Search results

This week opens with a dull macro calendar day. So without macro data, currencies will probably follow equities. And this week we've got some serious earnings reports out of the US: Apple, Microsoft, Texas Instruments, Whirlpool and Ford. Super Thursday brings out 49 firms on that day alone...

So it seems that GbpUsd wants to attempt a rotation from yesterday's lows/7090 level we were focusing on. Here is my order analysis for today, showing what type of action we can expect to the topside if this thing grows legs. The first area where I'll be cautious is the imbalance area...

Techno Trader, in FX there's no book/DOM to trade off of anyhow..so from here on in I'll just call it the OrderFugaziTrading Method if you're cool with that :-P Can I also say TGI-Friday? :p

I can't speak for OrderflowEdge, OrderflowTrading, OrderflowFugazi or anything else...I give credit where it's due and having read Daemon Goldsmith's book "Orderflowtrading for fun and for profit" gave me a little boost in my trading and has allowed me to tie together stop orders, limit orders...

So today we have reached the zone we were keeping under observation. There has been a reaction at the level but there are some considerations: 1) London is closing up. Therefore, participation will be limited until tomorrow. 2) There has only been a sub-hourly sign of strenth and it would be...

If most traders concentrate on the shorter time frames, and think that you must news trade in order to trade well, then that must be one of the reasons there's such a high percentage of people who just can't make this trading thing work for them. It's a sad truth that the longer time frames...

That's what happens sometimes...the moment you start "hoping" the trade will go your way, when it starts to pressure your entry point after a whole day of sitting, it's time to pull the plug. Thus, I'm out of this trade without taking a full loss. I also read the newsflash however, the...

Hey Bobbi, round numbers certainly attract their share of attention, whether on commodities/indicies/FX... and you don't have to take my word for it: Carol Osler is a great researcher and has been able to slip onto some trading floors in top-tier banks. She's had the opportunity to analyze...

Well, i've got my stop tucked under the day's low and the bearish print vs. bullish expectations really helped me get back on my feet in this trade. It could (and probably will) wash out on me anyhow because I'm seeing a little too many punters hunting down this bounce but my rules of...

Wow that's a busy chart...you sure you need all that info on there? I mean to each their own but I'm of the opinion that less = more :-P I do concur with the importance of the level as you ilustrated above..I just don't like diagonal lines..they're a little too discretional for my liking...

Hey Usernamehere, thanks for stopping by. AudUsd has put in a higher low today and is rotating nicely from the touted levels from yesterday. The guys from OrderFlowTrading this morning touted some decent selling interest around 9400, which is also this week's high so it makes perfect sense...

Well we've got an early-bird reaction off yesterday's lows/current week's lows (reactive stop levels) a couple of hours before the CPI data. Depending on your risk tolerance, you might have had an excuse to engage or take it as a tell-tail and wait until after the data. Generally speaking...

Thank you Magic, I hope my thoughts get conveyed in a clear manner. That said, onto today's business. First stop: Eco Calendar. And regarding the action on the Euro for this morning, nothing is really inspiring me to take action yet. Market is waiting for data and opex will anchor price a...

Is it enough to justify a trade? For some maybe, for others maybe not. The important thing is that we had planned for some sort of a reaction. The reaction may not be tradable but as long as we're identifying levels/zones from which to participate, we will be better off in the long run. This...

So we've got some data coming up: Regarding Gbp, I think we're still range bound and will look to see what happens AFTER the data.

I place horizontal lines on my charts. They are my "preferred weapon", better than any indicator. From my experience, I seem to understand that large players leave a "footprint" on the charts and these footprints are quite evident. They can be seen as: 1. Levels of prior resistance becomming...

A chart is worth 1000 words...

I have learned a lot over the years, frequenting forums and meeting some very intelligent people. Now it's time to give something back so here it goes. There are bits & pieces of value that can be picked up here & there on the net but pulling all the pieces together and making sense of...

Hey LordJay, I've just signed up and i'll soon start a trading journal of some sort because I trade using orderflow. Just that I don't look at it from such a specific point of view. Here's an example of how i view the landscape: http://gyazo.com/e5861009ada3ebd0131ae2b298303f2b...