Hey guys, I'm going to make a new thread, more interactive & real-time.
Hey traders, I'd like to start doing courses on this subject on the weekends. I really think there's a lot of room for retailers to grow in the FX trading industry. I'm looking for a few novice traders that would like to take a 60-90 minute crash-course web meeting on trading spot FX orderflow.Maximum of 5 traders so we can focus better in a smaller group. It'll start Free of charge, microphone/headset & webcam required, I'll just ask to post a review of it in this thread, so current FF membership is required, and no joining just to do this either. Being a Commercial member now, I'm hoping to charge around $20 for the course next month. Maybe $40 for a 2-day meeting or something, as this starts.. we'll see how it changes. Good trading! [email protected]
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Scenario 1: You enter a trade, place a stop-loss behind the recent swing high/low, only to watch the market drift towards your stop, taking you out of the trade for a loss, only to then move toward the intended direction!
Scenario 2: A positive data release warrants a trade entry 'long'(buy), price shoots up as you enter, expecting price to keep going on good data, but quickly price starts retracing.. then dives down... then you realize you've bought at the high of the day!
These are easily fixed problems by using order-flow analysis when trading.
Scenario #1 when it was actually prudent for traders to push in to stops to offload their inventory of orders to (un)willing participants sitting with stops there. Or bargain hunters could pick up discounted prices if the stops pushed price too far away. Either way, you were used & abused by the market.
Scenario #2 positive data can be fully expected by the market, and stated in bank reports from various economic teams that also study trader's expectations. So if the data release doesn't 'wow' them in to buying more, the price jump upon release can actually be used to close buy orders from large traders off-loading their longs by selling them to willing buyers (retailers, uninformed large players too!).
All this can be too much to understand; but there's great resources online to help with how FX markets operate; from market mechanics to trader sentiment.
There's been threads on this topic involving the member Darkstar here on FF:
The Structure of Forex Brokers: http://www.forexfactory.com/showthread.php?t=7484
Order Flow - Finding cluster of stops on chart: http://www.forexfactory.com/showthread.php?t=274208
Order Flow - Achieving the mindset http://www.forexfactory.com/showthread.php?t=277925
I've had the privilege to join Darkstar's group of traders at www.OrderFlowTrading.com to develop the skills needed to trade analyze market order-flow.
Trading this way focuses on finding market sentiment for trade direction and order structure for which price levels to enter & exit the market at. I'd like to start interest in using these market-proven trading mechanics, and get some group web meetings for up & coming traders during their free time.
The great thing about Darkstar's site is the availability of any and all things Forex order-flow related are 100% free on the news feed: http://www.orderflowtrading.com/ForexNews.aspx sign-up to view links & reports from economic teams in some of the largest banks. I'll be going over directly what's posted on that news feed page.
Now, for this thread:
Hey traders, I'd like to start doing courses on this subject on the weekends. I really think there's a lot of room for retailers to grow in the FX trading industry. I'm looking for a few novice traders that would like to take a 60-90 minute crash-course web meeting on trading spot FX orderflow.Maximum of 5 traders so we can focus better in a smaller group. It'll start Free of charge, microphone/headset & webcam required, I'll just ask to post a review of it in this thread, so current FF membership is required, and no joining just to do this either. Being a Commercial member now, I'm hoping to charge around $20 for the course next month. Maybe $40 for a 2-day meeting or something, as this starts.. we'll see how it changes. Good trading! [email protected]
__________________________________________________________________________________
Scenario 1: You enter a trade, place a stop-loss behind the recent swing high/low, only to watch the market drift towards your stop, taking you out of the trade for a loss, only to then move toward the intended direction!
Scenario 2: A positive data release warrants a trade entry 'long'(buy), price shoots up as you enter, expecting price to keep going on good data, but quickly price starts retracing.. then dives down... then you realize you've bought at the high of the day!
These are easily fixed problems by using order-flow analysis when trading.
Scenario #1 when it was actually prudent for traders to push in to stops to offload their inventory of orders to (un)willing participants sitting with stops there. Or bargain hunters could pick up discounted prices if the stops pushed price too far away. Either way, you were used & abused by the market.
Scenario #2 positive data can be fully expected by the market, and stated in bank reports from various economic teams that also study trader's expectations. So if the data release doesn't 'wow' them in to buying more, the price jump upon release can actually be used to close buy orders from large traders off-loading their longs by selling them to willing buyers (retailers, uninformed large players too!).
All this can be too much to understand; but there's great resources online to help with how FX markets operate; from market mechanics to trader sentiment.
There's been threads on this topic involving the member Darkstar here on FF:
The Structure of Forex Brokers: http://www.forexfactory.com/showthread.php?t=7484
Order Flow - Finding cluster of stops on chart: http://www.forexfactory.com/showthread.php?t=274208
Order Flow - Achieving the mindset http://www.forexfactory.com/showthread.php?t=277925
I've had the privilege to join Darkstar's group of traders at www.OrderFlowTrading.com to develop the skills needed to trade analyze market order-flow.
Trading this way focuses on finding market sentiment for trade direction and order structure for which price levels to enter & exit the market at. I'd like to start interest in using these market-proven trading mechanics, and get some group web meetings for up & coming traders during their free time.
The great thing about Darkstar's site is the availability of any and all things Forex order-flow related are 100% free on the news feed: http://www.orderflowtrading.com/ForexNews.aspx sign-up to view links & reports from economic teams in some of the largest banks. I'll be going over directly what's posted on that news feed page.
Now, for this thread:
- Have a basic understanding of market mechanics; ie, how buying/selling causes price to move, difference between limit orders & market orders.
- Refrain the use of patterns, harmonics, indicators, ect. All you'll need is a clean, easy to read, price chart.
- Keep the topic on order-flow; during down-time, check out some great trading articles: Orderflowtrading.com/ForexNews/Articles.aspx
Welcome to post up and discuss more here!
contact: [email protected]