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Order Flow - Achieving the mindset

  • #2,321
  • Jul 5, 2011 10:23am Jul 5, 2011 10:23am
Quoting Deusomega
What's the point of forum invisibility lol.
Some of the users dont want to be seen so others could think they actually have a life
  • #2,322
  • Jul 5, 2011 10:29am Jul 5, 2011 10:29am
Quoting Monroe
Is that what you think I do or am endorsing? You think I don't understand the bigger picture and incorperate that in my trading? fair enough... but I dont think you have read more posts then.

I do play Intraday, and I agree and have stated plenty of times before, you can tell where the stops and orders likely are without IFR or rumors. I also can not look at a chart completely and profit from just reading IFR. Either which way, it definitely helps.

Never were my systems built only on order info alone, so I'm not sure what you were talking...
Sorry, it seems you have misunderstood me, i didn't refer to you nor to anybody. I was simply stating that by playing the stop hunt game alone doesn't really develop ones mind towards understanding the true forces behind price, behind buying/selling interest. I was speaking generally, you could very well be smarter than me or most others here in terms of intraday trading, fundamentals and everything else related and I would actually be happy for you .
  • #2,323
  • Jul 5, 2011 10:31am Jul 5, 2011 10:31am
Quoting Deusomega
Absolutely Once I have enough to live extremely comfortably for the rest of my life I won't lose sleep over not fully understanding the economy

You would think so, but i have seen/heard way too many examples of proving otherwise once you actually HAVE the money.
  • #2,324
  • Jul 5, 2011 10:33am Jul 5, 2011 10:33am
Quoting CindyXXXX
lol lumesh you just got 3 V's in like 20 minutes,

I just think you guys talk way too much


....Says a member who has 3000+ posts

What is that "V" btw ?...can i do anything with that ?
  • #2,325
  • Jul 5, 2011 10:35am Jul 5, 2011 10:35am
Quoting lumesh
Sorry, it seems you have misunderstood me, i didn't refer to you nor to anybody. I was simply stating that by playing the stop hunt game alone doesn't really develop ones mind towards understanding the true forces behind price, behind buying/selling interest. I was speaking generally, you could very well be smarter than me or most others here in terms of intraday trading, fundamentals and everything else related and I would actually be happy for you .
oh my bad, i thought you were talking directly to me with that last post.

I nothing but agreed with you on that lumesh.

I doubt I am smarter then you or many here on any of that, especially on fundamentals, economics, etc... as I have only been trading for less then 2 years and under a year studying OF and never thought for a minute about any of it before I started trading.
  • #2,326
  • Jul 5, 2011 1:30pm Jul 5, 2011 1:30pm
can someone please explain what happened in the EU today by OF analysis?
  • #2,327
  • Jul 5, 2011 1:35pm Jul 5, 2011 1:35pm
Quoting ttteee
can someone please explain what happened in the EU today by OF analysis?
Moody's downgraded Portugal's credit rating so everyone shorted the euro. it was a great day, thanks to you Mr. Moody!
A woman drove me to drink, and I forgot to thank her
  • #2,328
  • Jul 5, 2011 1:38pm Jul 5, 2011 1:38pm
Quoting simpleguy
Moody's downgraded Portugal's credit rating so everyone shorted the euro. it was a great day, thanks to you Mr. Moody!
everyone shorted the euro?
  • #2,329
  • Jul 5, 2011 1:40pm Jul 5, 2011 1:40pm
didn't see the news...feel a bit stupid...

we can interpret the donw moves earlier in the day as a prelude of the drop?
  • #2,330
  • Jul 5, 2011 2:13pm Jul 5, 2011 2:13pm
So last night I was feeling pretty optimistic, but after reading some of the comments on here since then that optimism is fading.

Last night I saw the 4600 barrier with stops above, and then the moderate buying interest 4520 and 4505 (I think it was), with trailing stops accumulated around 4470 and below.

In hindsight now it's obvious what the best play would have been (hunt those stops below!), but in real time I'm not sure how one would come to the conclusion that the stops below would be the more obvious play then the barrier above.

Just thinking out loud again, not looking for anything in particular from anyone...
  • #2,331
  • Jul 5, 2011 2:44pm Jul 5, 2011 2:44pm
Resolved greek crisis and rate hike were already priced in at the beginning of this week, after 6 straight days of gains for the euro.
  • #2,332
  • Jul 5, 2011 3:42pm Jul 5, 2011 3:42pm
Quoting lumesh
....Says a member who has 3000+ posts

What is that "V" btw ?...can i do anything with that ?
Well you can distribute them further as much as you want.

But there is a limit, Cindy actually have a good experience of that one.
.
  • #2,333
  • Jul 5, 2011 3:43pm Jul 5, 2011 3:43pm
Quoting RichFWebb
Resolved greek crisis and rate hike were already priced in at the beginning of this week, after 6 straight days of gains for the euro.

Not true...putting price and environment together a rate hike and a greek solution would equal to at least previous top (beginning of May)....if there is such a thing called "pricing in"...everything is subjective though.
  • #2,334
  • Jul 5, 2011 3:58pm Jul 5, 2011 3:58pm
how am i wrong if it's subjective noob
  • #2,335
  • Jul 5, 2011 4:05pm Jul 5, 2011 4:05pm
Quoting RichFWebb
how am i wrong if it's subjective noob
Ease up on the insults, this is just a discussion.
  • #2,336
  • Jul 5, 2011 4:08pm Jul 5, 2011 4:08pm
i was just playin, no harm meant. im clearly the noob for the record
Member Since Jan 2, 2011
  • #2,337
  • Jul 5, 2011 4:26pm Jul 5, 2011 4:26pm
Quoting RichFWebb
how am i wrong if it's subjective noob

what i meant was that THEORETICALLY when taking into an account of where we came from (price) and what situation were we in (fundies/sentiment/expectations) compared to your proposed situation (rate hike and greek solution) we should be higher than your proposed 4500. There's a lot more than that but i don't have the will to explain it further right now. I could very well be wrong too.

However, i am curious of your point of views where you state that 4500 would mean a "fair value". What are your arguments ?

lastly, I said everything is subjective because a THEORY does not necessarily turn into REALITY. Anything can happen in ANY situation. So, yes, if you take it literally then i might have jumped into conclusions and should've rephrased what i said.

What's "noob" btw ?
  • #2,338
  • Jul 5, 2011 4:29pm Jul 5, 2011 4:29pm
Quoting RichFWebb
i was just playin, no harm meant. im clearly the noob for the record
Member Since Jan 2, 2011
wow, we got a play'a here

no need to respond to my last question....was playing a bit too.
  • #2,339
  • Jul 5, 2011 6:15pm Jul 5, 2011 6:15pm
Since we're on the subject, kinda. Anyone want to talk risk appetite?

The way I'm seeing things right now is that the market WANTS to take risk on but it remains skeptical, for good reason too. The Greece situation is showing that the risk of an immediate default is subsiding. We still have a couple hurdles that I think would greatly effect appetite. Later this week we have our highly expected ECB rate hike. The rate hike isn't news though. What will be news is if Trichet comes out accepting of the new bonds. Nowotny has already stated that they look appealing. If Trichet comes out hawkish on the debt rollover I think this will be good for risk. Of course they can talk hawkish all they want but if they don't convince rating agencies to back off it will all be for nothing, as well as a potentially sick short. The fact that credit agencies recently reiterated their position won't help appetite.

Then we have US data. A rebound from the last months numbers would be great for risk appetite as well. We ended last week with the hope that the US slowdown might only be temporary. Unfortunately I have no clue how those numbers will end up. I know stock players and oil players will be watching the data closely looking to rally on good numbers.
Cautiously optimistic. . .
  • #2,340
  • Jul 5, 2011 6:19pm Jul 5, 2011 6:19pm
just my opinion, even though ECB rate hike has been "priced in" per say, it doesnt mean participants wont still try to make a play on it before the news hits, depending on what price levels were at....
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