...and areas of least resistance

(binned per thread starter's request) Behind Price-Orderflow

As Merlin has already stated in another thread. Order flow is useless without the 'tape'. Reading orderflow without charts is possible if you can read the tape. Tape reflects orders being executed and charts show the history of the tape action. So ...

(binned per thread starter's request) Behind Price-Orderflow

Ok, thanks. Peace But I am sure those getting it would have interpretations in how they get it and how order flow info is used.

(binned per thread starter's request) Behind Price-Orderflow

Lol, thanks Lim. I thought we were both on the same level. Always learning. The way I see it is that order flow is reflected in price. An imbalance of order flow shows buyers dominating sellers or vice versa. This shows up on a chart as true ...

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Well thanks for your really great input. I am sure you are profitable using your methods, as is Dan, and so are many of us doing the digging here. I don't need to know more than I know because I am profitable. It does not mean we cannot explore the ...

(binned per thread starter's request) Behind Price-Orderflow

I hope you were talking metaphorically in your MacD example. But I do notice you like your 55 ema, so maybe not. This discussion goes way beyond indicators and even price action itself although pa should be included as an important element imo. But ...

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"to cope with the lack of order depth insight, you can look at the CME currency futures level 2. they track well with the forex market. i dont scalp, but if i did this is the setup i would use. btw, anyone used "the matrix" in TradeStation? awesome ...

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Some info url url url London Stock Exchange info attached I think essentially, if you can identify true areas of supply demand (SR) - no brainer, and use level 2 data to identify the strength of those levels then you are pretty much sorted. ...

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[quote=Scotty B;3008527] The usefulness of level 2 data remains inconclusive it seems after a quick web scan. I'd say you don't really need it. I don't. Hard work is only necessary if you are looking at the right stuff. Nice discussion though. Other ...

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Interesting answers from the worlds greatest scalper Paul Rotter (nice name) who uses indicators and the order book: Q: what timeframes are you using on your charts? A: usually 5 - 30 min charts for trendlines and indicators. i prefer p&f charts ...

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Ok I think we got our wires crossed. I was basically describing front running and hw large limit orders can be used by the informed large traders. Large traders competing between large traders (they don't all trade the same way and they do get it ...

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Yes exactly, but Limit Orders are also not guaranteed as the market may turn before price reaches it. Guru Larry says " Well informed traders tend to submit market orders rather than limit orders...as they subject the limit order traders to adverse ...

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The point I was making that Limit Orders are the origins of liquidity as it encourages market orders that both create liquidity and demand it. So agree, if there were no Limit Orders there would be no liquidity. Surely, if you have a large or stack ...

(binned per thread starter's request) Behind Price-Orderflow

I don't think anyone is fighting over the subject. I think most here understand demand and supply but delving deeper to understand what is happening behind those charts can only enhance ones trading.

(binned per thread starter's request) Behind Price-Orderflow

But those charts and those levels do show price reaching back to areas of previous origins of supply possibly and most likely triggering limit orders to the sell side or market orders entering before limit orders getting triggered.

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Order Types — From my partial reading of the material in my previous post, if I understand it correctly (if not please tell me): Limit orders encourage liquidity. These can be seen. Market orders dry up liquidity. These cannot be seen. Limit ...

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Here is Larry's book which is not the full version but will give you some insight I am sure. And a book review which summarises a few things.

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Two words: Fear and Greed (ok that's 3, doh!). Think about it. Ok who put up the thread 'Trading Without Charts' using their spare computer with a different FF user name??? Nice try

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It really is that simple. Supply and demand. Watch out for the bluffers and understand market inefficiencies eg. bank traders HAVE to trade so many transactions per day/week, they have no choice (hence one way trading between supply and demand). ...

(binned per thread starter's request) Behind Price-Orderflow