DislikedLoving the chat here about market flow etc, have opened a CTrade account to gain further experience away from MT4, would love some help towards where I would find an indicator like I see on 392. Blessings to you allIgnored
DJ
How to flow with the order flow? 26 replies
Applying Order Flow & Volume Profiles To Futures Trading 121 replies
Reading Order Flow 19 replies
Order Flow 26 replies
Oanda Order Flow Box 5 replies
DislikedLoving the chat here about market flow etc, have opened a CTrade account to gain further experience away from MT4, would love some help towards where I would find an indicator like I see on 392. Blessings to you allIgnored
DislikedLoving the chat here about market flow etc, have opened a CTrade account to gain further experience away from MT4, would love some help towards where I would find an indicator like I see on 392. Blessings to you allIgnored
This appears to be something taken from a screen shot on an oanda platform, and if it is, please keep in mind that any volume information given is confined to their own internal market. Not the overall market at large. In other words, it is showing transactions from strictly oanda platform traders.
Finally what market is this? I tried to figure it out by looking at my own platform, but didn't feel like slogging through all 65 markets available and comparing each one...in addition there is no date given so I don't even know what day this is?
When you have some more well defined information, please present this and lets have a logical conversation. To present me with some (apparently) self constructed graphic with no data to accompany it is like shooting in the dark with a blind fold.
Disliked{quote} Greetings, Getting my head around this new software, have found the standard DOM indicator, would still like to be able to get the chart into full screen if one of you kind fellow traders can help please. DJIgnored
Disliked{quote} Greetings, Getting my head around this new software, have found the standard DOM indicator, would still like to be able to get the chart into full screen if one of you kind fellow traders can help please. DJIgnored
Disliked{quote} In order for me to answer your question I need to know what I'm looking at...I have looked at this several times and can't seem to figure it out. I have noted your graphic and have specific questions for each number listed: Is this a liquidity graph? In other words does the histogram listed show potential (unfilled) volume or transacted volume? If it is a liquidity graph it is backwards. The Sells should be ABOVE the current price and the Buys should be BELOW the current price. I am assuming that the current price is the green line (#3)....Ignored
Disliked{quote} It's from Oanda's order book EURUSD graph, clean buy/sell open positions from Fridays daily candle (I drawed the candle on the graph) the green line is the close of the candle and the blue line the most of the volume. Sorry, I didn't gave other info, because I just wanted a clean answer for the drawn candle on the graph. I hope you can answer without being distructed. Thank you.Ignored
Disliked{quote} I'm not sure what you mean by a "clean" answer...however, I would reiterate that with Oanda's platform, they are not giving you the FX market within the interbank volume...they are only giving you the positions and transactions of Oanda's traders. It is a tiny fraction of the market and cannot be relied upon as accurate to the larger market That being said, it appears from you graph, as there was ONLY buying occurring within the price range of your candle (drawn by hand). Again, this clearly doesn't make any sense because with ALL buying...Ignored
Disliked{quote} First of all I want to thank you again for your kind words and your patience with my response as I have been involved in many issues of a personal nature that have occupied my time for many months. Thus I have not been as active on this forum as I could be...and (due to just down right nasty behavior) I have been very disappointed in the responses of some individuals, leading me to question the purpose of doing this...that being said I have decided to divide my response to your question into three posts, so please, bear with me. Preamble:...Ignored
Disliked{quote} {image}The short answer to your question is "yes". This is reverse order flow. I would see this as day traders taking profit on longs ahead of the close of the day. It is very common and nothing that I would see as unusual or "wrong". Keep in mind the market is made up of many different participants each with different objectives and time frames. Thus I see this as a "normal" progress of price along with order flow. Buying dominated the entire day, AND, as a result, prices rose. Further, at the end of the day, selling came in and prices...Ignored
Disliked{quote} {image}The short answer to your question is "yes". This is reverse order flow. I would see this as day traders taking profit on longs ahead of the close of the day. It is very common and nothing that I would see as unusual or "wrong". Keep in mind the market is made up of many different participants each with different objectives and time frames. Thus I see this as a "normal" progress of price along with order flow. Buying dominated the entire day, AND, as a result, prices rose. Further, at the end of the day, selling came in and prices...Ignored
Disliked...,therefore more orders,more volume,the higher the prices should go?...Ignored
Disliked{quote} This is usually the case...but keep in mind that the Delta volume indicator shows only the active side of the market. The passive side cannot be seen. Thus if prices do not rise, or if it takes much more volume to effect a rise, then prices have reached an area of dense liquidity. Although unseen it is perceived by the price response to the active order flow. What you saw was some absorption by an area of liquidity. Many refer to this as "resistance". But as explained above, yes there was some absorption occurring...but it was limited and...Ignored
Disliked{quote} What indicators, other than volume, can be used to roughly measure density, absorption, volume point of control, distrbution and accumulation?...Ignored
Disliked{quote} All these metrics are functions of volume. Thus if not by using the volume itself (especially Delta), what other indicator would be of any use? Since price and volatility are all functions of order flow/volume... any other indicator would add a superfilous layer that is unnecessary and in fact detrimental to your decision making.Ignored
DislikedHow about the change in Pips from Daily open, percentage change from Daily Open? This is not a layer.Ignored
Thank You
QuoteDislikedwhiteout #post 222
Always amazing reading thread about 'delta' 'orderflow' 'volume' and no mention of the fact that the bid/ask data you are feeding to your metatrader are no more than a joke. A basic course about market data/structure should be mandatory for anyone who wish to talk about the subject, otherwise shitload of misleading information are spreading out like a disease. Sorry for the rant, don't wonna be a dick, but this is really misleading for people trying to understand how the market works.
back to the limbo..
DislikedI have to admit that I was also quite sceptical about some of the claims about using fx futures and tick data to determine delta.Ignored
DislikedTo be honest order flow is really mitigation and mitigation is just order flow. 99% of people trade completely wrong. This video actually shows how to properly identify order flow and it shows you what order blocks are and how to trade them. in its simplicity, the video actually shows you how to trade like the banks to. I must say this got me started off on the right track. Good luck everyone ! https://www.youtube.com/watch?v=hwiUDKU9wgE&t=9sIgnored