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Order Flow Trading for Fun and Profit - Book

  • #101
  • Nov 23, 2012 10:31am Nov 23, 2012 10:31am
Buy yourself something nice for the holidays.

Book and access to all Premium Features are on sale through Nov. 30, 2012 for only $99.95!

http://www.orderflowtrading.com/BookInfo.aspx
  • #102
  • Dec 23, 2012 7:21pm Dec 23, 2012 7:21pm
My Take on the Commodity Futures vs Forex Debate

As some of you know, aside from a brief (disastrous) attempt at trading 10yr treasury futures back in 2003, I've been a diehard Forex trader for nearly my entire trading career. For many years I was one of those guys who thought stock and futures traders were of know-nothing monkeys wasting their time swapping old school junk assets. Forex was where the action was and where all the best and brightest traders went to make the big bucks. So when I say that commodity futures are vastly better than any spot fx pair, know that I haven't come to that conclusion lightly.

I probably never would have had that epiphany had the Forex market not fallen into the tragic state of ridiculously low volatility that it has experienced for the last year or so. But fall it did, and after trading commodity futures for awhile, I don't think I'll ever trade Forex again.



[Continue] (http://www.orderflowtrading.com/Articles/tabid/243/articleType/ArticleView/articleId/3/My-Take-on-the-Commodity-Futures-vs-Forex-Debate.aspx)

  • #103
  • Dec 25, 2012 10:04am Dec 25, 2012 10:04am
Hi!

I would like some review about this book!
Can it add some new insight to my thinking?

My background:
-I red ~20-25book about trading
-I red two times Harry Larris T&E book
- I red already all the orderflow threads here in FF
-Red throught the whole James16 thread

-Right now i play mostly demo account using PA 90% of the time but started to insert some of the orderflow* stuff (esp SL hunting)
-I am a very small winner (~ +6-7% after 400 trade, risking 1%/trade)


What do you think?


*well its not truly OF because no book available, I just try to figure out on my own from the chart where the orders of different participiants could be.
Who could have open positions and in which direction..etc
  • #104
  • Dec 26, 2012 8:18am Dec 26, 2012 8:18am
Quoting chartfan
Hi!

I would like some review about this book!
Can it add some new insight to my thinking?

My background:
-I red two times Harry Larris T&E book
- I red already all the orderflow threads here in FF
Having already read the OFT threads and T&E, you probably won't be overly impressed with the book.It will likely give you a few AHA moments, but nothing earth shattering. The man purpose of the book is to give a person everything they need to know about order flow as quickly as possible. You've already taken the long route.

What you want is the chat room. Seeing how I - and a bunch of other full time pro traders - trade order flow in real time will change your life. Amazing claim? Maybe... but I've seen enough chat room participants go from lost child to hedge fund/prop firm/investment bank trader that I don't mind making it. If your still not where you want to be, I'd suggest giving it a look.

Hope it helps.
  • #105
  • Dec 30, 2012 7:54am Dec 30, 2012 7:54am
But what was it that dried up the volatility in the FX markets...and couldn't that exact same thing happen to the futures markets too?

Quoting Darkstar
As some of you know, aside from a brief (disastrous) attempt at trading 10yr treasury futures back in 2003, I've been a diehard Forex trader for nearly my entire trading career. For many years I was one of those guys who thought stock and futures traders were of know-nothing monkeys wasting their time swapping old school junk assets. Forex was where the action was and where all the best and brightest traders went to make the big bucks. So when I say that commodity futures are vastly better than any spot fx pair, know that I haven't come to that conclusion lightly.

I probably never would have had that epiphany had the Forex market not fallen into the tragic state of ridiculously low volatility that it has experienced for the last year or so. But fall it did, and after trading commodity futures for awhile, I don't think I'll ever trade Forex again.
Forex is a still a nice place for people to learn what trading is all about...until they can get enough money together to trade futures. You need $30,000+ to trade futures and have any chance for long term survivability. You need a lot less to be able to survive in Forex.

I'm glad you're in the futures arena and you like it. At least the Volume information in there has some meaning.

Best,

Eric.
" Be always employed in something useful." - Benjamin Franklin
  • #106
  • Jan 5, 2013 2:31pm Jan 5, 2013 2:31pm
Quoting cougar73
But what was it that dried up the volatility in the FX markets...and couldn't that exact same thing happen to the futures markets too?
Fx is primarily driven my interest rates. With all the majorcentral banks at or near zero percent, there is nothing to trade on. The Eurozone crisis was a nice distraction, but now that it's mostly stabilized, wereback to looking at no change in interest rates.

Could it happen in futures? Sure, I guess. But unlike FX,there are hundreds of completely uncorrelated contracts with completelydifferent fundamental drivers. If equity index vol dries up, move to themetals, or grains, or interest rates. Something will be moving...
  • #107
  • Jan 5, 2013 2:33pm Jan 5, 2013 2:33pm
Fiscal Cliff Averted! -- Now What?

For the last few months, financial market activity has been dominated by the discussion in Washington DC over the so called "Fiscal Cliff." Thankfully, as many of you already know, a deal was finally reached in the wee morning hours of New Year's Day, which made permanent the existing tax rates for Americans earning below $400k in annual income, and postponed the scheduled $110b in sequester spending cuts until March 2013.

After some explosive upside moves in risk assets at the open on January 2nd, financial markets quickly transitioned into a listless, range bound environment, and many of you may wondering where we go from here.

So today I'd like to talk about what I see transpiring over the next few months, and how it will likely impact the game of speculation.


[Continue] (http://www.orderflowtrading.com/Articles/tabid/243/articleType/ArticleView/articleId/4/Fiscal-Cliff-Averted--Now-what.aspx)

  • #108
  • Jan 6, 2013 4:10pm Jan 6, 2013 4:10pm
Darkstar's Order Flow Trading Strategy

For better or worse, it would seem that everyone who stumbles across something I've written inevitably wind's up asking me the same question; "What is your system for trading order flow?"

After answering it at least 100 times via the real time trader chat, email, and over the phone, I figure I could save myself an awful lot of time if I just wrote it all out in one place.

So today were going to look at my "Active Hedging - Order Flow Trading System" in all its glorious detail.

However, I think I should warn you in advance that it's MY system. I've said many times that in order to achieve any meaningful degree of success as a trader, one needs to develop a system that fits their individual goals, strengths, and weaknesses. This system fits my wants and needs perfectly, and as a result, I enjoy great success trading it. Unfortunately, we are all unique beings and the success of someone who copies this method is far from assured...

Still, I believe that analyzing my system - along with the how and why of its construction - will be an invaluable lesson for developing one of your own. Very few successful traders are willing to share a truly profitable method, so it's hard for aspiring traders to know what they look like. Hopefully this will give you some ideas and a possible framework to start from.

Now as I mentioned, this system was designed to fit my specific goals, strengths, and weaknesses. So before we get into the nuts and bolts of the system, let's take a look at those attributes so we can see how they influence the design of the system.



[Continue] (http://www.orderflowtrading.com/Articles/tabid/243/articleType/ArticleView/articleId/5/Darkstars-Order-Flow-Trading-Strategy.aspx)

  • #109
  • Jan 20, 2013 12:23pm Jan 20, 2013 12:23pm
The market is poised for a major change. Are you ready for it?

We've all heard the age old wisdom about markets changing over time and the need to test a system in multiple environments. If you started your trading career in the last 3 or 4 years, you've probably assumed that those market sages were referring to the day to day oscillation between ranging and trending markets. However, those of us who have been at this for a long time know better... and today I would like to explain what the wise traders of old really meant.

In a previous article I discussed my expectations for the pending congressional debt ceiling fight, and while it remains to be seen how that will all play out, there is one thing I'm absolutely sure of; when it's over, there will be a dramatic shift in the factors that drive market activity.


[Continue] (http://www.orderflowtrading.com/Articles/tabid/243/articleType/ArticleView/articleId/6/The-market-is-poised-for-a-major-change-Are-you-ready-for-it.aspx)

  • #110
  • Feb 9, 2013 1:12pm Feb 9, 2013 1:12pm
Hello DS,

Thinking of buying your book. Does this methodology (OFT) work with day trading i.e. trading of daily charts? Thank you.
  • #111
  • Feb 10, 2013 9:41pm Feb 10, 2013 9:41pm
Quoting danjuma
Hello DS,

Thinking of buying your book. Does this methodology (OFT) work with day trading i.e. trading of daily charts? Thank you.
Hi Danjuma, thanks for your interest.

Yes it does work for daily chart trading. In fact, itworks across almost all timeframes. We have people in the chat who are using itto successfully scalp the 1 min, others who are swing trading positions forseveral days at a time, and everything in between. Obviously the specifictactics are a little bit different depending on how you want to operate, butthe concepts in the book are universally applicable to all markets and alltimeframes.

Hope it helps.
  • #112
  • Feb 11, 2013 8:58am Feb 11, 2013 8:58am
Quoting Darkstar
Hi Danjuma, thanks for your interest.

Yes it does work for daily chart trading. In fact, itworks across almost all timeframes. We have people in the chat who are using itto successfully scalp the 1 min, others who are swing trading positions forseveral days at a time, and everything in between. Obviously the specifictactics are a little bit different depending on how you want to operate, butthe concepts in the book are universally applicable to all markets and alltimeframes.

Hope it helps.
Many thanks.
  • #113
  • Feb 13, 2013 8:19am Feb 13, 2013 8:19am
Market Participants
By Milan

Have you ever thought about who is participating in the foreign exchange market besides your fellow retail traders? If the answer is no, you should certainly change that. Although we can not have directly an insight into the order books of the large banks, we can identify some of the characteristics of important market participants and use this information in our trading.

In order to try to reconstruct what other traders might do, you have first to have a basic knowledge why the trade, how they trade and other known characteristics. Not all participants in a certain group share the same characteristics, but there a few that most of them do. So who is trading in the FX market?



[Continue] (http://www.orderflowtrading.com/Articles/tabid/243/articleType/ArticleView/articleId/7/Market-Participants.aspx)

  • #114
  • Feb 13, 2013 11:16am Feb 13, 2013 11:16am
Hello Dark star I PM you, wanted to understand what is the order flow concept , what it looks like on a chart and where can I find the info to begin to understand it. I know Im late to the thread , but want to get up to speed. Would appreciate your insight and guidance, Im not new to forex and all the other things that are associtaed with trading, so I think I would catch on quick.
  • #115
  • Feb 13, 2013 11:51am Feb 13, 2013 11:51am
Quoting Darkstar
I know you asked for other people's opinions, and I do hope they will share them with you.

In the event they don't, in my humble opinion, the academic literature is precisely that.. academic literature. There is a ton of valuable insight regarding the mechanics of markets, but very little of what you read will be directly applicable to earning a speculative profit.

[color=black][font=Verdana]That's not to say you can't gain insight from those articles to make...

what you said there, makes a lot of sense! Thats the number one problem newbies have, its putting it all together! Thats been my problem, knowing and having the info is useless if you don't know how to apply it to make money. You are so right bro.
  • #116
  • Mar 25, 2013 1:13pm Mar 25, 2013 1:13pm
REMINDER: We'll host an open Q & A session during the New York trading session tomorrow, starting at 08:00 AM EST. Our otherwise members-only chat room will be accessible to all visitors - for this event only. Ask professional traders Daemon Goldsmith (author of "Order Flow Trading for Fun and Profit") and Tyler Bauman anything about Order Flow Trading or trading in general. Don't miss the chance and make sure you invite your trading buddies!

We'll post the link to the chat room tomorrow, see you there.
  • #117
  • Mar 25, 2013 1:30pm Mar 25, 2013 1:30pm
That's great I hadn't the chance yet to buy the book, but I was always curious what you guys discuss in the chat. You can expect me with a bunch of questions about Order Flow Trading and stop hunting. Looking forward to it...
  • #118
  • Mar 25, 2013 2:06pm Mar 25, 2013 2:06pm
Quoting Darkstar
REMINDER: We'll host an open Q & A session during the New York trading session tomorrow, starting at 08:00 AM EST. Our otherwise members-only chat room will be accessible to all visitors - for this event only. Ask professional traders Daemon Goldsmith (author of "Order Flow Trading for Fun and Profit") and Tyler Bauman anything about Order Flow Trading or trading in general. Don't miss the chance and make sure you invite your trading buddies!

We'll post the link to the chat room tomorrow, see you there.
For those of us that can't attend due to work commitments. would there be a recording of this to view later? Thanks
  • #119
  • Mar 26, 2013 6:29am Mar 26, 2013 6:29am
Hey Darkstar,

Where can we access the chat room?
  • #120
  • Mar 26, 2013 7:02am Mar 26, 2013 7:02am
As promised, here is the link to the open chat event: http://www.orderflowtrading.com/Chat.aspx

Hope to see you soon!
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