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Order Flow - Achieving the mindset

  • #1,841
  • Jun 13, 2011 8:40am Jun 13, 2011 8:40am
some have it and some don't.. i'm working on euro going up right now, but i am getting tired... it's still in it's weak phases... but on 21 December 2012, at 11:11 AM UT my powers will be complete...
  • #1,842
  • Jun 13, 2011 8:41am Jun 13, 2011 8:41am
Treat it like a magic picture, no consious focus. Haha ya like how you trade Monroe.

edit: I didn't mean the thumbs-down icon last post
  • #1,843
  • Jun 13, 2011 8:45am Jun 13, 2011 8:45am
Quoting Monroe
no it's looking at the bottom left corner and spinning it with mind power... I do the same thing with the market...
I said to myself "her right hand is actually her left hand, and her right foot is actually her left foot" creating new planted perceptual, I close my eyes a second and when I open my eyes usually I see the spin reversing, that's how I do it.

Actually the picture itself isn't really spinning, it's just two dimensional picture flipping right & left creating 3 dimensional perception through our brain.
  • #1,844
  • Jun 13, 2011 8:54am Jun 13, 2011 8:54am
Quoting Assassin
I said to myself "her right hand is actually her left hand, and her right foot is actually her left foot" creating new planted perceptual, I close my eyes a second and when I open my eyes usually I see the spin reversing, that's how I do it.

Actually the picture itself isn't really spinning, it's just two dimensional picture flipping right & left creating 3 dimensional perception through our brain.
Yea.. that's a pretty bad-ass way to do it... classifies as mind power...
  • #1,845
  • Jun 13, 2011 12:01pm Jun 13, 2011 12:01pm
She rotates clockwise for me, but I finally figured out how to switch her at will. I watch her in the direction she is currently going, close my eyes and sow her down, then make her switch direction, and when I open my eyes again I see her rotating the other way. I haven't figured out how to make her switch with my eyes open though...

It does raise some interesting questions for me though. Like how much of my daily life defaults to one perception of reality when in fact things could be better if I could recognize and override those defaults.

As it pertains to trading, I'm going to try this to create a different view that is opposite of the default view that I see when I first start formulating an opinion.

Quoting Assassin
Very well said, the hardest part from order flow trading for me is to eliminate my ego based bias about market & being as objective as possible, just like below illustration, the popular neurogical "spinning dancer" animation.

http://i181.photobucket.com/albums/x...ing_Dancer.gif

Once my brain capture one side information, for example I see the dancer spinning clockwise, it is very hard to change my view that there is other possibility the dancer spinning anti-clockwise. Most...
  • #1,846
  • Jun 13, 2011 4:10pm Jun 13, 2011 4:10pm
not to digress from the spinning lady thing but do you guys think it is more beneficial to trade only one, and the same session each day? I feel like I'm missing out on the moves or right positions to get into if I'm not watching it 24/5...

I've been trading a quant strategy for about a year, but no inefficiency lasts forever, so it's time to become a real trader.. I'm committed 100%, but am starting to think that trying to trade all 3 sessions is too much to process right now..

what works for you? would you trade all three sessions if you had time?
  • #1,847
  • Jun 14, 2011 12:28am Jun 14, 2011 12:28am
The lowest I monitor is the 4H chart which I do for certain pairs from asian open to NY open. I'm sure there are many others that are intraday. Typically the first 8hours is important to capture crowd participation.

..Watching Chf/Jpy 96.00 & Eur/Chf 1.20 levels.. Swissy fighting a power play.
  • #1,848
  • Jun 14, 2011 2:09am Jun 14, 2011 2:09am
0657 GMT [Dow Jones] Strong CHF won't provoke SNB intervention says ZKB as the Swiss economy is still showing resilience and the central bank's currency reserves are already too high. "The Swiss economy is still managing to live with the strong franc, though we expect the main negative impact on exports to be felt in 2H and next year," says Zuercher Kantonalbank economist David Marmet. "In addition the Swiss National Bank's balance already has uncomfortably high foreign currency holdings," he adds. EUR/CHF at 1.2093. ([email protected])

and this - swiss-franc-exports-idUSLDE75C1DE20110614

this might not be so good for my swissy play... maybe i should TP on this eur/chf long soon...
  • #1,849
  • Jun 14, 2011 2:11am Jun 14, 2011 2:11am
Quoting Monroe
0657 GMT [Dow Jones] Strong CHF won't provoke SNB intervention says ZKB as the Swiss economy is still showing resilience and the central bank's currency reserves are already too high. "The Swiss economy is still managing to live with the strong franc, though we expect the main negative impact on exports to be felt in 2H and next year," says Zuercher Kantonalbank economist David Marmet. "In addition the Swiss National Bank's balance already has uncomfortably high foreign currency holdings," he adds. EUR/CHF at 1.2093. ([email protected])

and...

Good spot! http://www.forexfactory.com/images/icons/icon14.gif
  • #1,850
  • Edited 2:46am Jun 14, 2011 2:27am | Edited 2:46am
ok screw it... im out, I don't wanna mess with this swissy stuff now.

reason for the trade though was take profits ahead of that well touted barrier and psych level with added defense interest, furthermore... optimism for something worked out with Greece later today. A little risk on after the chinese data helped too I guess after I was in...

I wanted to TP around the 2150 though, but I guess defense would dump here and shorts might go at it again from here. Before I go long on this pair I should probly wait for some type of bottoming formation anyway and for them to clean out the stops...

Attached Image


im going to gbp/usd tonight, maybe they'll get a decent CPI number and take profit into it....
  • #1,851
  • Jun 14, 2011 2:58am Jun 14, 2011 2:58am
nice indeed...

LONDON, JUNE 14 (IFR) - An Asian Central bank was one of the key buyers behind the latest EUR/USD up leg -helping the pair from thelower/mid 1.44's and through a series of stops in the 1.4455-65 zone, to new recovery highs at 1.4473. Offersare said to reside in the1.4475-80 and the 1.4485-90 areas, but more stops are sitting around1.4500 and thisis the next obvious target for the bull camp.

LONDON, JUNE 14 (IFR) - Various Asian CB's, including the recently mentioned buyer through 1.4455-65 stops, have been seen on the EUR/USD sell side since the China RRR hike news. The pair is now hovering around the 1.4455 level from earlier 1.4473 highs andis now lacking the impetus to make a push through the 1.4480-95offer zone, to target the next batch of stops above the figure.
  • #1,852
  • Jun 14, 2011 3:36am Jun 14, 2011 3:36am
What are peoples general thoughts on current risk sentiments/expectations right now?
Time hides Nothing
  • #1,853
  • Jun 14, 2011 7:54am Jun 14, 2011 7:54am
Quoting Monroe
ok screw it... im out, I don't wanna mess with this swissy stuff now.

reason for the trade though was take profits ahead of that well touted barrier and psych level with added defense interest, furthermore... optimism for something worked out with Greece later today. A little risk on after the chinese data helped too I guess after I was in...

I wanted to TP around the 2150 though, but I guess defense would dump here and shorts might go at it again from here. Before I go long on this pair I should probly wait for some type of bottoming formation...
son of a bitch....
  • #1,854
  • Jun 14, 2011 8:35am Jun 14, 2011 8:35am
Is it me or does anyone else think that the real motive behind the movements in EURCHF are not directly fundamentally related but fundamental reasons have been used as an 'excuse' for players to execute their orders?
  • #1,855
  • Jun 14, 2011 10:18am Jun 14, 2011 10:18am
Quoting CindyXXXX
Patriot till the end homies
nice one, why did you take it down before? I saw that shit...
  • #1,856
  • Jun 14, 2011 10:22am Jun 14, 2011 10:22am
Quoting Monroe
son of a bitch....
O shoot. Luckily I was preping for intervenion.. playing both sides right now.
  • #1,857
  • Jun 14, 2011 10:26am Jun 14, 2011 10:26am
Quoting EmeraldEyes
O shoot. Luckily I was preping for intervenion.. playing both sides right now.
Do you still think they might? they have the SNB conference this week, thursday I believe... but from what I'm reading it's doubtful...
  • #1,858
  • Jun 14, 2011 10:30am Jun 14, 2011 10:30am
Quoting melvin87
Is it me or does anyone else think that the real motive behind the movements in EURCHF are not directly fundamentally related but fundamental reasons have been used as an 'excuse' for players to execute their orders?
Good thought, Melvin. That's the way it always is, I think. Large money needs or wants to do something and is just waiting for the right moment (trigger/excuse/catalyst/news/whatever you wanna call it) to do so.
  • #1,859
  • Jun 14, 2011 10:43am Jun 14, 2011 10:43am
Quoting CindyXXXX
remembered bout the no chart rule... But screw it, if anything it will bring Carnegie out of hiding lol
lol yea... where is ol' Carnegie.... I'm sure he doesn't give a crap anymore
  • #1,860
  • Jun 14, 2011 11:47am Jun 14, 2011 11:47am
damn eur/chf is running like it has 4 legs...
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