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Trading Institutional Order Flow

  • #1,041
  • Aug 15, 2016 10:56am Aug 15, 2016 10:56am
Quoting tradermic
my idea {image}
Hello trader mic.
thank you for sharing your idea.

If i may,
that wick makes the trade a bit more risky.
There are likely to be a significant number of stops right below there
and if you look just below and to the left of it there are demand zones
the wick would be considered a bear trap.
I would look to buy not far below that wick

best wishes
Be careful what you think because your thoughts run your life..Solomon
  • #1,042
  • Aug 16, 2016 1:40am Aug 16, 2016 1:40am
Thanks @Akt

Yesterday I had a new Idea, difficult timeframe but good crv

but not fill
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  • #1,043
  • Aug 16, 2016 1:48am Aug 16, 2016 1:48am
Quoting tradermic
Thanks @Akt Yesterday I had a new Idea, difficult timeframe but good crv but not fill {image}
Hello tradermic.

Sorry to hear that.
Question though...your entry price is the line inside the zone? Why there please?

best wishes
Be careful what you think because your thoughts run your life..Solomon
  • #1,044
  • Aug 16, 2016 1:57am Aug 16, 2016 1:57am
Hello everyone.

I thought I would start the day off with a note to myself as to a motto/creed I do not follow.
I found it in a book i am reading currently by Frank J. Williams called "If you must Speculate, learn the rules"

The Creed of the new speculator, "I want to make a lot of money on little capital in a short time without working on it".

Here is a quote I do agree with, from Michaelangelo, I believe, talking about one of his masterpieces,

"If you knew how much work went into it, you would not call it genius".

If we underestimate the time, the work and the energy, both physical and emotional, that is required to be consistently successful in trading, we are going down the road of a lot of pain.

I recently heard a very successful trader Greg Sciabica, say this, "because someone funds a trading account and has access to the markets doesn't make them a trader, that's like me buying a guitar and calling myself a musician"

So speculator, Are you ready?

Best wishes
Be careful what you think because your thoughts run your life..Solomon
  • #1,045
  • Aug 16, 2016 3:48am Aug 16, 2016 3:48am
@Akt: I'm stingy, the location was very tricky!

new Trade:
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  • #1,046
  • Aug 16, 2016 11:13am Aug 16, 2016 11:13am
Quoting tradermic
@Akt: I'm stingy, the location was very tricky! new Trade: {image} {image}
Hello tradermic

Congrats on the Eur/Yen trade.

if i may, please watch those risk to reward ratios. They are really important for overall portfolio health, in conjunction with your overall win percentage

best wishes
Be careful what you think because your thoughts run your life..Solomon
  • #1,047
  • Aug 16, 2016 12:23pm Aug 16, 2016 12:23pm
Hello everyone

Trade idea in NZD/CAD

best wishes

Attached Image (click to enlarge)
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Be careful what you think because your thoughts run your life..Solomon
  • #1,048
  • Aug 16, 2016 12:28pm Aug 16, 2016 12:28pm
@Akt: thanks for your Input!

when i have 1 : 1 , I close 2/3 my position and trail with the rest , it is better for my psyche .
forex -with the large stops- is new for me ; I come from the future market and there is my sl max. 10 points.

Sorry, for my bad Google English
  • #1,049
  • Aug 16, 2016 12:42pm Aug 16, 2016 12:42pm
Quoting tradermic
@Akt: thanks for your Input! when i have 1 : 1 , I close 2/3 my position and trail with the rest , it is better for my psyche . forex -with the large stops- is new for me ; I come from the future market and there is my sl max. 10 points. Sorry, for my bad Google English
Hi tradermic.

I come from the world of futures too
The thing with taking smaller profit targets or scaling is that yes it helps your psyche which is good. However it also requires you to have a high win percentage for long term profitability.

I know because i used to use a similar system, still do sometimes, when i want to manage my psyche like you. I realize in the longer term it may result in some issues though.So i have scaled back on it.

thanks for sharing

best wishes
Be careful what you think because your thoughts run your life..Solomon
  • #1,050
  • Aug 16, 2016 2:50pm Aug 16, 2016 2:50pm
@Akt: yes, i have a very good qoute win percentage
  • #1,051
  • Edited Aug 17, 2016 11:19am Aug 16, 2016 4:56pm | Edited Aug 17, 2016 11:19am
Quoting Akt
Hello everyone Trade idea in NZD/CAD best wishes {image}
Dear Akt, Can you please throw some light on determining that a particular area contains unfilled orders? If that's been already explained in thread then kindly redirect me.

Regards
Forex; the game of movements not the game of candles.
  • #1,052
  • Aug 17, 2016 11:12am Aug 17, 2016 11:12am
Quoting Sajid
{quote} Dear Akt, Can you please throw some light on determining that a particular contains area unfilled orders? If that's been already explained in thread then kindly redirect me. Regards
Hello Sajid. Good to meet you. Welcome

Determining that an are contains unfilled orders is pretty much the same method used in determining the zones.

Lets talk about it.

Every market has buyers matched up with sellers. For every buyer there is a seller. If this equation remains the same, ie the number of buy orders at a price level remains the same as the sell orders then price will remain at that level.

The minute once side becomes greater than the other, prices will move in the direction of the side that orders are most. If sell orders take over, prices have to fall to find buyers to fill those order.
If buy order prevail, prices must rise to find traders willing to sell to those buyers.

This is how we get the big moves. The premise is that the origin of these big moves is where the buy and sell orders are sitting, unfilled.


I hope that helps

best wishes
Be careful what you think because your thoughts run your life..Solomon
  • #1,053
  • Aug 17, 2016 11:19am Aug 17, 2016 11:19am
Quoting Akt
{quote} Hello Sajid. Good to meet you.
Thank you very much. May the green pips be always with you.
Forex; the game of movements not the game of candles.
  • #1,054
  • Aug 17, 2016 11:20am Aug 17, 2016 11:20am
My Post 1.040 > LOSS
  • #1,055
  • Aug 17, 2016 11:52am Aug 17, 2016 11:52am
How will will you determine these zones on a chart? I have seen some success with using volume profile and seeing how price reacts when it gets close to these congestion zones. I think market hates both the dense and sparse areas on these volume profiles. It wants to find an equilibrium somewhere in middle.





Quoting Akt
{quote} Hello Sajid. Good to meet you. Welcome Determining that an are contains unfilled orders is pretty much the same method used in determining the zones. Lets talk about it. Every market has buyers matched up with sellers. For every buyer there is a seller. If this equation remains the same, ie the number of buy orders at a price level remains the same as the sell orders then price will remain at that level. The minute once side becomes greater than the other, prices will move in the direction of the side that orders are most. If sell orders...
Its all in the mind.
  • #1,056
  • Aug 17, 2016 12:25pm Aug 17, 2016 12:25pm
Quoting tradermic
My Post 1.040 > LOSS
Hi tradermic, sorry to hear that.
You know it's part of the activity. No matter.

Next trade...

best wishes
Be careful what you think because your thoughts run your life..Solomon
  • #1,057
  • Aug 17, 2016 12:28pm Aug 17, 2016 12:28pm
Quoting 5abi
How will will you determine these zones on a chart? I have seen some success with using volume profile and seeing how price reacts when it gets close to these congestion zones. I think market hates both the dense and sparse areas on these volume profiles. It wants to find an equilibrium somewhere in middle. {quote}
Hello 5abi. Welcome. Good to meet you.

I don't use volume profile so i can't comment on it I am afraid.

I do know that there are many S.A.D traders who use the Supply and demand methodology as the foundation and then layer some other tools on top of it.
The great thing about the methodology is it's adaptability and how easy it is to add filters.
Not a lot but one or two, with rules to guide their use.
The foundation must always remain the zones though.

best wishes
Be careful what you think because your thoughts run your life..Solomon
  • #1,058
  • Aug 17, 2016 3:46pm Aug 17, 2016 3:46pm
new example today
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  • #1,059
  • Aug 18, 2016 1:57am Aug 18, 2016 1:57am
Quoting tradermic
new example today {image}
Hello tradermic.
What time frame is this please?

best wishes
Be careful what you think because your thoughts run your life..Solomon
  • #1,060
  • Aug 18, 2016 5:53am Aug 18, 2016 5:53am
@Akt: 30m, Broker Dukascopy; you can see the same at 6E
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