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  #997  
Old Jun 21, 2011 1:13pm
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Hi all

well, what a thread Steve

I am on pg. 22 and tbh its a real eye-opener. I am a J16 pupil originally but my trading has improved lately due to Sam Seidan's Demand and Supply and I think this OF mindset can bring me to the next level.

I am also a fan of Darkstars OF.

Ok, I am going over Steve's charts from [pg.1 [/b]and s/thing struck me (it maybe nothing), on the Euro - Dollar we have the boxed consolidation at the top, price breaks with previous support now new resistance. Then we have a break of this minor PPZ with the spike triggering the buys.

2 things here: 1)the gap between the boxed consolidation and the spike is very conspicuous - it doesnt look right 2) I believe the spike was a DEALER manouvre. The DEALER can see the big boys have a huge sell order but before they release on to the market they let the UNINFORMED traders buy the market. Furthermore, this spike takes out the shorts who had tight SLs. This leaves 2 participants - the DEALER and THE BIG FISH . My take on Steve's SPEED idea is that OF traders act once they see who is left in the market. They need to see the market shake out the UNINFOMRED traders as they know the trade

1. IS HIGH PROBABILITY (COAT TAILLING)
2. THE MOVE HAS ENOUGH MONEY ON BOARD FOR IT BE SUBSTANTIAL

Am I on the right track?
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  #998  
Old Jun 24, 2011 3:55am
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I see I am speaking to myself but thats good b/cuz Ill win all the arguments


ok, so got to page 48 of the thread and tbh my head began to melt - too much info , all of which needs to be investigated to see if I can use it in my forex weaponry

took a break last night , had a beer and contemplated whether OF is definable and any use to me

trained this morning, took the wee man to nursery and began repeating the info from the thread whilst driving

came home and did a diagram of what I think OF is. the main focus was what the thread began with

who is in the market? why? where?
OF is what you cant see (but can be learnt)
Institutional orders are broken up
Institutions take profits and Stop hunt the greedy and fearful retail herd particularly scalpers / daytraders

I conclude that:
The people who see Institutional orders dont need charts and so know in advance where S/R is
The retail crowd do b/cuz they cant see the big orders
Dont underestimate the Dealer

but

Informed Retail traders can see the signals / foot prints left behind from the informed traders if they are research, are patient and have a strategy.

So, 20 more pages to go and tbh quite alot of research

Happy trading folks

Anthony

just had another 'a ha' moment - Steve said that its what is in the WHITE SPACE which is where we should be looking - I think I know what this means
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  #999  
Old Jun 24, 2011 5:31am
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Default Oanda Open Interest

neither the live or demo account has it, bummer
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  #1000  
Old Jun 24, 2011 7:25am
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thanks eurotrash!
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  #1004  
Old Jun 29, 2011 1:28am
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Thanks for the gem Darkstar !

This is a big help especially as I am looking around for the things you mention here in 2010

Anthony
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  #1021  
Old Jul 27, 2011 7:45am
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Default Possible Stop Hunt on the Yen?

Hi traders

I frequently see a stop hunt on the London and NY open just to get enough money on board before it makes its move in the opposite direction

Features of these stop hunts are they stick out from the rest of the bars ie there is notable space and they are almost close like Pins.

Similarly, once the move is up a bit , itll come back, this is either a stop hunt (taking out scalpers, and late comers) or take profits.

I think the big fish are able to think like the small fish and so exploit this. They have the power to move price (or they know other movers using Level 2 data) and so take advantage of this

Any comments are welcome

Anthony
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  #1022  
Old Jul 27, 2011 10:59am
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doesnt look like a Stop hunt now, price heading up on back of news release but itll be interesting to see if it takes out the RN of 78 (where my SL is !)

or maybe todays daily move up to 78.50 is the stop hunt before it can resume the move down
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