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Order Flow Trading

  • #181
  • Sep 10, 2011 4:55am Sep 10, 2011 4:55am
Hi, I'm new to this type of trading, but been involved with forex trading for the last 3 years. I'm one of those that fell for all the nice bling bling indicators and I ended up blowing account after account.

I would really like to start my next trading sessions with a bit more under my belt than just indi's and I have a feeling orderbookfx it the answer.

Which brings me to my questions. I have read through the manual 3 times, but I'm still not 100% of entry positions. I'm quite happy with 5-10 pips so exit is not that important. I want to attend a live webinar, but I cannot find any webinars scheduled in the near future. Does anyone here know if there are videos out there that I can watch that will give me a live demonstration as to how to use this system properly.

Thank you in advanced.

Regards,
  • #182
  • Sep 10, 2011 6:44am Sep 10, 2011 6:44am
Quoting xelaar
still waiting for reply for a trial of rockshore live and orderbook
You will be set for Monday, Ill be in touch.
  • #183
  • Sep 10, 2011 6:31pm Sep 10, 2011 6:31pm
Quoting Rockshore
You will be set for Monday, Ill be in touch.
Thanks, Nick. Anthony sends his regards.
  • #184
  • Sep 12, 2011 10:01am Sep 12, 2011 10:01am
Hi Nick, some thoughts after today's (12 Sep) session:

I can understand the initial entries following your guidelines. However, need more screen time to get the mental stop and secondary entry(s) if price goes against the initial entry.

Seems that majority of the orderflow (OF) are S&D type. During stronger mini-trends, there are usually 4 or more consecutive OF in the same direction. Algo OF are commonly followed by continuation S&D OF. Interesting, maybe can devise a mechanical system around this behavior, eg.

Long trade entry: After a yellow or red OF, then first green OF closes, enter at next candle.
Long trade exit: Exit at market when first yellow or red OF closes, OR price breaks below the green OF price candle low, whichever comes first.
  • #185
  • Sep 12, 2011 10:12am Sep 12, 2011 10:12am
Quoting alvin050
Hi Nick, some thoughts after today's (12 Sep) session:

I can understand the initial entries following your guidelines. However, need more screen time to get the mental stop and secondary entry(s) if price goes against the initial entry.

Seems that majority of the orderflow (OF) are S&D type. During stronger mini-trends, there are usually 4 or more consecutive OF in the same direction. Algo OF are commonly followed by continuation S&D OF. Interesting, maybe can devise a mechanical system around this behavior, eg.

Long trade entry: After...
Yes no doubt there are many styles that come up rather profitable. There were a few secondary entries that were typical set ups today. Later in the session I waited for them to be really obvious and that seemed to be quite fitting as a couple suggested that they were very clear. Lots of opportunities!

As far as screen time, tomorrows webinar is as follows

http://rockshore.omnovia.com/register/57561315839795

Looking forward to seeing you there.
  • #186
  • Sep 13, 2011 6:22am Sep 13, 2011 6:22am
Hi Nick.
The new indicator is a pure work of genius. I've matched it to my style, and am more than pleased with it. Getting to be fun playing on a level field, my confidence level is soaring.
Long live the edge, and my thanks to you and your programmers.
Pardy
  • #187
  • Sep 13, 2011 6:47am Sep 13, 2011 6:47am
Pardy, sorry for the question!!
I'm a subscriber that have given up this stuff but still in my monthly subscription, and in my account page I can see no new indi....
Why the Market Makers call themselves Brokers???
  • #188
  • Sep 13, 2011 8:20am Sep 13, 2011 8:20am
Quoting ScalperOne
Pardy, sorry for the question!!
I'm a subscriber that have given up this stuff but still in my monthly subscription, and in my account page I can see no new indi....
Ale,

Email me and I'll send it along. You haven't been in the room, that's why you haven't had access to it. Youre missing the best cake ever!
  • #189
  • Sep 13, 2011 8:28am Sep 13, 2011 8:28am
Ok Nick...
I'll email you at once!
Why the Market Makers call themselves Brokers???
  • #190
  • Sep 13, 2011 8:34am Sep 13, 2011 8:34am
Hi there,

I have just signed up for the order flow program and was wondering how to trade it effectively?

thanks
Brad
  • #191
  • Edited 9:28am Sep 13, 2011 9:12am | Edited 9:28am
Quoting ScalperOne
Pardy, sorry for the question!!
I'm a subscriber that have given up this stuff but still in my monthly subscription, and in my account page I can see no new indi....
Scalper One, once u see and understand the new indi and how to use it, don't think u'll ever give up!!! It's just amazing. I've found my style, u'll find yours. The room helps as well. If u need any help with it, give me a shout, but preferably study it for a day or two yourself to get its rhythm.

Pardy
  • #192
  • Sep 13, 2011 9:25am Sep 13, 2011 9:25am
Quoting Pardy
Scalper One, once u see and understand the new indi and how to use it, don't think u'll ever give up!!! It's just amazing. I've found my style, u'll find yours. If u need any help with it, give me a shout, but preferably study it for a day or two yourself to get its rhythm.

Pardy
Hi Pardy,

How are you using the indicator?

thanks
brad
  • #193
  • Sep 13, 2011 9:31am Sep 13, 2011 9:31am
Quoting Pardy
Hi Nick.
The new indicator is a pure work of genius. I've matched it to my style, and am more than pleased with it. Getting to be fun playing on a level field, my confidence level is soaring.
Long live the edge, and my thanks to you and your programmers.
Pardy
A new indicator ? hmm where ?
  • #194
  • Sep 13, 2011 9:54am Sep 13, 2011 9:54am
Quoting surfeur
A new indicator ? hmm where ?
Simply email surf..

It's not on the OrderBookFX site for download.
  • #195
  • Sep 14, 2011 3:15am Sep 14, 2011 3:15am
Quoting Rockshore
Simply email surf..

It's not on the OrderBookFX site for download.
Thanks a lot, Nick, for the invitation. I think I started to get some understandaning of basics, but now one good live session in action would make me really know if I can do this and whether I want to switch and join you guys trading OF.
  • #196
  • Sep 14, 2011 4:22am Sep 14, 2011 4:22am
Quoting bctaylorsa
Hi Pardy,

How are you using the indicator?

thanks
brad
Brad, I trade in the direction of the trend, off support/resistance. In a long trend eg I look for a retrace to a point of support, and then take the trade based on the orderbook indi. I use the 5 min and 1 min chart for this. I think if you do a few sessions with Nick, you will begin to understand how the indi and the delta works in relation to price action.

You can then work out your own style you are comfortable with. Example, another style might be in a long situation you are waiting for price to break resistance and if orderbook is confirming you can then take the trade. Yet another is looking at the indi to signify the retrace and resumption of trend without necessarily looking at s/r, altho' I do not do this. In short, lends itself to various styles.

Hope this helps.
Pardy
  • #197
  • Sep 14, 2011 4:28am Sep 14, 2011 4:28am
Quoting Pardy
Brad, I trade in the direction of the trend, off support/resistance. In a long trend eg I look for a retrace to a point of support, and then take the trade based on the orderbook indi. I use the 5 min and 1 min chart for this. I think if you do a few sessions with Nick, you will begin to understand how the indi and the delta works in relation to price action.

You can then work out your own style you are comfortable with. Example, another style might be in a long situation you are waiting for price to break resistance and if orderbook is confirming...
Hi Pardy,

This is very helpful and exactly what I was hoping for.
Who is Nick because I clearly need to chat with him.

Thanks
Brad
  • #198
  • Sep 14, 2011 5:44am Sep 14, 2011 5:44am
Quoting bctaylorsa
Hi Pardy,

This is very helpful and exactly what I was hoping for.
Who is Nick because I clearly need to chat with him.

Thanks
Brad
Nick is Rockshore, no doubt he will get back to you. Do hope he doesn't mind my posts here, just trying to help. Those watching the indi on the 5 min chart, there was a clear signal on EU 15 mins ago, price is now up over 30 pips. Just need one such trade a day.
Pardy
  • #199
  • Sep 14, 2011 3:13pm Sep 14, 2011 3:13pm
Quoting Pardy
Nick is Rockshore, no doubt he will get back to you. Do hope he doesn't mind my posts here, just trying to help. Those watching the indi on the 5 min chart, there was a clear signal on EU 15 mins ago, price is now up over 30 pips. Just need one such trade a day.
Pardy
Am I right when I say you get access to this new indi when you join OrderBookFX? And I saw you mentioned the 5 min chart. Is this indi not bound to the 1 min chart like the other 2?
  • #200
  • Sep 14, 2011 4:18pm Sep 14, 2011 4:18pm
Quoting fxglider
Am I right when I say you get access to this new indi when you join OrderBookFX? And I saw you mentioned the 5 min chart. Is this indi not bound to the 1 min chart like the other 2?
I am travelling this evening, but yes we have a version unrestricted in chart intervals but its a Rockshore product. Two separate companies.
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