The market was where it was, then price moved. In the first image the liquidity was made of the dealer's liquidity at market, and liquidity from orders placed at and beyond the market. When price moved, all the liquidity from the orders between the ...

Order Flow - Finding cluster of stops on chart

It looks like a graph of liquidity distribution by trader type. I guess pending is other, the Y axis is millions, and if the liquidity being shown here is from a real source then I think it's Oanda due to the 10 mio at market. The latent thing on ...

Order Flow - Finding cluster of stops on chart

Does that include using only a chart but being able to interpret correctly the underlying drivers of the various price moves due to experience/understanding?

"You cannot make money (in the long run) from a price chart alone"

Yes in a way, I merely made that example to show one reason why even if there was good sized sell orders below consolidation, price would not necessarily have cascaded/fell. Is it stop hunting? Depends on what stops are. When most people say "stop ...

Order Flow - Finding cluster of stops on chart

It would only cascade in a direction (i.e. down) if the orders there (breakout shorts and stop losses from longs... and then anyone else who joins in later) are of sufficient size to consume the bid side liquidity for whatever cascade distance. Also ...

Order Flow - Finding cluster of stops on chart

Where's the Helen Keller option?

Are you Issac Newton or Albert Einstein?

I thought the first two sections were very good, especially the part about losers in a zero sum market. My thoughts on technical analysis are already very clear (it's bullshit - but useful, from certain perspectives), but it's nice to see others ...

Book about bull/bear pressure or order flow

After that book you may want to check out Time Compression Trading - it's not a textbook like T&E but a person's POV on the markets from an order flow perspective. You may or may not agree with all he says but a lot of it is good. BTW have you read ...

Book about bull/bear pressure or order flow

You can download PTJ's Trader doc here: url

Want to see an original Market Wizard? -> Trader, the documentary (1987)

In that case fair enough.

Want to see an original Market Wizard? -> Trader, the documentary (1987)

Anyone can make a few sensible comments. Trade with the trend, manage your risk, blah blah blah. Who the hell is he anyway? Why should I care what he says? Oooh I'm a "respected" author who's piggybacking on the story of the turtles even though I ...

Want to see an original Market Wizard? -> Trader, the documentary (1987)

Michael Covel is just another member of the business around trading, not a trader. Couldn't give two hoots what he says. The Trader docu on the other hand is interesting.

Want to see an original Market Wizard? -> Trader, the documentary (1987)

What kind of crap testing software do you use? Aren't you the guy that puts out EAs? I don't run backtests but with the testing software I have I can see any timeframe as far back as I have data for. To OP, where's the paradox? You got positive ...

MTS Vs Random Entry - A Paradox

He has some good points but some of his premises are flawed, I remember getting quite annoyed when reading that book long ago because of his description of how thoughts or beliefs are stored in the brain and why due to that structure it requires x y ...

what is the best forex book?

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Related and inversely related markets

Is it even about trading? Has anyone read "Boyd: The Fighter Pilot Who Changed the Art of War"?

what is the best forex book?

Hmmm... knowledge is power. It depends on what sort of knowledge you have. If your knowledge is inconsistent with reality then you will "need to know more". I fail to see how buying a trading system equates to knowing more, or attempting to do so. ...

The trading demon that mints money

I don't know. It's definitely something to think about. There are fx pairs with that criteria. Sounds like CrucialPoint's statement that 95% of the time price will close higher or lower from where it opened, and the supposition that a system or ...

Trading volatility - a possibly interesting exercise

As mentioned in the original post, that would work during trends but kill you during ranges. However I do wonder whether that aspect of it (exponential growth) can be used in another way...

Trading volatility - a possibly interesting exercise

Hmmm interesting, I'll look into that. I'm not a hedger, this isn't what I actually do, just an idea I had.

Trading volatility - a possibly interesting exercise