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  #582  
Old Sep 22, 2009 9:42am
Surf The Waves
 
Member Since Aug 2008
Thumbs up Great Stuff

Excellent thread and great discussions on price-orderflow. What is the relationship between price-orderflow and level 2 quotes? If level 2 quotes could be obtained for the forex market (some here have access to that data), how can that information be used to efficiently trade the forex market...

I have been doing research on the above-mentioned and the information seems quite limited. Still researching. This thread has awakened my mind to new possibilities. Thank you.


fxpilot
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  #739  
Old Oct 14, 2009 10:17am
Surf The Waves
 
Member Since Aug 2008
Thumbs up EURJPY

A classic example of price-orderflow at work on the EURJPY 1 hour chart. Guess where the stops were? Buy orders were executed at the break of resistance line. Stops below were triggered, causing price to drop 76 pips in 15 minutes. A similar thing occurred when price broke support this morning during london session. The sellers were hit hard. 176 pips today playing price-orderflow on EURJPY. A similar occurrence on GBPUSD.
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