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  #953  
Old May 19, 2011 12:16am
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Originally Posted by Cyrus View Post
Almost do not follow FF anymore. But wanted to make a rare contribute in tribute to SKFX who started this thread and got me thinking about orderflow.

I'd say, it's a mindset. It's looking at the chart, and thinking about where big money players would most likely begin to place their orders. That's how you get in at the tip of the pinbar or often times even, the high/low of the day.

Also, what situation would force a whole buncha people to NEED liquidity SO badly that they all scramble to hit the market? That's when you see those ridiculously...
One of those posts that make me smile and realize "somebody out there gets it".

You are spot on especially about orderflow being a way of thinking about the market instead of a trading method (which is what most think). It's a mindset game. Sort of like poker in that sense, I guess, though this is a bigger and more complicated environment.

Needless to say, I can confirm this as well:

Quote:
It's a damn useful tool in the box that augments all the other tools. No holy grail here.
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  #959  
Old Jun 7, 2011 10:00am
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Originally Posted by Cyrus View Post
and if you've no clue who the patsy is...
then you are the patsy.

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Originally Posted by Cyrus View Post
and continue to shroud "the holy grail of orderflow method!" with voodoo.
haha no holy grails here my friend. Only a different approach to the market.

Oh and, in my case, lots of coffee.

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Originally Posted by lolpie View Post
Haha, feel free to answer. I was just wondering how some people discovered OF in the first place since the info seems to be all over the place and hard to understand (maybe its just me)
As far as I personally know, there's no one resource that can really "teach" it to you. You teach it to yourself by first learning how the market works especially in terms of market microstructure, market participants, their common incentives, the common practices (such as stop hunting), etc., and then spending a lot of time interacting with the market and developing that orderflow mindset.

If I look at anything outside of that practical aspect (such as forum posts, theories by other people, Darkstar's material, quantitative approaches, etc.) it's merely for inspiration.
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  #961  
Old Jun 7, 2011 11:00am
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I can confirm that (though was never privileged to received any direct tutoring or anything like that) it was by reading Darkstar's posts that I started thinking about this, tried to connect the dots, and started looking at the market from that new perspective. He also indeed gets all credit for the cool term "orderflow". I don't remember anyone using it before.
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  #963  
Old Jun 7, 2011 3:23pm
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Originally Posted by Adal View Post
Order-flow articles from 10 years before FF was born: http://scholar.google.com/scholar?q=orderflow&as_ylo=1992&as_ yhi=1994
Yes but I don't think the term had ever been used as a trading methodology before Darkstar, had it? It simply meant the flow of orders in the orderbook, not a way to actually trade.

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Originally Posted by Adal View Post
As retail advances, it's bound to re-discover decades old research of the pros.

...

Ten years from now this forum maybe will talk about colocation, dispersion, volatility surfaces or quantitative news analysis.
Ten years from now I'd be 33 years old, so I'll definitely be looking forward to that.
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  #981  
Old Jun 10, 2011 4:47pm
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Originally Posted by RichFWebb View Post
"Unexpected" drop in the Eur/USD
Wasn't too "unexpected" for me as I was rather expecting the drop in oil. Stocks aren't helping either, and Tritchet's speech was less likely to move the euro further up. Orderflow-wise, that 4530'ish correction was perfect for going short for me.

Correction on Monday is likely but my overall bias is still rather bearish at the moment; so I'll probably be waiting for another shorting opportunity soon.

We'll see what happens.
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  #993  
Old Jun 15, 2011 10:04pm
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Originally Posted by RichFWebb View Post
"Unexpected" drop in the Eur/USD
Perfect bearish trendline on the daily.
Upcoming rate hike and greek aid package..
Retail short to long 5:1 - the kicker!

Hello vacuum. Perfect time to BUY around 4450

What went wrong?

Am I looking at the OF / fundamentals wrong or was it just a Bad Entry, good outlook, try again monday?

The funny thing is I was short at 4550... 2 pip SL, If only I would have held on past 4450 instead of switching!
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Originally Posted by Marv View Post
Correction on Monday is likely but my overall bias is still rather bearish at the moment; so I'll probably be waiting for another shorting opportunity soon.
Well there you go. Waiting for that shorting opportunity paid off. I hope you didn't hold on too much to your long bias there Rich.

Usually I would establish a bias when I have enough good reasons to and then use orderflow only when waiting for the trade opportunity i.e. to gauge when to enter/exit. If I don't have a clear enough bias, I would basically watch the orderflow for scalping opportunities (raised by short term inefficiencies).
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  #1003  
Old Jun 28, 2011 9:46pm
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Originally Posted by Darkstar View Post
As promised:

Ohh Sweet Liquidity


Enjoy
Cool stuff, thank you.

It's nice to see where it all started.
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  #1030  
Old May 4, 2012 4:06pm
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I have the book and I agree, no special secrets in there. Especially that most of the stuff is in Darkstar's posts already. The book is not long and does not go too deep into the subject, which was a little disappointing considering the price tag. It's definitely a good book, just overpriced (DS is a good salesman ). If money is tight, I would skip buying it and just collect Darkstar's posts and study them well.

Orderflow is definitely no magical shortcut to kicking ass at trading, just another way of looking at the market (a good one, that is) and can be used creatively and nicely integrates into what you already use.
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