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Going With The Order Flow

  • #21
  • Oct 8, 2015 11:37am Oct 8, 2015 11:37am
GBP/AUD D1 Short Trade

This Trade triggered today.
Attached Image (click to enlarge)
Click to Enlarge Name: 8th Oct 15 GBP:AUD D1 Chart.png Size: 93 KB
  • #22
  • Oct 9, 2015 11:21am Oct 9, 2015 11:21am
Quoting stevepatt
{quote} AUD/USD D1 Long Trade Update {image}
AUD/USD Trade up date
Attached Image (click to enlarge)
Click to Enlarge Name: 9th Oct 15 AUD:USD D1 Chart.png Size: 135 KB
  • #23
  • Oct 9, 2015 11:34am Oct 9, 2015 11:34am
Quoting stevepatt
{quote} GBP/CAD D1 Short Trade This Trade has just triggered {image}
GBP/CAD Trade Up Date
Attached Image (click to enlarge)
Click to Enlarge Name: 9th Oct 15 GBP:CAD D1 Chart.png Size: 105 KB
  • #24
  • Oct 9, 2015 11:46am Oct 9, 2015 11:46am
Quoting stevepatt
GBP/AUD D1 Short Trade This Trade triggered today. {image}
GBP/AUD Trade Up Date
Attached Image (click to enlarge)
Click to Enlarge Name: 9th Oct 15 GBP:AUD D1 Chart.png Size: 124 KB
  • #25
  • Oct 9, 2015 11:51am Oct 9, 2015 11:51am
Quoting stevepatt
NZD/JPY D1 Pending Buy Limit {image} {image}
NZD/JPY D1 Pending Buy Limit has been canceled I miss my Entry on this one.
Attached Image (click to enlarge)
Click to Enlarge Name: 9th oct 15 NZD:JPY D1 Chart.png Size: 99 KB
  • #26
  • Oct 11, 2015 3:58am Oct 11, 2015 3:58am
Quoting stevepatt
{quote} NZD/JPY D1 Pending Buy Limit has been canceled I miss my Entry on this one. {image}
thanks for the advice, bro
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #27
  • Oct 11, 2015 4:32am Oct 11, 2015 4:32am
Hi Stevepatt, thanks fo this interesting thread! Subscribed! I love how you marked your charts, it's so clean!! Did you draw the color rectangle boxes manual or by indicator? Would love to get my chart as nice looking as yours.
Simplicity is the key to brilliance
  • #28
  • Oct 11, 2015 8:52am Oct 11, 2015 8:52am
Quoting LinFX
Hi Stevepatt, thanks fo this interesting thread! Subscribed! I love how you marked your charts, it's so clean!! Did you draw the color rectangle boxes manual or by indicator? Would love to get my chart as nice looking as yours.

Hi LinFX;

I draw the rectangle Levels by hand.

I look at them in terms of Market Order Flow and Structure rather than simply as Supply and Demand.

A Level of Supply, in simple terms, is where there is more Selling Volume than Buying Volume and the Market moves down and visa versa for Demand.

But what creates that Order Flow Imbalance?

A New Down-Trend begins when the Market meets stronger Zone of Pending Selling Volume then the available Buying Volume the late Buyers to the Up-Trend get their Sell Stops hit which adds to the Selling Volume.

The previous Buyers, who are now on the wrong side of the Market, start to Liquidate their Positions (Sell).

This additional Selling Volume pushes the Market Lower new Sellers enter the Market as they see the Market falling pushing the Market Lower still.

The Market drops, when all the Buying Volume has been Consumed at the available Price Point, looking for the next Level of Buyers to consume, remember, in a Zero Sum Market for every Seller there has to be an equal Buyer the Market only STOPS falling when there is enough Pending Buying Volume to over-power the available Selling Volume. When this occurs the process happens in reverse this is what drives the Market Order Flow and Market Structure.

Levels of Supply and Demand only tell half the story we need to understand why a Level of Selling or Buying occurred where it did
Attached Image (click to enlarge)
Click to Enlarge Name: 11th Oct 15 GBP:AUD W1 Chart.png Size: 146 KB
  • #29
  • Edited 9:26am Oct 11, 2015 9:10am | Edited 9:26am
Quoting tnavi
{quote} thanks for the advice, bro
Hi tnavi;

It's not really advice just an observation.

If there is enough Buying Volume in the Market this Level of Selling Volume will be consumed and the Market will move Higher.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 11th oct 15 NZD:JPY W1 Chart.png Size: 102 KB
Click to Enlarge Name: 11th Oct 15 NZD:JPY D1 Chart.png Size: 127 KB
  • #30
  • Edited 2:09pm Oct 11, 2015 1:18pm | Edited 2:09pm
EUR/USD D1 Pending Buy Limit

I'm going to be placing a Pending Buy Limit on this pair, the USD has been weak across many pairs the last week.

I might be a little early entering but the potential reward negates the risk.

Always ask yourself who's taking the other side of your Trade and why are they letting you into the Market?

Remember everyone entering the market thinks they are either Buying Low or Selling High.

When entering a Trade hoping to profit you must be entering at or near a price that attracts other Traders to join you it doesn't matter if they are hoping to profit or they are taking a loss you want to be entering at a point where you are Expecting a Market Imbalance in your favour
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 11th Oct 15 EUR:USD W1 Chart.png Size: 97 KB
Click to Enlarge Name: 11th Oct 15 EUR:USD D1 Chart.png Size: 113 KB
  • #31
  • Oct 11, 2015 4:21pm Oct 11, 2015 4:21pm
Quoting stevepatt
{quote} AUD/USD Trade up date {image}
AUD/USD D1 Pending Buy Limit
Attached Image (click to enlarge)
Click to Enlarge Name: 11th Oct 15 AUD:USD D1 Chart.png Size: 89 KB
  • #32
  • Oct 11, 2015 4:24pm Oct 11, 2015 4:24pm
Quoting stevepatt
EUR/USD D1 Pending Buy Limit I'm going to be placing a Pending Buy Limit on this pair, the USD has been weak across many pairs the last week. I might be a little early entering but the potential reward negates the risk. Always ask yourself who's taking the other side of your Trade and why are they letting you into the Market? Remember everyone entering the market thinks they are either Buying Low or Selling High. When entering a Trade hoping to profit you must be entering at or near a price that attracts other Traders to join you it doesn't matter...
EUR/USD D1 Pending Buy Limit

I've set a Pending Buy Limit on this pair as per Post 30
  • #33
  • Oct 11, 2015 6:54pm Oct 11, 2015 6:54pm
Really good view
i like the way you read the market.

thanks
  • #34
  • Oct 12, 2015 1:07am Oct 12, 2015 1:07am
Quoting Bin.Musa
Really good view i like the way you read the market. thanks
Hi Bin.Musa;

Glad you are finding it interesting.

I've been aware of Order Flow and that Forex is a Zero Sum Market but never really understood the implications of this until I've looked at them together.

In a Zero Sum Market for every Buyer there has to be someone willing to Sell to you and visa versa. What I'm still working on is who's Buying in a Strong Down-Trend and who's Selling in a strong Up-Trend?

Is it the Big Institutions positioning themselves on the other side of the Market?

In a Strong Down-Trend, AUD/USD Chart below, are the Big Institutions positioning themselves on the other side of the Market, in this example, Buying into the Down-Trend whilst there are plenty of willing Sellers for their Buy Orders. Unlike us, the small retail Trader, who can get our Orders filled immediately they have to plan well ahead to get themselves positioned into the Market because of the size of Orders they are placing.

This is just me thinking out load and trying to make sense of what I'm seeing.
Attached Image (click to enlarge)
Click to Enlarge Name: 12th Oct 15 AUD:USD W1 Chart.png Size: 106 KB
  • #35
  • Oct 12, 2015 3:19am Oct 12, 2015 3:19am
Quoting stevepatt
{quote} Hi Bin.Musa; Glad you are finding it interesting. I've been aware of Order Flow and that Forex is a Zero Sum Market but never really understood the implications of this until I've looked at them together. In a Zero Sum Market for every Buyer there has to be someone willing to Sell to you and visa versa. What I'm still working on is who's Buying in a Strong Down-Trend and who's Selling in a strong Up-Trend? Is it the Big Institutions positioning themselves on the other side of the Market? In a Strong Down-Trend, AUD/USD Chart below, are the...
u will win some thousands with this long, friend. congrats for this fish!

im going to wait the retracement to enter long too.

MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #36
  • Oct 12, 2015 3:58pm Oct 12, 2015 3:58pm
EUR/CAD D1 Pending Buy Limit
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 12th Oct 15 EUR:CAD W1 Chart.png Size: 82 KB
Click to Enlarge Name: 12th Oct 15 EUR:CAD D1 Chart .png Size: 82 KB
  • #37
  • Oct 13, 2015 12:49am Oct 13, 2015 12:49am
Quoting stevepatt
{quote} GBP/CAD D1 Short Trade This Trade has just triggered {image}
Stop loss hit on this pair +20 pips 0.10R
Attached Image (click to enlarge)
Click to Enlarge Name: 13th Oct 15 GBP:CAD D1 Chart.png Size: 87 KB
  • #38
  • Oct 13, 2015 2:43pm Oct 13, 2015 2:43pm
Quoting stevepatt
EUR/CAD D1 Pending Buy Limit {image} {image}
I've canceled this Trade it wasn't a good setup I would have been Trading back into a Weekly and Daily Balance Zone.
  • #39
  • Oct 14, 2015 3:07pm Oct 14, 2015 3:07pm
Quoting stevepatt
GBP/AUD D1 Short Trade This Trade triggered today. {image}
Stop Loss hit +100 Pips +0.44R
Attached Image (click to enlarge)
Click to Enlarge Name: 14th Oct 15 GBP:AUD D1 Chart.png Size: 87 KB
  • #40
  • Oct 14, 2015 3:10pm Oct 14, 2015 3:10pm
Quoting stevepatt
{quote} AUD/USD D1 Pending Buy Limit {image}
Second Long Trade Triggered.

Taken some time for the Buying Volume to pick up after the Short Term Buyers have taken profit (Sold)
Attached Image (click to enlarge)
Click to Enlarge Name: 14th Oct 15 AUD:USD D1 Chart.png Size: 106 KB
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