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Order Flow - Achieving the mindset

  • #2,421
  • Jul 11, 2011 11:07am Jul 11, 2011 11:07am
Quoting Monroe
oh, I had a blast! The headlines last night into the asian open going into london... I thought this could be a big day...

Spot on, and as you said before, market has been pretty generous as of late .
  • #2,422
  • Jul 11, 2011 11:23am Jul 11, 2011 11:23am
Quoting Monroe
JPY is definitely a contender now after the Noda comments
Ah! missed JPY last of the majors. All round bad for other 3 means even if other 2 other are stable..it will be more than enough.
  • #2,423
  • Jul 11, 2011 12:02pm Jul 11, 2011 12:02pm
Just found myself thinking about this question last night, and thought it might be helpful to someone else to answer it for themselves.

Most people would just say the image is an uptrend or price is rising, but the way in which it moves also tells us a lot about what the market is thinking.

What does each type of price action display about the underlying market? And what opportunities does each present after occurring (i.e. what opportunities can we expect to profit from).
Attached Image
  • #2,424
  • Jul 11, 2011 7:02pm Jul 11, 2011 7:02pm
Anyone else missing the orderboard on the free IFR from Oanda?
  • #2,425
  • Jul 11, 2011 7:50pm Jul 11, 2011 7:50pm
Quoting Nervousone
Anyone else missing the orderboard on the free IFR from Oanda?
If there hasn't been an orderboard post in the last few hours it won't show up under "latest news". Same goes for the other categories. If you change the "dated" to Today instead of latest news, you should be able to find orderboard info
  • #2,426
  • Jul 11, 2011 7:59pm Jul 11, 2011 7:59pm
Hey guys thought I'd drop in, I'm still reading T&E and I must say it is quite enjoyable. Definitely quenching some thirst for missing info I've been curious about.

I am a very slow reader, and tend to re read pages and paragraphs until everything sinks in, so this one may take me a very long time to digest.

I'm sure everybody wanted to know that
  • #2,427
  • Jul 11, 2011 10:01pm Jul 11, 2011 10:01pm
Quoting frankkn
Hey guys thought I'd drop in, I'm still reading T&E and I must say it is quite enjoyable. Definitely quenching some thirst for missing info I've been curious about.

I am a very slow reader, and tend to re read pages and paragraphs until everything sinks in, so this one may take me a very long time to digest.

I'm sure everybody wanted to know that
You'll be rocking after reading that, especially with your background in AMT/MP

I've done highlighted and written notes all through mine already.
  • #2,428
  • Jul 12, 2011 12:01am Jul 12, 2011 12:01am
Quoting bronxterp
If there hasn't been an orderboard post in the last few hours it won't show up under "latest news". Same goes for the other categories. If you change the "dated" to Today instead of latest news, you should be able to find orderboard info
Does orderboard come via Oanda's MT4 or just FXTrade?
  • #2,429
  • Jul 12, 2011 2:33am Jul 12, 2011 2:33am
it's on fxtrade. not sure about mt4


e/u looking like 3700 barrier's in play probably by thurs.
  • #2,430
  • Jul 12, 2011 2:55am Jul 12, 2011 2:55am
Quoting RichFWebb
it's on fxtrade. not sure about mt4


e/u looking like 3700 barrier's in play probably by thurs.
This is absolute carnage. Wouldn't be surprised to see it there by Wednesday at this rate...look at her and EUR/CHF go..

Regards,
xXTrizzleXx
  • #2,431
  • Jul 12, 2011 2:57am Jul 12, 2011 2:57am
Quoting xXTrizzleXx
This is absolute carnage. Wouldn't be surprised to see it there by Wednesday at this rate...look at her and EUR/CHF go..

Regards,
xXTrizzleXx
Got a couple buff legs running?
  • #2,432
  • Jul 12, 2011 3:04am Jul 12, 2011 3:04am
Quoting EmeraldEyes
Got a couple buff legs running?
Millipedes FTW I started from NFP last Friday at 1.43, but my first one got cut off by a weekend liquidity spike ..but at least I've managed to latch on with a couple more..I don't even want to think of how you must be all over EUR/CHF destroying it...

EDIT: Justtt missed the USD/JPY one! Let's see if Noda thinks these moves aren't excessive anymore..

Regards,
xXTrizzleXx
  • #2,433
  • Jul 12, 2011 3:19am Jul 12, 2011 3:19am
Quoting xXTrizzleXx
Millipedes FTW I started from NFP last Friday at 1.43, but my first one got cut off by a weekend liquidity spike ..but at least I've managed to latch on with a couple more..I don't even want to think of how you must be all over EUR/CHF destroying it...

EDIT: Justtt missed the USD/JPY one! Let's see if Noda thinks these moves aren't excessive anymore..

Regards,
xXTrizzleXx
I just got an alert tonight to get on E/U. So I'm late to that party. lol
I've got more on G/Chf and U/Chf than E/Chf
  • #2,434
  • Jul 12, 2011 10:58am Jul 12, 2011 10:58am
I wonder if and when the BOJ is going to intervene with the usd/jpy. Haven't heard anything about it yet.
  • #2,435
  • Jul 12, 2011 2:12pm Jul 12, 2011 2:12pm
last night = for everyone!
  • #2,436
  • Jul 12, 2011 2:16pm Jul 12, 2011 2:16pm
Quoting xXTrizzleXx
Heya nasir.khan,
From my sleepy perspective, I'd write the AUD/USD fall as being due to jitters of a global economic soft patch leading to risk aversion in the pairing initially. I guess investor demand shook this off as the day continued, resulting in it recovering its losses well..makes me quite interested in the pairing actually...Cable I'd say more-or-less the same thing that happened in EUR/USD, except sovereign jitters helped the latter give up most of its gains compared to Cable.
Regards,
xXTrizzleXx
Thanks Trizzle,

I also thought of Option hunters (AU 1.08 and Gu 1.59) getting caught off-guard and intensified the moves.
.
  • #2,437
  • Jul 12, 2011 3:32pm Jul 12, 2011 3:32pm
Quoting RichFWebb
Just found myself thinking about this question last night, and thought it might be helpful to someone else to answer it for themselves.

Most people would just say the image is an uptrend or price is rising, but the way in which it moves also tells us a lot about what the market is thinking.

What does each type of price action display about the underlying market? And what opportunities does each present after occurring (i.e. what opportunities can we expect to profit from).
Good one. Each represents its own trend. My opinion is for
1. The market is in consesus about the price. Something we can see in action right now.
2. There is a conflict, the sell limits needs to absorbed before the market can move higher.
  • #2,438
  • Jul 12, 2011 5:48pm Jul 12, 2011 5:48pm
nice...

professional-traders-who-profit-from-stop-loss-runs
  • #2,439
  • Jul 12, 2011 5:48pm Jul 12, 2011 5:48pm
lol makes you feel like a cool kid. I love stop hunts. I never get tired of watching their price action.



That's pretty interesting though. I didn't know retailers were so big on this. I wonder how much activity they make up.
Cautiously optimistic. . .
  • #2,440
  • Jul 12, 2011 5:55pm Jul 12, 2011 5:55pm
Quoting Tact1cal
lol makes you feel like a cool kid.
lol true.

it's dog eat dog out there. I think he is referring to the "pro's" having retail accounts as well as institutional to hit it with as much as they can. You would be able to get more liquidity this way instead of just running with one straight institutional account which may not provide you with enough liquidity, especially during illiquid times which is the favored time to strike.

I guess what makes them pro's is that they are ex-interbank traders with contacts, as well as enough cash to move the market.
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