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
