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Orderflow ES chat rooms

  #31 (permalink)
 
phantomtrader's Avatar
 phantomtrader 
Reno, Nevada
Legendary Market Wizard
 
Experience: Advanced
Platform: NinjaTrader
Trading: ZN, ZB, CL
Frequency: Daily
Duration: Minutes
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n7ekg View Post
Roger that on the spoofing! I see it every day.

In order to properly interpret order flow takes knowledge of what absorption and exhaustion looks like on the DOM, too. You have to be able to interpret what you're seeing on the DOM, both in terms of resting orders and filled orders, what buyers and sellers are doing, both at each price level and as price action moves up and down. You also have to pay close attention to volume - are the buyers or sellers losing interest as price goes up or down? Or are they all piling in at a particular point? Are those resting orders likely to be real, or are they spoofed orders? Context is very important.

The best I've seen is a guy named Ray over at compassfx. He's based in London and is a quant and bank trader. He's forgotten more than what I've learned about trading, for sure. He doesn't sit around and put on a trade and "hope it works out" - this guy KNOWS. Check him out at https://compassfx.com/master-trading-training/

Absolutely. What you mentioned about absorption and exhaustion is critical. When you see absorption, pay attention because that's real. The spoofing thing is annoying but you get used to it. I don't know how they do it in fast moving markets like the NQ. Gives me a headache just to watch it! That's why I stick to bonds.
The order flow learning curve is steep - but without it you're dead in the H20 in my opinion.

I heard about compassfx somewhere else - I forget where. I'll look at it again. It's always informative to watch someone who knows what they're doing. Thanks for the reference.

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  #32 (permalink)
 tomalley 
dublin , ireland
 
Experience: None
Platform: Ninjatrader
Trading: ES
Posts: 2 since Jul 2015
Thanks Given: 14
Thanks Received: 1


Volt View Post
I'm not sure where to post this but there is so much info on here about order flow but I have yet to find any chat rooms that are analyzing it in real time with much success. Most all speak in generalities or after the fact screen shots. So is there ANYONE who markets education ( Especially for the ES) that can actually trade with orderflow and shows you real time results? I'm not interested in excuses or stories about why this can't be done or it's an art form or blah, blah, blah. I'm looking for someone who actually gets results. Pretty dots and imbalances are cool to see but I'd rather see results and dollar signs. If there is a thread that speaks directly to my inquiry then please direct me there and I apologize for wasting time and causing others effort. It's frustrating to see vendor after vendor pop up without any kind of tradeable track record... I think it's time to crack down and sift through to get to what is real. All this stuff reminds me of the old gold rush stories....You're gonna get rich by finding gold but the real money was made by those selling the tools and supplies to those trying to find the gold. Sorry that this probably comes off as offensive and some vendors may get defensive but let's see some real results from the people peddling the product as the trades unfold.

Volt

You should check out FT71 and his proprietary convergent trading room. A lot of the guys who attend his daily market prep videos are constantly recommending it,, problem is you have to pay 69$ per month until the end of Feb and then 99$ thereafter but as I said, it seems highly rated. Am thinking of joining it myself.

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  #33 (permalink)
 TheBenefactor 
Pensacola FL
 
Posts: 57 since Jun 2016


Is there anyone getting rich trading?

Yep.

And you want their track record and proof and helpful hints?

You got it.

AND YOU DONT WANT TO SPEND A DIME FOR IT?

Not too many of those people around.

I will make a deal with you.

Find me a world class lawyer. Not an accident case where you dont pay unless they win, where they always get some kind of settlement from an insurance company:

How about a Criminal lawer? Or maybe you want a partnership agreement with 3 partners, sell stock, buy out plan, LLC formation.

I want that lawyer to do a job for Free. Just to see how good he is. Then I will give him a ton of business.

YOU can't find one?

Oh. Then there is no such thing as lawyers.

Pretty weak logic right.

TB

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  #34 (permalink)
 TheBenefactor 
Pensacola FL
 
Posts: 57 since Jun 2016


tomalley View Post
You should check out FT71 and his proprietary convergent trading room. A lot of the guys who attend his daily market prep videos are constantly recommending it,, problem is you have to pay 69$ per month until the end of Feb and then 99$ thereafter but as I said, it seems highly rated. Am thinking of joining it myself.

Cant be that good if he charges 99.00

Or he or she is an idiot.

Think about it. 3,000 trading room people are scams. They all lose money.

YOU ARE THE ONLY ONE ON THE PLANET who is the real deal. You make money all the time, your advice is right on.

So you decide to work with some snivelling newbie who cant change his diapers, if he loses money will blame you, and you will work for $3.00 per day?

Why not get a job at McDonalds? Over here they are paying $14.00 per hour. This guy would have to train 5 people per day to make the same money he could earn flipping burgers. And if someone gets a dry burger they will not post your name on the internet and call you a scam artist.

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  #35 (permalink)
 chancee 
atlanta, georgia, usa
 
Experience: Advanced
Platform: tradestation
Trading: futures
Posts: 8 since Jul 2015
Thanks Given: 0
Thanks Received: 1

No! You will never find a video of someone consistently making money trading futures with order flow or any other method because no one does! Believe what your common sense is trying to tell you.

I believe it痴 just a matter of time before some harsh regulation finds its way to this industry. Way too many people selling things and causing people to lose money.

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  #36 (permalink)
 
ch123456's Avatar
 ch123456 
Houston+Texas/United States
 
Experience: Intermediate
Platform: Ninja Trader, Motivewave
Broker: NinjaTrader, Oanda, TD Ameritrade
Trading: CL GC
Posts: 96 since Nov 2015
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chancee View Post
No! You will never find a video of someone consistently making money trading futures with order flow or any other method because no one does! Believe what your common sense is trying to tell you.

I believe it痴 just a matter of time before some harsh regulation finds its way to this industry. Way too many people selling things and causing people to lose money.

Your experience for your profile says you are an advanced trader. How did you qualify as advanced if you and also no one out there are able to make money?

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  #37 (permalink)
 Meklon 
New York, USA
 
Experience: Advanced
Platform: Sierra Chart
Trading: RTY, ES, YM, NQ, CL, NG, GC, HG
Posts: 61 since Oct 2016
Thanks Given: 53
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JamesPowell View Post
you think your request was bad im probably going to get shot for my reply to you...you are 100% accurate in your "gold rush" analogy. That's what trading is as a matter of fact. Short term trading aka "day trading" that is. There is dang good reason almost all day traders loose all their money. The answer to your question is that there are no traders that will show you live trading. Especially order flow trading. Because what moves markets is unfilled institutional orders. The level 2 data you are looking at contains no institutional orders. Its all 100% retail orders. Yours and mine. There are laws, rules and regulations that prevent the public from seeing institutional orders. So what I am saying is that you and I and anyone else in the world that wants to can see all the retail orders you care to look at. So can the institutional traders. But not the other way round. There is no public access to institutional order flow. In fact most if now all retail brokers do not even have access to it. Hell they cant even fill your orders. They sell your orders to a third party to actually get your orders filled. Proof? Nope. Just deduction. I too use to trade ES and I also have been a follower of "supply demand" based trading. So there was always three points. For every buyer there was a seller and vice verse. Second for price to go higher there has to be more buyers than sellers...you see the conflict already right? Third for price to go down there had to be more sellers than buyers...again the conflict. So as an example on a big down day the conflict became blatantly obvious. On a big down day in the ES looking at the DOM it was painfully obvious that there would be as much as 10X the BUYERS than there would be sellers ON A BIG BIG DOWN DAY. How the hell can this be? The answer is this and it resolves the conflict. There is in fact a buyer for ever seller AND there are also more sellers than buyers pushing price down. Let me explain. As I said and anyone can attest on a big down day in the ES there are in fact way more buyers on the DOM than sellers but price went down anyway. This is because the institutional side is invisible to us as retail traders. There were in fact more institutional sellers - which pushed price down. Also for every one of those institutional sell orders there was in fact a buy order as well. Trouble is they were retail buy orders. Hence on the DOM on a huge down day on the ES it is not uncommon to see way way more buyers than sellers. Because the order flow we are permitted to see is all totally 100% retail orders and zero institutional. That's not so say you still cant win. Because some traders do. But the odds of you winning consistently day trading are very slim. Just because of the invisible factor.

What you have wrote above is an utter nonesense, pretty much all of it. You simply do not understand market action theory and the Order Flow for that matter. You are also doing a damage to people who willing to learn by asserting false information (I.e. conflict of interest by brokers, inability to fill orders, not being able to see institutional orders, etc.) things you cannot prove.

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  #38 (permalink)
 chancee 
atlanta, georgia, usa
 
Experience: Advanced
Platform: tradestation
Trading: futures
Posts: 8 since Jul 2015
Thanks Given: 0
Thanks Received: 1


ch123456 View Post
Your experience for your profile says you are an advanced trader. How did you qualify as advanced if you and also no one out there are able to make money?

Easy, you just have to keep trying for like 5 to 10 years and you値l become advanced too. Won稚 make any money but you値l be advanced.

Do yourself a favor and go to plan B now. You値l thank me someday.

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  #39 (permalink)
 
phantomtrader's Avatar
 phantomtrader 
Reno, Nevada
Legendary Market Wizard
 
Experience: Advanced
Platform: NinjaTrader
Trading: ZN, ZB, CL
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Duration: Minutes
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Thanks Given: 217
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TheBenefactor View Post
Cant be that good if he charges 99.00

Or he or she is an idiot.

Think about it. 3,000 trading room people are scams. They all lose money.

YOU ARE THE ONLY ONE ON THE PLANET who is the real deal. You make money all the time, your advice is right on.

So you decide to work with some snivelling newbie who cant change his diapers, if he loses money will blame you, and you will work for $3.00 per day?

Why not get a job at McDonalds? Over here they are paying $14.00 per hour. This guy would have to train 5 people per day to make the same money he could earn flipping burgers. And if someone gets a dry burger they will not post your name on the internet and call you a scam artist.

FT71 has been around for a long time. He doesn't charge much. He likes to talk to people and interface with other traders. Nothing wrong with that. I think he shares his methodology freely. I've never attended his trading room but if the guy was a scam artist, he wouldn't be around as long as he has. He has a good reputation and that's what counts.

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  #40 (permalink)
 Meklon 
New York, USA
 
Experience: Advanced
Platform: Sierra Chart
Trading: RTY, ES, YM, NQ, CL, NG, GC, HG
Posts: 61 since Oct 2016
Thanks Given: 53
Thanks Received: 197



phantomtrader View Post
FT71 has been around for a long time. He doesn't charge much. He likes to talk to people and interface with other traders. Nothing wrong with that. I think he shares his methodology freely. I've never attended his trading room but if the guy was a scam artist, he wouldn't be around as long as he has. He has a good reputation and that's what counts.

I second that. FT71 is not making money off the membership fee. His business model is entirely different. He was an owner of a Prop firm before and currently setting up a community of disciplined traders that will generate even more business for him and his firm. Morad is GOOD person and does a lot of good for education of people FOR FREE.

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