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Mingary replied May 16, 2014That is a very, very good point. Same pattern, different result. I wish there was a way to differentiate between "reversal" volume and "continuation" volume. In the end it's still a guess...
Order flow trading thread
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Mingary replied May 15, 2014Interesting... Where does that information come from?
Order flow trading thread
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Mingary replied May 15, 2014Ok. So now it looks like some sort of "Market Profile".. What do you make of it?
Order flow trading thread
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Mingary replied May 15, 2014For one thing, Tick activity at a given price.
Order flow trading thread
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Mingary replied May 15, 2014Hi, To not rely on charts would be good. My approach is more "VSA" based. Having better tools would certainly be an advantage... I do realize I have to rely on whatever is exposed on the MT4 platform and that is very poor, therefore I had to come up ...
Order flow trading thread
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Mingary replied May 15, 2014I hope it's ok then... I would not want anyone getting the wrong idea about me...
Order flow trading thread
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Mingary commented May 15, 2014A broken clock is right twice a day.
Goldman Sachs: This bull market has longer to run
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Mingary replied May 15, 2014My take on Order Flow -- it's not complicated. on the 1 M timeframe 1) "extreme high" OR "extreme low" volume 2) Tick "churning" at exact price ==> essentially this: Visualize a yoyo. The yoyo rolls down, at the end of the move there is a sudden ...
Order flow trading thread
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Mingary replied May 14, 2014reading the quotes? larger quotes mean that larger orders ....? Where do you see that. Thanks
Order flow trading thread
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Mingary replied May 14, 2014There is no size in forex "volume" 1 tick = 1 trade. (actually not a true statement but close enough)
Order flow trading thread
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Mingary replied May 14, 2014example: 1st 5 minutes: 978 ticks took place and the price moved 10 pips Next 5 minutes 100 ticks took place and the price moved 15 pips Why is there a difference? What happened in those ten minutes? What is happening in this market that the price ...
Order flow trading thread
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Mingary commented May 14, 2014Important to recognize news designed for "herd consumption"
Dollar Buying Dries Up, though Sterling Remains Exceptional
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Mingary replied May 14, 2014If you are referring to some "Order Flow" methodolgy that is build around some "level II" info. I agree it's total BS. I think I need to find a different name for the valid stuff... It would be like "price flow" or price facilitation -- but it's ...
Order flow trading thread
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Mingary replied May 14, 2014I trade order flow -- (my own brand) When an area of "high price activity" (price churning within a very narrow range ) can be identified on the chart. Is there any way to determine if this is a bullish or bearish activity ?
Order flow trading thread
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Mingary replied May 13, 2014You are voicing the most common trading experience. That is what ALL traders do. (They won't admit it because they are all in perpetual pie-in-the-sky mode playing with their demo account)
I lose 40 pips and win 6 to 10 pips...
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Mingary commented May 12, 2014I am just imagining all the suckers calling to talk to a pretty girl or some celebrity to generate 4.5 million and lose money on the trade just to be part of this wonderful event.
Check Out All The Celebs Who Will Be Traders For A Day At One Of Wall Street's Coolest Charity...
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Mingary commented May 12, 2014Since there are legions of people "thinking" the way you do, the US stock market will go much higher...
DJIA Makes Fresh Record High and S&P 500 Approaches 1900 - Support for USD/JPY
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Mingary commented May 12, 2014I would like to see more bullish news as it gets weaker... Anyhow, I am aiming for parity with USD.
Why investors should be betting on a strong euro