Hi Peeps,
I will try and make this post short as i have charts that explain my thoughts,i think the saying is:"A picture speaks a thousand words".
I have been staring at charts now for an embarrassing amount of time,so i won't give you the number.But having done this has allowed me to gain some amount of clarity.
Here are a few basic thoughts that i will share and i hope this allows traders to look at charts not in terms of graphics/pixels but in terms of ORDERFLOW.Yes,traders placing orders are what make prices go up and down.Sometimes the obvious needs to be stated.
I hope it helps at least ONE trader to grow.
1.A basic understanding of the different participants and why they do what they do.
2.Strategies that these traders use.
3.ALL order types and their use.I know this sounds simple,but when you begin to grasp what orders traders use,why and where,then you may find yourself mixing shoulders with the big boys.
4.The one way market.This is like the roulette wheel that has only black numbers and you get to bet black all day and win.
5.What happens when people get GREEDY and FRIGHTENED.
6.ALWAYS REMEMBER,THIS IS ABOUT MONEY(THE MOST VALUABLE COMMODITY ON EARTH).Everyone wants a piece of the pie.
When you open up your platform and begin business,every other trader on the planet goes there as you do to make MONEY.Someone will lose and someone will win.If you don't UNDERSTAND you WILL lose.
To be honest,i have read too many posts that seem to be HOCUS-POCUS and much dancing around the subject but not getting straight to the cut.Really though,i should thank anyone who never gave it away,it has allowed me to spend cold dark nights in the corner of my room trying to nut it out.Believe me,you appreciate it somewhat more when you bust your OWN hump.
This may sound amusing but i really hate forums(any forums) and only really come here to post in Shamus's picture thread(relaxation for me lol-btw,nice thread Shamus),i think 90% of my posts are there lol,and also have a look see at the big threads and a few journals.Don't get me wrong,this forum contains posts that are "A" grade 100%,rare,but there nonetheless.
I spend a lot of my time trying to find a way of placing myself in this band(95%-100%)and taking myself from this band(0%-94%).
I will expand on points as i go along,and anyone is also welcome to post advice provided it isn't misleading.I am just trying to help newcomers UNDERSTAND what's important:
ORDERS-this again is another obvious remark but holds more weight than most know.Ever wondered what makes a pin bar?bearish outside bar?any other price bar for that matter, it even makes all types of indicators move around the place?.......its traders placing ORDERS.
This thread will be a discussion about ORDERS.
Who places them?
Why they place them?
Where they place them?
At the end of the day this IS what makes any market go up and down.
Hanover,to be honest bud,there was a thread you were involved in that really set my upstairs room into overdrive lol(don't know the thread) and it was only a sentence or two that got me going,so i will have to give you some credit.
To be honest,i don't know everything,unfortunately lol.
This is about growth,not only for myself but for every other trader out there,lets talk business.
Over the next few days i will add charts with commentary and discuss and expand on points made earlier.
Focus and think about words/sentences/questions in bold type above,this is critical for thread growth.
See i told you it would be a short post lol
Looking forward to it.
Charts are attached for understanding,one of these trades i was in tonight live.
cheers
steve
I will try and make this post short as i have charts that explain my thoughts,i think the saying is:"A picture speaks a thousand words".
I have been staring at charts now for an embarrassing amount of time,so i won't give you the number.But having done this has allowed me to gain some amount of clarity.
Here are a few basic thoughts that i will share and i hope this allows traders to look at charts not in terms of graphics/pixels but in terms of ORDERFLOW.Yes,traders placing orders are what make prices go up and down.Sometimes the obvious needs to be stated.
I hope it helps at least ONE trader to grow.
1.A basic understanding of the different participants and why they do what they do.
2.Strategies that these traders use.
3.ALL order types and their use.I know this sounds simple,but when you begin to grasp what orders traders use,why and where,then you may find yourself mixing shoulders with the big boys.
4.The one way market.This is like the roulette wheel that has only black numbers and you get to bet black all day and win.
5.What happens when people get GREEDY and FRIGHTENED.
6.ALWAYS REMEMBER,THIS IS ABOUT MONEY(THE MOST VALUABLE COMMODITY ON EARTH).Everyone wants a piece of the pie.
When you open up your platform and begin business,every other trader on the planet goes there as you do to make MONEY.Someone will lose and someone will win.If you don't UNDERSTAND you WILL lose.
To be honest,i have read too many posts that seem to be HOCUS-POCUS and much dancing around the subject but not getting straight to the cut.Really though,i should thank anyone who never gave it away,it has allowed me to spend cold dark nights in the corner of my room trying to nut it out.Believe me,you appreciate it somewhat more when you bust your OWN hump.
This may sound amusing but i really hate forums(any forums) and only really come here to post in Shamus's picture thread(relaxation for me lol-btw,nice thread Shamus),i think 90% of my posts are there lol,and also have a look see at the big threads and a few journals.Don't get me wrong,this forum contains posts that are "A" grade 100%,rare,but there nonetheless.
I spend a lot of my time trying to find a way of placing myself in this band(95%-100%)and taking myself from this band(0%-94%).
I will expand on points as i go along,and anyone is also welcome to post advice provided it isn't misleading.I am just trying to help newcomers UNDERSTAND what's important:
ORDERS-this again is another obvious remark but holds more weight than most know.Ever wondered what makes a pin bar?bearish outside bar?any other price bar for that matter, it even makes all types of indicators move around the place?.......its traders placing ORDERS.
This thread will be a discussion about ORDERS.
Who places them?
Why they place them?
Where they place them?
At the end of the day this IS what makes any market go up and down.
Hanover,to be honest bud,there was a thread you were involved in that really set my upstairs room into overdrive lol(don't know the thread) and it was only a sentence or two that got me going,so i will have to give you some credit.
To be honest,i don't know everything,unfortunately lol.
This is about growth,not only for myself but for every other trader out there,lets talk business.
Over the next few days i will add charts with commentary and discuss and expand on points made earlier.
Focus and think about words/sentences/questions in bold type above,this is critical for thread growth.
See i told you it would be a short post lol
Looking forward to it.
Charts are attached for understanding,one of these trades i was in tonight live.
cheers
steve