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  #205  
Old Jan 19, 2011 4:34pm
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I've not had a chance to read this entire thread, just the first two pages so forgive me if you've already established everything I'm about to say!

My interpretation of order flow is very simple; it's defined by the market liquidity.

This is described on a chart as a trend in a range and consolidation in a range or: range, to trend, to range.

Rinse and repeat.

Trend is defined by the move long or short out of the previous range; the time frame is irrelevant.

Ranges are often drawn on charts as trendlines (diagonals) or S/R (horizontals), ranges can form inside other ranges and 'break-out' to fill the upper and lower scale of the outer range. Typically when breaking long the former range now becomes support and when breaking lower the range now becomes resistance.

Ranges should not be confused with consolidation; consolidation in my mind is liquidity 'balance' where price condenses (this can be as small as 10 pips or larger than 100) along the horizontal with an upper and lower limit defined by pivots - the classic 'rectangle' price action.

How to trade liquidity varies wildly on your money management, risk/reward levels and preferred time frame.
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  #206  
Old Jan 19, 2011 4:40pm
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Quote:
Originally Posted by Bleek View Post
Ranges should not be confused with consolidation; consolidation in my mind is liquidity 'balance' where price condenses ...
I should qualify that, by balance I don't mean on a knife-edge, I mean buyers and sellers fulfilling each others orders in a set scale of price, like a game of tennis bouncing price off each other until finally one side overpowers the other through excess liquidity.
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  #222  
Old Jan 20, 2011 3:28am
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I just realised my comments were way behind the times, some of you have already discovered the 'void'! I'm no expert but I do trade market/exchange mechanics with pretty good success. I don't use any Technicals or Fundamentals at all.

I'll have a proper read through and see if I can chip in with anything of worth later.
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  #452  
Old Jan 25, 2011 5:08am
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There are a few 'magic numbers' in the market where you don't need a chart to trade them. I can only assume these are psychological numbers for many, many traders - a bit like Fibs but stronger (and arguably simpler).

Hence in my journal I eluded to the fact I didn't always trade with a chart; today's EURUSD being a perfect example of a +80 pip trade without a chart.
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  #466  
Old Jan 27, 2011 6:52am
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I think people are looking too hard, keep it simple.
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