Posted by Mike on Nov 17, 2015 in Blog
One of the benefits I often talk about in regards to Orderflows Trader is the ability to see inside the bar as it forms. One of the important things to look for is trading imbalances. A trading imbalance occurs when there is an aggressive buyer or seller in the market. A buyer is aggressive when they buy the offer. A seller is aggressive when they sell into the bid. A buying imbalance occurs when the volume traded on the offer is a set ratio (usually 400%) greater than the...
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Posted by Mike on Nov 10, 2015 in Blog
One of the hardest parts of trading is getting stopped out of a position only to see it then turn at exactly the point you got stopped out at and then continue on in the original direction of the trade and move to your profit target. So what is a trader to do? Do you not use stops? That is extremely dangerous and risky. It’s a bad idea to leave a position open with no stop. You can turn a small loss into a much bigger account damaging loss. Do you use a tight stop? That...
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Posted by Mike on Oct 16, 2015 in Blog
Do you have a regular job to pay the bills, pay the mortgage, keep the wife happy and the kids fed? But you want to learn how to either supplement your income with trading or one day make the transition to trading instead of working for someone else? Before you even attempt to do that you have to decide what you want from the market. I think most traders will say they want to earn enough money to quit their regular job and become a full time trader. To do that you need to...
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Posted by Mike on Oct 13, 2015 in Blog
One of the problems traders face is how to handle slow trading days. One of the main causes of slow trading days, or rather slow market moving days, can be due to a holiday. In the old days of open outcry the exchange would be closed, but now that everything is traded electronically it is easy for the exchange to keep the servers running. Besides that, everything is “global” now. So a market moving event can occur in another country that is not observing a holiday. Most...
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Posted by Mike on Oct 9, 2015 in Blog
This is a question I am often asked by potential users. I have users that are brand new to order flow and users that have switched from other software such as Market Delta, Rancho Dinero, Fin-Alg, etc. I think what separates Orderflows from many of the other software out there is that I don’t just sell software and that is it. I also show you how to trade with order flow. I write about my trades on my blog, orderflows.com. I have written a 150 page book on trading order...
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