pbylina

200 sma. Very good S/R.

Well there is a strong correlation between EUR&CHF, CAD&OIL, and AUD&GOLD. So it would be a good for confirmation.

If you loose 3 times in a row you should take a break.

New Super Walmart being built here. They must be doing good...

I like the Mike Walsh guy.

You will need to make a joint account with someone like your parents.

Because they trade "Spot" Fx and they have no access to orderflow and dont know what it is and why its important.

You never heard of the "30 Pips a Day Keeps your Money at bay" thread at Babypips? It has to be one of the best threads about Harmonic Trading. It is what got me started. Patterns on 1min or 5 min are not that reliable. 15min, 30hr, 1hr, 4hr are better. Supposely it works in any market, but my experience is only in FX. At first it takes longer to find setups, but then its easy. Also the guy that has the harmonictrader.com website also wrote some books which are the best on the subject. He is like Peter Steidlmayer and Market Profile. I really enjoyed finding Harmonic patterns. But I gave up on them because I didnt have access to order flow to confirm entry. I would love to start looking at it again with Tape reading for confirmation... If you cant find the thread at babypips Pm me for link.

I think Euro could bounce off of the 38.2 fib and rise to were it was in 2008. Also at the 38.2 fib is the Daily 200sma...

So is it possible in an illiquid/low volume market, that your stop loss might not get triggered? (no one wants to buy it from you)

Depends what your needs are...NinjaTrader is good to start with. User-friendly and the Dom is pretty nice. And like said before, a ton of brokers will give you free trials with live zenfire data feed.

I think for futures its "60/40" rule. Which means 60% is taxed at 15% and 40% is taxed at 25%. Thats for US. Does anyone know how much it is in Europe?

I didnt know there was a chat room.

I love this. I also look for a lot of Buying or a lot of Selling to not be able to push to price higher or lower. You really need to see it live and experience it. Once you recognize it thou, you need to act fast before it shoots off. I believe this. I have seen it. Its easier to get that small of a stop when market is slow. Need more practice so I can get it when the market is fast.

I thank the people who responded. Nice chart, not very colorful ...but hey, its what gets the job done right?... What software is that? How do I find it? Add contact, Skype name:AuctionsOrderFlow =?

MD has an option on T&S to aggregate or add all bid or ask trades together at the current price. I guess It could be useful during high activity...

Guinness Record here we come!

So you would owe the broker $120,000? Has anyone had this kind of experience, maybe during the crash of 2008? If your short during a crash are you allowed to keep the money? ...I heard theres gonna be a market crash this year...Maybe I should only take shorts just to be safe...

I also have a similar question. When I filled out an application for an account it said "Do you understand the risk of loosing more then your account balance?" Would this only happen if there was a Market Crash? Because I would have a stop loss and or exit manually and there is margin requirements...

I want to be self independent and not be told what to do. Make my own decisions.

You can reduce the quality of the video to make it take up less space.

I heard 'No B.S. Day Trading' pdf and video is a good starter...Have you seen it?

Read post #17. "TheDude" talks about trading lower volume instruments as a solution to this problem.

I agree the you dont need the time. But I wasnt able to turn it off because MarketDelta doesnt have that option. NinjaTrader allows the turning off of time if anyones interested. Its funny how MD doesnt have this simple option but they have everything else. I might keep the Time on for the 10+ lots because they dont happen every second like the all trades screen... I completely understand. The reason I named this thread "Order Flow Advice" is because I knew order flow trading is something that you need to learn yourself but I wanted to get steered in the right direction. Thanks for all the useful information you have provided.

I was planning anyway to get Iqfeed... And I qualify for CME exchange fee waiver(-$67).