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  #2  
Old Jan 1, 2011 4:03pm
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Originally Posted by Carnegie View Post
This is what happened:
The market trended down strongly, then was in a consolidating or congestion, easily drawn by two horizontal lines.
Most of the times, strong trends are followed by a ranged market. Trends are rare, trends resuming just after a pause are rarer. It takes quite a lot of money to create a strong trend and most traders bank accounts are exhausted after such an effort and they'll resume trending another time.

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It almost feels like someone took my girlfriend really.
lol


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Originally Posted by Carnegie View Post
And hope you guys (n' gals) can help me out here, how to "think" where the orders should be and perhaps point me to the direction of getting more info about order flow.
Had you inversed your orders (short at the upper limit, buy at the lower) it seems like you would have been fine.
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Old Jan 2, 2011 12:48pm
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Ah yes but you see, this goes for every single trade that is a loss.
Every loss trade should have been reversed right?
Right, I shouldn't have said it that way.

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But it is rather that the THINKING on my part has to be reversed, which is why I started to ask the questions.
Hope you don't misunderstand me, I found your post very valuable.
Your thinking process seems right to me :
- you studied the chart and found a trend ;
- you used previous experience to create an analysis that can have an edge ;
- you invested based on all that, you lost and now you're trying to understand why and move forward.
The progress will be slow but at least you might become a profitable trader that way later on.

Hint : in my opinion, going the way of market orders/indicator signals isn't really profitable.

I didn't see the third post you are talking about. I've subscribed to the thread and I receive every post in my mailbox but it's not there. Could it be that you were reading another thread ?

Back to your subject : order flow. Forex being a over-the-counter market, it's quite impossible to have reliable order flow data if you're not a major market maker. But it can be done with futures and you can even chart it as show on Brett Steenbarger's blog.
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