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Order Flow - Finding cluster of stops on chart
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Jan 8, 2011 7:59pm
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Originally Posted by Carnegie Hi guys,
Since the FX market is OTC, there is no "center" orderbook or whatever I should call it. What we have is FXCMs orderbook, OANDAs orderbook etc. which wont help at all because no big banks or big indivduals trade their order thru these small retail brokers.
| ill give u a clue,the system is manipulated for us small guys to loose ,this is simply an exchange u think banks will be dumm enough to create a marketplace so u can take enormous amounts of money from them,no sir
ok what i started doing,is go to the oanda positions tools lab and etoro open positions and do evrything the opposite that traders do,i tryed it this week and scooped 40 pips with uscad,fxcm has it too on dailyfx
btw ur young,come to college traders threats and trading limit orders ull be suprised to know that there is many of college kids here,im 18 in march too
cheers
btw read master the markets tom williams the best book evr written and also read jesse livermores books,
__________________ BIBLE: GENESIS CHAPTER 11.There is no safe limits building to the skys.Over time structures strengths of materials cannot overcome natural forces. This because nature is beyond man's conquest. Time erodes all. | 
Jan 10, 2011 1:05am
| | thanks for all ur comments,i mostly learn all this stuff,as i make a trading mistake then fix it up and get my money back,lol
__________________ BIBLE: GENESIS CHAPTER 11.There is no safe limits building to the skys.Over time structures strengths of materials cannot overcome natural forces. This because nature is beyond man's conquest. Time erodes all. | 
Jan 10, 2011 6:44am
| | carnegie ask questions and demand answers the only way to find out whats happening
__________________ BIBLE: GENESIS CHAPTER 11.There is no safe limits building to the skys.Over time structures strengths of materials cannot overcome natural forces. This because nature is beyond man's conquest. Time erodes all. | 
Jan 13, 2011 8:24am
| | thanx for researching,cleard | 
Jan 13, 2011 8:59am
| | u know cidneyxxxx i actually thought u were a girl before,lol | 
Jan 14, 2011 11:27am
| | heres my vsa take on this
im just finishing reading mtm | 
Jan 14, 2011 11:35am
| | can anyoen explain to me why on monday it fell so much,could have they been dumping it to asian central banks,at sydney-tokyo open,i understand that some buyers of their sell orders were found,im guessing they unloaded the goods to quickly, | 
Jan 14, 2011 11:42am
| | but isnt vsa liquidity,as we are analysing volume with comparison,to price,we can see where the the aka smart money is(sprecialists,proffessional trading syndicates...)and with candlestick readings their intentions in the market
have a great weekend too,im looking forward to learn more from experienced traders posting here
hm i think i found my answer for monday,sell orders,shorts and low liqidity ,so high volatility is the result,just like trading in december when evryones on holiday | 
Jan 15, 2011 3:11pm
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Originally Posted by Louie I think what Carnegie is saying is VSA is not of any value to a trader in the spot Fx market. Not all of the trades are going through a central location such as the stock market or futures market where VSA can be of some value if that is your way.... | thanks for reply,i got a bit confused here,because im a big sleepyhead and dont pay attention too much,
i think its around that level because of the last supply level ,if u notice before it rose it up,when it was down,it hit a supply level on 1.3018then down a bit,and retraced ,to analyse supply i look at daily chart and mark supply levels from previous trend,to see todays reaction to it,
2 pictures,one from uptrend supply ,and the other from downtrend supply
the resistance is quite clear,this could mean
but if we look at the h1 chart we can see the bars closing in mid range ,and rising trend accompanied by high volume,buyers are in,supply absorbed,
but why does it keep stopping in on the supply line?,could the euro rally be supported by its debt auction this week,and spain italy nd euro countries getting help | 
Jan 15, 2011 3:21pm
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Originally Posted by FXSurfer IMO the more you try and turn what's being discussed (loosely) here into a pattern search - you start drifting off course.
Let's look at what IMO drifting completely off course would be:
(Static, hopeful, lazy mindset)
Identify a particular pattern.
Predict the future, place your trade and cross your fingers.
In contrast to:
(Actively engaged, aware of change, working mindset)
Working toward developing a market generated feed-back oriented view of the market.
Placing your trades within a discerned condition and holding, adding, exiting... | well said surfer,
heres a quote from jessie livermore
"THE game of speculation is the most uniformly
fascinating game in the world. But it is not a game
for the stupid, the mentally lazy, the man of
inferior emotional balance, nor for the get-rich-quick
adventurer. They will die poor."
"Actively engaged, aware of change"
this takes someone to teach u the importance of this,and also experience to activate the brain ,(theres a threat about this on ff,about our brain and subconcious mind),adopting to the market,as its a big jungle,where only the toughest survive,even the small bugs camouflage themselves to stay unseen,(absortion)lol | 
Jan 17, 2011 9:28pm
| | whats interesting to me is that when i go back in history of the chart ,the last days of august are always volatile ,and are deadly for trendfollowers
i look back and i see the same volatility for the last 3 years,does anyone know why that is?
its abit like trendfollowing in december | 
Jan 17, 2011 9:30pm
| | heres what it looks like | 
Jan 18, 2011 6:04pm
| | dark star what is that? | 
Jan 18, 2011 7:03pm
| | could the pending orders and the dropping price have something in common?
i reckon its absorption of stop losses ,thus creating more liquidity and buying cheaper | 
Jan 18, 2011 7:06pm
| | btw,what is latent,mm and tech?
what i got from google
present but not visible, apparent, or actualized; existing as potential
supply ,holders present? | 
Jan 19, 2011 5:45am
| | the hell magic,to understand this ill read ur book,the echange book and all different book just to get the understanding
keep up the good work ds,cant wait 4ur book,its like harry potter for us traders |  | |
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