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Going With The Order Flow

  • #61
  • Oct 25, 2015 10:02am Oct 25, 2015 10:02am
Quoting stevepatt
{quote} USD/JPY D1 Short Trade has triggered I now have two Open Trades and EUR/USD Pending Buy Limit {image}
USD/JPY Update

Being able to read the PEOPLE participating within the Market gives far more information than trying to analyse price movement.
Attached Image (click to enlarge)
Click to Enlarge Name: 25th Oct 15 USD:JPY MN Chart.png Size: 206 KB
  • #62
  • Oct 25, 2015 10:12am Oct 25, 2015 10:12am
Quoting stevepatt
For the Market to move there has to be an Imbalance in the Order Flow. The EUR/USD Chart, below, has obviously been in a Down-Trend (Bearish Imbalance) that had it's Lowest Low in March this year since then the Market has made a series of HL. An obvious observation is that the Market is running out of Selling Volume but there isn't enough Buying Volume entering the Market to push it higher. The Market needs to reach the next Zone of significant Pending Volume, for that Volume, to take effect on the Market. This is how the Markets move sometimes...
EUR/USD D1 Long Trade

Stop Loss hit (-199 Pips) (-1R)

ECB Press Conference caused this to drop, it's these news events that create volatility within the Markets some you win some you lose.
Attached Image (click to enlarge)
Click to Enlarge Name: 24th Oct 15 EUR:USD D1 Chart .png Size: 89 KB
  • #63
  • Edited 4:00pm Oct 25, 2015 11:25am | Edited 4:00pm
Quoting stevepatt
{quote} NZD/USD D1 Long Trade has triggered {image}
NZD/USD D1 Long Trade Update
Attached Image (click to enlarge)
Click to Enlarge Name: 25th Oct 15 NZD:USD D1 Chart.png Size: 209 KB
  • #64
  • Oct 25, 2015 4:00pm Oct 25, 2015 4:00pm
Quoting stevepatt
GBP/CAD D1 Pending Buy Limit Order {image}
GBP/CAD D1 Long Trade Update

Looks like I've got this one wrong I'll be exiting when the Markets open.
Attached Image (click to enlarge)
Click to Enlarge Name: 25th Oct 15 GBP:CAD W1 Chart.png Size: 100 KB
  • #65
  • Oct 26, 2015 3:18am Oct 26, 2015 3:18am
Quoting stevepatt
{quote} GBP/CAD D1 Long Trade Update Looks like I've got this one wrong I'll be exiting when the Markets open. {image}
I've closed this Trade for a small gain.

GBP/CAD D1 Pending Sell Stop Order
Attached Image (click to enlarge)
Click to Enlarge Name: 26th Oct 15 GBP:CAD D1 Chart.png Size: 138 KB
  • #66
  • Oct 26, 2015 5:47am Oct 26, 2015 5:47am
Nice thread, keep up the good work!​
We become what we think about
  • #67
  • Oct 26, 2015 5:21pm Oct 26, 2015 5:21pm
EUR/USD D1 Pending Sell Limit Order
Attached Image (click to enlarge)
Click to Enlarge Name: 26th Oct 15 EUR:USD W1 Chart.png Size: 87 KB
  • #68
  • Oct 30, 2015 4:15am Oct 30, 2015 4:15am
Thanks Steve,I often had thoughts along these lines and now to hear you voice it and explain it is very interesting and educating,Im in,
Keep up the great work Steve,
GW
IMPROVISE ADAPT OVERCOME
  • #69
  • Oct 30, 2015 4:13pm Oct 30, 2015 4:13pm
Quoting stevepatt
{quote} NZD/USD D1 Long Trade Update {image}
NZD/USD Stop Loss Hit (-5 Pips)

I've re-entered Long on this pair
Attached Image (click to enlarge)
Click to Enlarge Name: 30th Oct 15 NZD:USD D1 Chart.png Size: 103 KB
  • #70
  • Edited 5:01pm Oct 30, 2015 4:15pm | Edited 5:01pm
Quoting stevepatt
{quote} I've closed this Trade for a small gain. GBP/CAD D1 Pending Sell Stop Order {image}
GBP/CAD D1 Short Trade
Attached Image (click to enlarge)
Click to Enlarge Name: 30th Oct 15 GBP:CAD D1 Chart.png Size: 108 KB
  • #71
  • Edited 5:01pm Oct 30, 2015 4:18pm | Edited 5:01pm
Quoting stevepatt
{quote} USD/JPY Update Being able to read the PEOPLE participating within the Market gives far more information than trying to analyse price movement. {image}
USD/JPY D1 Short Trade Update
Attached Image (click to enlarge)
Click to Enlarge Name: 30th Oct 15 USD:JPY D1 Chart.png Size: 99 KB
  • #72
  • Edited 5:01pm Oct 30, 2015 4:19pm | Edited 5:01pm
Quoting stevepatt
EUR/USD D1 Pending Sell Limit Order {image}
I've canceled this Pending Sell Limit Order when it failed to trigger
Attached Image (click to enlarge)
Click to Enlarge Name: 30th Oct 15 EUR:USD D1 Chart.png Size: 75 KB
  • #73
  • Edited 5:02pm Oct 30, 2015 4:41pm | Edited 5:02pm
Here's a link to a couple other threads that be helpful

http://www.forexfactory.com/showthread.php?t=561478

http://www.forexfactory.com/showthread.php?t=562581
  • #74
  • Oct 31, 2015 5:40am Oct 31, 2015 5:40am
Big Money can't just enter the Market when they want to it has to be planed.

If Big Money wants to Buy they have to enter the market at a Zone with Heavy Selling so there is someone to take the other side of their Trade. Remember this is a Zero Sum game.

Without Heavy Selling Volume, to Buy into, they would be filled at much worse Prices as their Buy Orders would be consuming all the weak Selling Volume and pushing the Market higher.

By Buying into a Strong Supply of Selling Volume their Orders are filled at much better Prices and this creates a Zone of Market Balance.

Once all the Selling Volume has been consumed the Market moves higher looking for the next Zone of Selling Volume to consume.

Remember a Zone of Market Balance is created when Buying and Selling Volume is more or less equal.

We need to be able to read what the Big Money is planing when we see these Balance Zones.
Attached Image (click to enlarge)
Click to Enlarge Name: 31st Oct AUD:USD W1 Chart.png Size: 118 KB
  • #75
  • Nov 13, 2015 5:17am Nov 13, 2015 5:17am
Hi Stevepatt,
love the way you read charts..
you trade the daily tf but follow what the weekly is doing, am i correct?

thanks
  • #76
  • Nov 13, 2015 8:49am Nov 13, 2015 8:49am
Quoting forexday
Hi Stevepatt, love the way you read charts.. you trade the daily tf but follow what the weekly is doing, am i correct? thanks
Hi forexday;

I'm looking at the Weekly and Monthly to find Trades on the Daily.

I'm finding it difficult to get a good Risk to Reward Ratio Trading the Daily TF at the moment.

I've even been looking at taking Trades on lower Tfs but this isn't so easy for me because of work commitments. I've been following TRD's thread http://www.forexfactory.com/showthread.php?t=562581 he has a far deeper understanding of Order Flow than I do.

Once you start to understand what the Big Institutions are doing to place their BIG ORDERS into the Market, at the best Market Price they can, this takes you beyond Market Analysis and into the Markets themselves.

Look for the obvious Stop Loss placements Big Institutions love these Levels because they provide them with Volume to Accumulate their positions. You know when they are Accumulating when you see the Market is in Balance when they have Accumulated their Orders they execute the Distribution phase, that's when you see sudden Market Momentum as they have consumed all the Orders on the other side of their position.
  • #77
  • Nov 14, 2015 3:54am Nov 14, 2015 3:54am
Thank you stevepatt for your response.
Ghee, we moving in opposite directions regarding TFs
Will take a look at TRDs thread, thanks.

Have a lovely week end.
  • #78
  • Nov 14, 2015 4:35am Nov 14, 2015 4:35am
Quoting forexday
Thank you stevepatt for your response. Ghee, we moving in opposite directions regarding TFs Will take a look at TRDs thread, thanks. Have a lovely week end.

Hi forexday;

When Technically Studying charts and Trading PA I've always found higher TFs work for me.

Once you study Order Flow and gain a deeper understanding of what is happening within the Market you can see Order Flow working in all the TFs.

By following TRD's thread I'm getting a better understanding of Trading Order Flow on the lower TFs.

I never thought I would hear myself saying that because, like I've said, when doing Technical Analysis and Trading PA I've always found it easier Trading higher TFs.

I've been learning Trading for the last five years it's only since re-discovering Order Flow / Market Structure and being aware of Trading in a Zero Sum Market that I feel I'm starting to get to deeper understanding of the Markets.

I've still got a long way to go, I'd advice anyone starting out Trading to skip the system route altogether and go straight into studying the above.
  • #79
  • Nov 14, 2015 5:57am Nov 14, 2015 5:57am
Hi stevepatt,

Thank you for your adv, I appreciate it.
Will def look into TRDs thread tonight..
Enjoy whats left of Saturday...
  • #80
  • Nov 15, 2015 2:35am Nov 15, 2015 2:35am
Hey Steve

Interesting thread, I've been trading very similar to your style ( I thought I was on my own to be honest) and I've been working hard lately to put it in a workable format... A couple of thoughts from me, where I'm heading and a few questions I ask myself
1.Structure levels aren't all the same as in orders they hold
2. What is needed to change current situation and how can the smart money take advantage of
3.What is the intention of the price action and what is smart moneys intentions
4.What are the triggers for dumb money to get involved in the market
5.What is the action, is it buying, selling covering and who's doing it (smart or dumb money)
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