Orderflow Mr.SKfX,
You make me laugh with your order flow theory,why tell half truth,Volume and order flow go hand in hand,they cannot exist without the other,so if you are talking about orderflow you must also talk about volume.Also retail traders cannot push around the market,they can only take what is given to them.One advantage we do have is getting in and out of any market.
Huge money traders can and do push the market at times,but they must have a concrette plan for getting in and out of the market before they take a trade.That's why they have to accumilate,buy wholesale,tell their brokers at what prices to start selling retail.Always remember rising prices attracts buyers,so when you talk about order flow,these are resting orders waitnig on the retail traders long before they ever thaught of putting on a trade.Once the sale is over do you think the market can go any further,bull trap followed by short covering,that's why markets fall so hard and fast.Understanding the mechanics of the market will go a long way in you becoming a successful trader.Please don't take this personal,I just don't like when people are holding back,thinking that they will affect their income if they tell all.The market place is to BIG for that.
Thank you |