however, a breakout needs careful attention to something elite is talking about "Order Flow".
The M.I.N.D Game
- Thread starter elite34s
- Start date
Yes, understanding Order Flow is a basic necessity for successful trading.
Can you imagine someone going on holidays, in the sahara desert, and not bringing any sun block !
This is what trading is like, without fully understanding Order Flow. It will not be very long before you are "burned" alive !
My comments were manual trading oriented.
Actually since I'm assigned to the third row, hoping for a window or to be near the door, I do take notes on your comments.
Reread them from a manual point of view to understand there is not a slippery slope involved. Big money is not agile; my comments show how agile the retail amateur is able to trade with out the constraints of big money and with the big money pushing positions on the occasions when that is possible.
Quote from BlowFish:
Doh I said
Go with the (order) flow. So close but so far
Yes Blowfish, but getting close to a fill, and getting a fill, are not the same either. Limit orders have their place, and should be used when, and as required.
But, we move too fast, and must slow down as we might confuse the confused.
I have one more pupil note to post.
Pupil No.2 Note below. My answer is:
Before you trade, you must first understand Order Flow, and what happens when The Generals decide to place / adjust some big positions in the market. This is the start of the game, and most players don't even know about it, and they then wonder why it is the market seems to always go against them, very shortly after they are filled.
Note 2.
you wrote the following
The Generals control the majority of liquidity that flows in and out of the financial markets on a daily basis.
Daytraders and Swingtraders, the majority of whom frequent public forums like ET, are but a drop in the ocean, and if all of them were prevented from trading tomorrow morning, it would have but a minuscule effect on market liquidity.
thus if i am playing the pink stocks or otcbb where retail is the majority - should i try to gleam the opposite from your thread?
did not post in the thread for obvious reasosn as everyone would just thrash it and get off track
thanks
__________________
I don't know what I am supposed to know about trading - point me in the right direction please
Before you trade, you must first understand Order Flow, and what happens when The Generals decide to place / adjust some big positions in the market. This is the start of the game, and most players don't even know about it, and they then wonder why it is the market seems to always go against them, very shortly after they are filled.
Note 2.
you wrote the following
The Generals control the majority of liquidity that flows in and out of the financial markets on a daily basis.
Daytraders and Swingtraders, the majority of whom frequent public forums like ET, are but a drop in the ocean, and if all of them were prevented from trading tomorrow morning, it would have but a minuscule effect on market liquidity.
thus if i am playing the pink stocks or otcbb where retail is the majority - should i try to gleam the opposite from your thread?
did not post in the thread for obvious reasosn as everyone would just thrash it and get off track
thanks
__________________
I don't know what I am supposed to know about trading - point me in the right direction please