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Monroe replied Mar 14, 2011it did for me. 3904... about 1-5second charts... - this may just be a personal thing of course, but 5 second charts give me no edge, if anything they shake me out of trades too soon. I have spent months when i started just watching them and trying ...
Order Flow - Achieving the mindset
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Monroe replied Mar 14, 2011it was a gap that got closed at 3905.
Order Flow - Achieving the mindset
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Monroe replied Mar 14, 2011Tilt, I used to try and do something similar, I didn't call that order flow though, just trying to scalp....
Order Flow - Achieving the mindset
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Monroe replied Mar 14, 2011Plus the surprise agreement on the size of EFSF over the weekend to cool the debt crisis in the short term.
Order Flow - Achieving the mindset
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Monroe replied Mar 14, 2011They didn't intervene in the spot FX market as far as I know. I hear talk about adding liquidity and asset programs.
Order Flow - Achieving the mindset
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Monroe replied Mar 13, 2011also to add..... "Its read by deconstructing the logic processes of participants within the context of the execution limitations imposed by market microstructure." it's right there....
Order Flow - Achieving the mindset
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Monroe replied Mar 13, 2011I think it's because you're trying to get to the heart of the matter in deciphering what will cause buy/sell orders to come into the market. DS is saying, Fib's/Trendlines/etc don't cause price to do anything on there own, it's the ...
Order Flow - Achieving the mindset
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Monroe replied Mar 11, 2011Your rants always help to put the focus back on the main methodology of order flow trading... what will generate order flow... future orders that push you into profit, and finding the reasons behind them. This takes a lot of hard work and I ...
Order Flow - Achieving the mindset
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Monroe replied Mar 10, 2011haha no I understood you perfectly. No arguments from me bro!
Order Flow - Achieving the mindset
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Monroe replied Mar 10, 2011yea... it def. could be an opportunity, I get what you're saying. throw up key MA's or BB's on a daily and 4hr... are you gonna go against it? not me.... not unless I have a damn good reason. I just wait for the extremes.... try to have a good ...
Order Flow - Achieving the mindset
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Monroe replied Mar 10, 2011The one thing I can think of that could help us here is the fact of using the flow info we can get, which tells us where bids/offers/options are or rumored to be (and who is behind them) and watching the price action there or anticipate a reaction ...
Order Flow - Achieving the mindset
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Monroe replied Mar 10, 2011You don't need to see an order book, period.
Order Flow - Achieving the mindset
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Monroe replied Mar 9, 2011I too went through them at least 100 times. If today something happens and I miss it, I go back and try to find out what could have given me the tip on it, why did it act that way. What I do believe is reading those news feeds and watching whats ...
Order Flow - Achieving the mindset
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Monroe replied Mar 9, 2011Why do you have to break away from using charts? I use them, and I use price action, some form of TA... the basic shit everyone knows. I think people are looking for the wrong things maybe. Why can't you keep it simple, just have the mindset behind ...
Order Flow - Achieving the mindset
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Monroe replied Mar 2, 2011I like your thinking redbaron. There was a time not too long ago when I first was looking into trading order flow that I, just like you, was thinking about level 2. However, I now think that it's not important, and somewhat useless especially on the ...
Order Flow - Achieving the mindset
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Monroe replied Mar 2, 2011I don't know either...
But from plays he has described, it didn't seem like you did. Maybe he gained some insight from watching it, like after the stops were tripped he saw the transactions going on. But I'm not sure...Order Flow - Achieving the mindset
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Monroe replied Mar 2, 2011Depends on the broker, with a tier 2 prime broker that is actually giving you interbank pricing from the 12/13 bank hub, you can configure it to see more, you can also use 4th decimal pricing on currenex, especially if you need more volume... as I ...
Order Flow - Achieving the mindset
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Monroe replied Mar 2, 2011Well 2bl could make it move some I would think.... Is this what you're talking about: 1145 GMT [Dow Jones] The euro is certainly back in favor Wednesday despite the risk-aversion drivers that weighed on it overnight still being present. The Saudi ...
Order Flow - Achieving the mindset