Is Orderflow An Outdated Concept?

April 7th, 2020, 08:12 AM

traderpards

I don't know if anyone's mentioned it yet but look up MBox on YouTube. [yt]https://www.youtube.com/channel/UCLKraR4UVif9dszy4DZLXtw[/yt]

This guy's system uses order flow and if there's a way to use order flow, it seems to me this is one way to make it work.

That guys seems to be onto something. It helps me that he posts live trades. Except he doesn't tell you how many he recorded and doesn't end up showing.

Disclaimer: I have no affiliation with this guy. I haven't even bought his system. What he says appeals to me though.

I�m pretty new and I�ve looked at a bunch of ready to trade systems/indicators and have zeroed in on Mike. I really like what he does and have considered purchasing his tools. The trades are indeed live, uncertain if account is live but he makes money. I�m reading the book �Trades About to Happen� about the Wychkoff trading concept.

April 7th, 2020, 08:30 AM

traderpards

I don't know if anyone's mentioned it yet but look up MBox on YouTube. [yt]https://www.youtube.com/channel/UCLKraR4UVif9dszy4DZLXtw[/yt]

This guy's system uses order flow and if there's a way to use order flow, it seems to me this is one way to make it work.

That guys seems to be onto something. It helps me that he posts live trades. Except he doesn't tell you how many he recorded and doesn't end up showing.

Disclaimer: I have no affiliation with this guy. I haven't even bought his system. What he says appeals to me though.

Of course Mike will cherry pick his videos and charts to show what he wants you to see. I did notice that on his videos he doesn't provide any kind of trading disclaimer. I thought this was a pre-requisite of being a vendor with @NinjaTrader, who I thought did periodic audits of their vendors to ensure they comply to stuff like this.

Be cautious here, especially with a vendor that refuses a free trial of their product.

April 7th, 2020, 09:27 AM

JonnyBoy

Of course Mike will cherry pick his videos and charts to show what he wants you to see. I did notice that on his videos he doesn't provide any kind of trading disclaimer. I thought this was a pre-requisite of being a vendor with @NinjaTrader, who I thought did periodic audits of their vendors to ensure they comply to stuff like this.

Be cautious here, especially with a vendor that refuses a free trial of their product.

Agree, I've intereacted with Mike lots of times via email. Always responsive and seems like a stand up guy. Things can always change, yes indeed.

April 7th, 2020, 10:12 AM

Seems like OP has already thrown in the towel after so much negative feedback. Might save him a couple of bucks in the end.

April 7th, 2020, 10:17 AM

ELche

I went into the jungle and pirates of OF softwares out there. Spent K's of $$$$, no success . Now went back into the old as dirt crossing MAvg. with standard free indicators like RSI ,MAcd . ,123 tops ,double tops etc. You get the pic. As long as you stick to rules and have a low risk entry, you will make more than you lose.

Good luck and stay safe.

Go ahead and try adding the market internals + VIX and VWAP to your charts, they give very clear indication on what can happen in the markets (stock indexes).

Funny how many ES traders have never even heard of the market internals.

April 8th, 2020, 05:08 PM

JonnyBoy

Of course Mike will cherry pick his videos and charts to show what he wants you to see. I did notice that on his videos he doesn't provide any kind of trading disclaimer. I thought this was a pre-requisite of being a vendor with @NinjaTrader, who I thought did periodic audits of their vendors to ensure they comply to stuff like this.

Be cautious here, especially with a vendor that refuses a free trial of their product.

@bobwest - do you know why the @NinjaTrader tag from my post above was removed? It is relevant to the conversation regarding this vendor not having any disclaimer on their videos. NinjaTrader do complete regular audits on their vendors to ensure they are in compliance to their guidelines. I am curious why my post got edited and the tag removed. Glitch? Am I just not seeing it? Or was it removed upon request? It appears in this quote post, but not in the original.

April 8th, 2020, 05:33 PM

JonnyBoy

@bobwest - do you know why the @NinjaTrader tag from my post above was removed? It is relevant to the conversation regarding this vendor not having any disclaimer on their videos. NinjaTrader do complete regular audits on their vendors to ensure they are in compliance to their guidelines. I am curious why my post got edited and the tag removed. Glitch? Am I just not seeing it? Or was it removed upon request? It appears in this quote post, but not in the original.

No idea. I've refereed it to @Big Mike. Appears to me to be a glitch of some kind, as there's just a blank space there.

Bob.

April 8th, 2020, 05:41 PM

bobwest

No idea. I've refereed it to @Big Mike. Appears to me to be a glitch of some kind, as there's just a blank space there.

Bob.

Yeah, no big deal. Just curious, especially when it appears when the post is quoted.

April 8th, 2020, 06:06 PM

I just realized how weird this is. After reading your last post, I went back to the original and quoted it, and look at this -- the "@" tag is there in the quote that I made just a minute ago, but is still missing from the original:

JonnyBoy

Of course Mike will cherry pick his videos and charts to show what he wants you to see. I did notice that on his videos he doesn't provide any kind of trading disclaimer. I thought this was a pre-requisite of being a vendor with @NinjaTrader, who I thought did periodic audits of their vendors to ensure they comply to stuff like this.

Be cautious here, especially with a vendor that refuses a free trial of their product.

My guess is that there's some database issue. To be determined....

Bob.

April 8th, 2020, 06:35 PM

IMO the only testing to put any faith in is forward testing.

Is Orderflow An Outdated Concept?

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Is Orderflow An Outdated Concept?