier today, seems quite large 30bil or so?

I've read on forexlive about how they could be using the crosses for M&A's yea... those two pairs probably being the ones in this case.
Hmmm... Interesting experiment to watch for...
Do your time and enjoy the ride...
  • #1,355
  • Edited 12:56am Apr 13, 2011 12:24am | Edited 12:56am
also... I have no idea about this BUT... sunday/monday night we had that really shitty range session on EU with large option expireys at 4450 and rumors of a swiss name selling a lot around 4465/70 or so.... could it be linked? no idea though....

edit: coming through on the DJ wires is that Schneider electric not in discussion with Tyco on "potential strategic transaction" and no further comment on the matter.
  • #1,356
  • Apr 13, 2011 4:26am Apr 13, 2011 4:26am
Quoting Monroe
also... I have no idea about this BUT... sunday/monday night we had that really shitty range session on EU with large option expireys at 4450 and rumors of a swiss name selling a lot around 4465/70 or so.... could it be linked?
Liquidity pen.
  • #1,357
  • Apr 14, 2011 11:52am Apr 14, 2011 11:52am
Fantastic Thread - Helping me a lot...

I have put together a pdf that hopefully gives an overview of the Basic Composition of Order Flow, from the understanding that I have gained from this thread (plus others here at FF) over the last few days.

My ideas could be completely wrong, but am hoping for some feedback from people who understand it fully.

Also Darkstar, the posts that you have cut and added to your website are very good.

Thank you very much.

PS Darkstar - Although a latecomer to the party, if I could jump on your list for book, that would be much appreciated. Am very interested.
Attached File(s)
File Type: pdf Basic Composition of Order Flow.pdf   95 KB | 857 downloads
  • #1,358
  • Apr 14, 2011 1:26pm Apr 14, 2011 1:26pm
I guess this is where the road ends.
.
  • #1,359
  • Apr 14, 2011 2:42pm Apr 14, 2011 2:42pm
Quoting nasir.khan
I guess this is where the road ends.
.
no nasir.... there is a long road ahead of us...
  • #1,360
  • Apr 14, 2011 3:49pm Apr 14, 2011 3:49pm
Quoting Monroe
no nasir.... there is a long road ahead of us...
Based on your posts in the "Smexy Trades" thread, I think you're pretty well down the road

On a side note, if you keep posting your trades there, I'm eventually going to figure out how you decide which levels to fade and which levels you pass on.
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