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Order Flow - Achieving the mindset

  • #1,401
  • Apr 18, 2011 10:13am Apr 18, 2011 10:13am
Have tried to research things a bit, still unsure. How important is it to study order flow if you are using Oanda w a $2500-5000 account. From what I understand Oanda is mainly small traders and the their internal data just reflects Oanda's positions. So how will studying large market orders affecty or not affect the relatively closed system I am trading in w/ oanda. I have been trading demo and live for a year now, finally starting to make a bit of profit, I am using price action, channels etc, w/ minimal indicators. Anything I have ever achieved outside of trading has been because I consider myself a student, I want to be a student of forex. However order flow may not be relevant w my oanda account. If so, do I need to use a different approach toi study this topic. Thanks for any help.
  • #1,402
  • Apr 18, 2011 11:18am Apr 18, 2011 11:18am
Quoting Salestrainer
Have tried to research things a bit, still unsure. How important is it to study order flow if you are using Oanda w a $2500-5000 account. From what I understand Oanda is mainly small traders and the their internal data just reflects Oanda's positions. So how will studying large market orders affecty or not affect the relatively closed system I am trading in w/ oanda. I have been trading demo and live for a year now, finally starting to make a bit of profit, I am using price action, channels etc, w/ minimal indicators. Anything I have ever achieved...
If your trading, order flow is paramount.
  • #1,403
  • Apr 18, 2011 11:20am Apr 18, 2011 11:20am
Quoting Salestrainer
Have tried to research things a bit, still unsure. How important is it to study order flow if you are using Oanda w a $2500-5000 account. From what I understand Oanda is mainly small traders and the their internal data just reflects Oanda's positions. So how will studying large market orders affecty or not affect the relatively closed system I am trading in w/ oanda. I have been trading demo and live for a year now, finally starting to make a bit of profit, I am using price action, channels etc, w/ minimal indicators. Anything I have ever achieved...
Retail brokers' prices are interbank prices (except some inefficiencies and misprices), so Oanda and any other broker's prices reflect interbank prices. You cannot directly move the market as a retail, even if you put on large enough orders.
Or at least this is as I understand it.
  • #1,404
  • Apr 18, 2011 2:08pm Apr 18, 2011 2:08pm
order flow to me is like dancing just follow the flow of the market. The way i trade Order flow
1. i look at the chart let say the EU
2. i check the daily Time Frame
3. i check the market pulse
4. i synchronize with the market
5. i place my trade on a 5 minute chart.
  • #1,405
  • Apr 18, 2011 3:07pm Apr 18, 2011 3:07pm
I will probably be preparing some sort of order flow guide, or series of articles to help people become an order flow trader. I would appreciate it if you guys would send in questions that you have. It has been many years since I underwent the order flow transformation and I do not remember every little detail I was struggling with at the time. So if you guys can send in your questions to me that would be a big help in me creating the guide. You can private message them to me.

No question is too dumb to send to me. You can ask me anything about order flow, news trading, fundamental value, liquidity, liquidity distribution, mindset, market sentiment, economics, politics, market bias, order flow generators, entries, exits, how to interpret news/articles correctly, stops, trade examples that I may have posted in the past, market sensitivity, global macro, why the market is moving, books, articles, videos you have read/saw that you have trouble understanding the meaning, various market participants, emotions, pain tolerance points, coping with information overload, orderflow habits, overcoming the confidence gap. Things like that.

That will help me in structuring the guide much better. Instead of throwing darts on a board and hoping to write the proper article that you can understand, you can send me your questions about the things you are having trouble with. I am not all knowing and cannot answer every question, but I have accumulated a lot of knowledge over the years that I would be willing to share some more of it in the near future.

So if you have a question, some part you are stuck on, send me a private message.
Private message me for a link to my order flow website.
  • #1,406
  • Edited 4:57pm Apr 18, 2011 4:13pm | Edited 4:57pm
Quoting Salestrainer
Have tried to research things a bit, still unsure. How important is it to study order flow if you are using Oanda w a $2500-5000 account. From what I understand Oanda is mainly small traders and the their internal data just reflects Oanda's positions. So how will studying large market orders affecty or not affect the relatively closed system I am trading in w/ oanda. I have been trading demo and live for a year now, finally starting to make a bit of profit, I am using price action, channels etc, w/ minimal indicators. Anything I have ever achieved...
Oanda is making a market for you and the other traders that trade with them, but it's my understanding the prices come from the interbank market. Meaning oanda prices HAVE TO follow the real market. What moves the real market? Orders!

I'm trading a $1.69 account through oanda right now, and I am trying to understand order flows.

To me it sounds like you may have already answered your question with the way you presented it.
  • #1,407
  • Apr 18, 2011 4:51pm Apr 18, 2011 4:51pm
Quoting grkfx
I will probably be preparing some sort of order flow guide, or series of articles to help people become an order flow trader. I would appreciate it if you guys would send in questions that you have. It has been many years since I underwent the order flow transformation and I do not remember every little detail I was struggling with at the time. So if you guys can send in your questions to me that would be a big help in me creating the guide. You can private message them to me.

No question is too dumb to send to me. You can ask me anything about...
Great thread! Someone recommended I read this thread. I have a lot of reading to do, I need to get up to speed before I start asking questions. I just wanted to say I will be looking forward to following along, as I find the topic of order flow crucial for trading. I have difficulty distinguishing “old business” from “new business” I’m hoping a better understanding of order flow will help me get a better understanding. I have lots of reading to catch up on, and again, I looking forward to following along!
Markets are not efficient, rather they are effective - Jones
  • #1,408
  • Apr 18, 2011 6:35pm Apr 18, 2011 6:35pm
Okay so I think this would be a good exercise to help us with orderflow.

Take a look at the GBP/USD today from just before 9am until around 12pm.

What happened to cause all of that volatility. Why were people trading? It ended up pretty much flat for the day, so was that an inefficient market?
  • #1,409
  • Edited 7:20pm Apr 18, 2011 6:43pm | Edited 7:20pm
Quoting Nervousone
Okay so I think this would be a good exercise to help us with orderflow.

Take a look at the GBP/USD today from just before 9am until around 12pm.

What happened to cause all of that volatility. Why were people trading? It ended up pretty much flat for the day, so was that an inefficient market?
that was the S&P warning downgrading US gov't outlook to negative... so why do you think prices behaved that way? using your micro-structure and orderflow knowledge...
  • #1,410
  • Apr 18, 2011 7:47pm Apr 18, 2011 7:47pm
Quoting Monroe
that was the S&P warning downgrading US gov't outlook to negative... so why do you think prices behaved that way? using your micro-structure and orderflow knowledge...
Let me try this one. The first leg of GBP shooting upward was due to the downgrading of the gov't outlook. The second leg of GBP falling or USD gaining was due to the risk aversion in the equity markets. And finally when all the dust settled, GBP went up again marching towards the fundamental value. This final move was also in line with GBP's long term outlook against USD.

Thanks.
  • #1,411
  • Apr 18, 2011 7:59pm Apr 18, 2011 7:59pm
Quoting pillager
Let me try this one. The first leg of GBP shooting upward was due to the downgrading of the gov't outlook. The second leg of GBP falling or USD gaining was due to the risk aversion in the equity markets. And finally when all the dust settled, GBP went up again marching towards the fundamental value. This final move was also in line with GBP's long term outlook against USD.

Thanks.
I was thinking more along the lines of liquidity and orders...

bedtime for me...
  • #1,412
  • Apr 19, 2011 1:23am Apr 19, 2011 1:23am
Quoting scott89
You cannot directly move the market as a retail, even if you put on large enough orders. Or at least this is as I understand it.
Agreed, however I think that good profitable traders would indirectly make their dealer alter their position on the real market and thereby affect price movement.
  • #1,413
  • Apr 19, 2011 1:42am Apr 19, 2011 1:42am
Anybody else think that eur is now at bargain price to buy?

They are getting more hawkish day after day. IMO it is only a matter of time when some positive commentary about Greece situation will show up.... 1.425 looks juicy.
  • #1,414
  • Apr 19, 2011 1:56am Apr 19, 2011 1:56am
Quoting Greenhaze
Anybody else think that eur is now at bargain price to buy?

They are getting more hawkish day after day. IMO it is only a matter of time when some positive commentary about Greece situation will show up.... 1.425 looks juicy.
Just did, got a nice 30 pip pop on it in the E/CHF!

The E/U bounced up and down a few times. First time I recognized it as order flows where orders and stops were getting hit and was able to game it. made me feel good considering it just came out of the blue and I just traded it.
A woman drove me to drink, and I forgot to thank her
  • #1,415
  • Apr 19, 2011 2:06am Apr 19, 2011 2:06am
Quoting simpleguy
Just did, got a nice 30 pip pop on it in the E/CHF!

The E/U bounced up and down a few times. First time I recognized it as order flows where orders and stops were getting hit and was able to game it. made me feel good considering it just came out of the blue and I just traded it.
Nice one Simpleguy . We've got better french pmi and bullish hourly outside bar. I wonder how many buy stops sit above the 1.4250 res. We need a good Greece-related trigger now...
  • #1,416
  • Apr 19, 2011 2:37am Apr 19, 2011 2:37am
Quoting Greenhaze
Nice one Simpleguy . We've got better french pmi and bullish hourly outside bar. I wonder how many buy stops sit above the 1.4250 res. We need a good Greece-related trigger now...
I'm waiting to see what happens at the 1.4260 range, looks like we will find out now that it's breaking. personally would like to see it hit that hourly S from on the way down and use the reversing momentum to push way back south past everything. all the SL and other orders on the other side of the range will give us a big helping hand for success!
A woman drove me to drink, and I forgot to thank her
  • #1,417
  • Apr 19, 2011 10:20am Apr 19, 2011 10:20am
Hi guys,

A very good thread indeed,I have been following for quite sometime.

Just wonder if there is any way we could spot possible option barrier level with chart? maybe from a sharp price rejection on 00 level or others?

Alex
  • #1,418
  • Apr 19, 2011 10:24am Apr 19, 2011 10:24am
Quoting alex2412
Hi guys,

A very good thread indeed,I have been following for quite sometime.

Just wonder if there is any way we could spot possible option barrier level with chart? maybe from a sharp price rejection on 00 level or others?

Alex
If you're only looking at a chart, it sounds to me like that's as good of an idea as any. There would probably be some other things to look for, but your idea is a good start.
  • #1,419
  • Apr 20, 2011 3:40am Apr 20, 2011 3:40am
massive orders on the blue zone? what you think?
I'm new at this order flow thing, comments appreciated
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  • #1,420
  • Edited 4:30am Apr 20, 2011 4:18am | Edited 4:30am
Anybody want to bite this chart? There is one big oportunity buidling there imo and i believe sir Darkstar keeps his hand on the pulse here

I hope Carnegie wont kick my a** becouse of posting this chart.
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