Order Flow Trading

[dehannethedumbum]

European Debt Crisis – Expanded Version

 

The global economy experienced a boom during the years of 2005-2007. Many countries around the world experienced this boom. Even countries in Europe to an extent. An economic boom can produce temporary surging revenue for the federal governments of the European nations. And what do governments love to do? Spend money!

 

Almost all countries tend to run some form of budget deficit, whether large or small. So when you see the Unites States spending billions of dollars or hundreds of billions of dollars, they don’t actually have the money on hand. They don’t have the cash to pay for it. So if they don’t have the cash to pay for it, and they still want to spend the money, they will go and borrow it.

 

Now when a country wants to borrow money, they aren’t going to go ask for a traditional bank loan. Instead the country is going to issue a financial instrument called bonds.

 

Read complete article here....

http://orderflowforex.com/2011/12/european-debt-crisis-part-2/

 

 

 

Even I read that article....was an awesome artcile.

 

@successlife

 

In some forum post, I am not sure whether its in this website. If I remember right you requested the Larry Harris book on trading and exchanges....do you still need that one?

[bebop]

The Darkstar book is very expensive 149.95

[bebop]

would anyone say it is worthwhile?

[successlife]

Even I read that article....was an awesome artcile.

 

@successlife

 

In some forum post, I am not sure whether its in this website. If I remember right you requested the Larry Harris book on trading and exchanges....do you still need that one?

 

Yes. thanks !

[successlife]

would anyone say it is worthwhile?

 

I send email to him and answer allways right.

But no videos and no trial time.

 

I belive YES, but maybe is diferent for daytraders or swing traders.

Realy I like to buy.

[successlife]

Today options levels

 

http://successlife.org/14-12.jpg

[successlife]

If the history repeat it self !!!

 

Take Care

 

http://successlife.org/his.jpg

[pippino]

In some forum post, I am not sure whether its in this website. If I remember right you requested the Larry Harris book on trading and exchanges....do you still need that one?

 

Here is the thread:

http://indo-investasi.com/showthread.php/8071-%28REQ%29-Trading-and-Exchanges-by-Larry-Harris-Market-Microstructure-for-Practitioners/page2

If full and no problem share here, please.

[pippino]

I found another option level signal service here: http://realvolumes.ucoz.ru

russian but readable with this easily: translate.google.com

 

It isn't free, but as I know the demo is, where the user gets the signal slower (~15min)

I installed but no option levels and no answer on the forum on my problem, but there is activity

I cant speak russian

............................Custom indicator inet EURUSD,Daily: loaded successfully

My error message is: Error reading file from remote server

[successlife]

I found another option level signal service here: http://realvolumes.ucoz.ru

russian but readable with this easily: translate.google.com

 

It isn't free, but as I know the demo is, where the user gets the signal slower (~15min)

I installed but no option levels and no answer on the forum on my problem, but there is activity

I cant speak russian

............................Custom indicator inet EURUSD,Daily: loaded successfully

My error message is: Error reading file from remote server

 

They post (old version)

Gentlemen draw particular attention to the fact that before the installation of the complex history of all instruments should be disappoint. This is especially true time frame D1. Since indicators used his data to determine the beginning of the trading day. Or your trading terminal stopped.

 

The version V35 need login setup

I cant do.

Edited December 15, 2011 by successlife

[dehannethedumbum]

Here is the thread:

http://indo-investasi.com/showthread.php/8071-%28REQ%29-Trading-and-Exchanges-by-Larry-Harris-Market-Microstructure-for-Practitioners/page2

If full and no problem share here, please.

 

@ pippino and successlife

 

Here is the link to the Larry Harris paper

 

hxxp://xxx.4shared.com/document/iHU2gWHY/Microstructure.html

 

I have also posted it in the above mentioned thread too

[dehannethedumbum]

would anyone say it is worthwhile?

 

Yeah the book is quite costly....... I believe that everything was said in his FF posts. There is a limit to how much someone can try and explain something for over 2 years and hence I guess he decided to finally publish the book. I have written a small bit on what I have understood from his threads in FF.

 

Here is the link to the thread , hope it helps

 

http://indo-investasi.com/showthread.php/14588-Req-0rder-Fl0w-Trading-F0r-Fun-and-Pr0fit/page4?highlight=order+flow

 

 

P.S. - HOWEVER, I REPEAT - I HAVEN'T bought the book!

[successlife]

@ pippino and successlife

 

Here is the link to the Larry Harris paper

 

hxxp://xxx.4shared.com/document/iHU2gWHY/Microstructure.html

 

I have also posted it in the above mentioned thread too

 

THanks for that, this is "resume" version and dont have all part, in special orders.

I know the original book are more than 600 pages and no one can make this job.

[dehannethedumbum]

I send email to him and answer allways right.

But no videos and no trial time.

 

 

What do you mean by the above?

Details on your query and email.....did you send it to darkstar or to Grkfx ?

[dehannethedumbum]

THanks for that, this is "resume" version and dont have all part, in special orders.

I know the original book are more than 600 pages and no one can make this job.

 

You mean to say that the original book has a section named "special orders" and that is not covered in this version, right?

 

Need to ask you something successlife...... The only reason why you express an interest in this book is because of order flow and the subsequent interest of it in the order flow threads on ff, right?

 

Based on everything I have done and understood so far i.e. the OF stuff. This book is going to tell you how things work and show you or give you a hint on the different players in the fx market. As such putting this into practice is quite a different story.

If possible go back to the FF threads, DS and a few others stress that OF is a mentality/Framework/perspective and OF trading is a totally different thing. Which to me implies that OF trading is the development of systems with the OF framework/mentality/perspective.

 

None the less - from where did you learn about the missing 'special orders' part. Even on Larry Harris's official website - it is not listed in the official 'table of contents'

 

Cheers

[successlife]

What do you mean by the above?

Details on your query and email.....did you send it to darkstar or to Grkfx ?

I write to both.

Both answer fine.

I ask for "how" can improve my daytrading with this.

Darkstart was more better answer, but they dont post or share any videos.

Grkfx answer well, but he said no idea about the cost of they course.

His post are realy good, I post some links here.

Edited December 15, 2011 by successlife

[successlife]

You mean to say that the original book has a section named "special orders" and that is not covered in this version, right?

 

Need to ask you something successlife...... The only reason why you express an interest in this book is because of order flow and the subsequent interest of it in the order flow threads on ff, right?

 

Based on everything I have done and understood so far i.e. the OF stuff. This book is going to tell you how things work and show you or give you a hint on the different players in the fx market. As such putting this into practice is quite a different story.

If possible go back to the FF threads, DS and a few others stress that OF is a mentality/Framework/perspective and OF trading is a totally different thing. Which to me implies that OF trading is the development of systems with the OF framework/mentality/perspective.

 

None the less - from where did you learn about the missing 'special orders' part. Even on Larry Harris's official website - it is not listed in the official 'table of contents'

 

Cheers

 

Fisrt thanks for share ideas with me.

I read about this book in one of old post of FF.

I donwload and read, but discover, if you check the index they show many dead link

Many items in the index dont have scan.

 

In relationship with what I looking for is this...

I like "join" many diferent pieces in one "system"

For example:

What economic value is useful for daytrading ( libor, rates, etc, ect)

What news need to see and where ( I take trial in Reutrers now)

Where orders block are and "how" know about this

Where a block of options barrieres exits and how to know

How he trade the news

Etc, etc.

I know is long way.

But I started with Market Maker concepts, then trap traders and now this

[dehannethedumbum]

@ Successlife

 

I will post my ideas in the other thread - but its going to take some time. So be patient. I wish Yoda can contribute in the other thread too. Now on lets move the discussion to the other thread.......In the mean while can you post what darkstar and grkfx said

[successlife]

Why do dealers gun for stops?

Mark asks, ‘why do dealers gun for stops, that doesn’t seem very nice to me?’. Fair point and fair question Mark which we can add to our Q and A section.

 

Lets look at an example of an interbank dealer who is looking at his order book and sees stop-loss orders to sell 200 million EUR/USD at rates below 1.3700 down to 1.3690. The current rate is 1.3730 say. He has some options:

 

1. He can do nothing. He waits until the market breaks below 1.3700 and then he starts selling. The danger with taking this course of action is that other dealers have similar order boards and the market gets fast below the level. The customers might be filled 10 pips or more below their stipulated level and they would not be happy. Plus the dealer doesn’t earn anything from this.

 

2. He sells 20 at 1.3730. The market starts drifting lower so he sells another 20 (if the market goes up he cuts the 20 short position for a small loss). He may buy 10 back but keep himself 20 or 30 short. Lets say his average entry rate for the 30 short is at 1.3730. When the market breaks below 1.3710, he sells another 30 and then he sells 100 at 1.3700 to ensure that the market trades at a rate below 1.3700. Then he sells the balance of the orders. He will have sold 200 EUR/USD at an average rate of 1.3706 say. He will fill the stop-loss sell orders on average at 1.3696, with each customer being filled at their stipulated level. The dealer will have ensured that the customers cannot complain about slippage and at the same time he’ll have earned $200,000.

 

All dealers will follow the second course of action which in essence means that all stops are targeted.

 

There is sometimes a downside risk in that the dealer may sell 100 EUR/USD but the market suddenly stalls at 1.3700 due to a barrier or a big Sovereign or corporate buyer. If this happens the dealer must act very quickly to start covering his shorts before the market races higher.

 

(copy from forexlive.com)

[dehannethedumbum]

Why do dealers gun for stops?

Mark asks, ‘why do dealers gun for stops, that doesn’t seem very nice to me?’. Fair point and fair question Mark which we can add to our Q and A section.

 

Lets look at an example of an interbank dealer who is looking at his order book and sees stop-loss orders to sell 200 million EUR/USD at rates below 1.3700 down to 1.3690. The current rate is 1.3730 say. He has some options:

 

1. He can do nothing. He waits until the market breaks below 1.3700 and then he starts selling. The danger with taking this course of action is that other dealers have similar order boards and the market gets fast below the level. The customers might be filled 10 pips or more below their stipulated level and they would not be happy. Plus the dealer doesn’t earn anything from this.

 

2. He sells 20 at 1.3730. The market starts drifting lower so he sells another 20 (if the market goes up he cuts the 20 short position for a small loss). He may buy 10 back but keep himself 20 or 30 short. Lets say his average entry rate for the 30 short is at 1.3730. When the market breaks below 1.3710, he sells another 30 and then he sells 100 at 1.3700 to ensure that the market trades at a rate below 1.3700. Then he sells the balance of the orders. He will have sold 200 EUR/USD at an average rate of 1.3706 say. He will fill the stop-loss sell orders on average at 1.3696, with each customer being filled at their stipulated level. The dealer will have ensured that the customers cannot complain about slippage and at the same time he’ll have earned $200,000.

 

All dealers will follow the second course of action which in essence means that all stops are targeted.

 

There is sometimes a downside risk in that the dealer may sell 100 EUR/USD but the market suddenly stalls at 1.3700 due to a barrier or a big Sovereign or corporate buyer. If this happens the dealer must act very quickly to start covering his shorts before the market races higher.

 

(copy from forexlive.com)

 

Oh ok.....I had this feeling of deja vu and then I realised even I had read the same stuff. Ahaha - its forex live, fair enough. I actually thought that you had emailed darkstar and grkfx. Sorry for the misunderstanding. Will carry on the rest of the discussion in the other thread

[successlife]

@ Successlife

 

I will post my ideas in the other thread - but its going to take some time. So be patient. I wish Yoda can contribute in the other thread too. Now on lets move the discussion to the other thread.......In the mean while can you post what darkstar and grkfx said

 

They are best "reference" when read or talk about Order Flow.

But they move to "private" mode and there is not more free.

I resume some good points but personaly I use more trap traders zone.

I try join all points in my personal system.

I dont want copy and tell you nothing wrong.

I m realy new in this order flow

This post only look for more info.

Thanks

[successlife]

Please see this post becuase have realy good information.

http://indo-investasi.com/showthread.php/14588-Req-0rder-Fl0w-Trading-F0r-Fun-and-Pr0fit/page5?highlight=order+flow

[successlife]

Moving please to other thread

 

folow us in this other post.

Have more sense use only one site.

(see above post for link)

[sherlock1713006318]

Not sure if this has already been shared. It's a collection of D@rkstar's posts at FF including some pics and other articles about order flows. Found it by googling today.

 

http://www.fileserve.com/file/nCGS8ES/00%20order%20flow%20trading.rar

Edited January 11, 2012 by sherlock

[Sesshoumaru]

Thanks for sharing. could someone please kindly upload it to multiupload? fileserve is banned here.

Thanks!