tag:blogger.com,1999:blog-847353783015972405.post6667437329514552369..comments2023-12-05T23:36:32.393+00:00Comments on ElectronicLocal: Order Flow Misunderstood + ConsistencyElectronic Localhttp://www.blogger.com/profile/10539999419310383613noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-847353783015972405.post-78803327024147816122015-09-06T04:36:26.882+01:002015-09-06T04:36:26.882+01:00Targets are related to trade location. If its an i...Targets are related to trade location. If its an inside out trade then I'm usually entering at the mean and may be looking for just a quick profit to 2 standard deviations away or I may have a target based on support and resistance from MP. An Outside in trade may be just looking to go from. say, overbought to oversold, say upper bollinger to lower bollinger. Another strategy can be to test how far a market moves under certain order flow and context conditions and make a consistent target of x ticks that I know will be hit 90% of the time if I get it right. Taking this further, if I exit part position at x ticks and run the balance with a b/e stop and can combine both these ideas.Electronic Localhttps://www.blogger.com/profile/10539999419310383613noreply@blogger.comtag:blogger.com,1999:blog-847353783015972405.post-23885091938156565112015-09-05T21:41:48.573+01:002015-09-05T21:41:48.573+01:00Sorry,
I was speaking more of the trading example...Sorry,<br /><br />I was speaking more of the trading example you have here on the DAX. It appears more like a scalping trading plan. Similar to the other day.<br /><br />ThanksSeverinohttps://www.blogger.com/profile/09279332888959190709noreply@blogger.comtag:blogger.com,1999:blog-847353783015972405.post-71764008115662144402015-09-05T05:47:22.165+01:002015-09-05T05:47:22.165+01:00Hi Rino, good to hear from you. targets are still ...Hi Rino, good to hear from you. targets are still based on the same old: context. - MP as well as the indicators. Its all dynamic but depends on the trading plan. For example, in a sideways market I'll exit at the extremes of the move as stops of others are hit. In a trend move that I enter short at, say, a VAH, I'll scale out of shorts at different support areas.inside the VA until I run out of bullets and stiopping out at B/E if the market reverses. Electronic Localhttps://www.blogger.com/profile/10539999419310383613noreply@blogger.comtag:blogger.com,1999:blog-847353783015972405.post-24861092344338011632015-09-04T18:07:39.035+01:002015-09-04T18:07:39.035+01:00Hello Boss,
You nailed that one on the head.
&qu...Hello Boss,<br /><br />You nailed that one on the head. <br />"Order flow" is the soup of the day and the silverware it<br />is served with is a fork called bid/ask.<br /><br />What determines your target, pace? (Using pace vaguely. Meaning thrust as well.)<br /><br />Thanks,<br /><br />RinoSeverinohttps://www.blogger.com/profile/09279332888959190709noreply@blogger.com