Quote:Originally Posted byÂ CindyXXXX“Got any homework for us Grk?”Â
Homework? Is order flow class in session? I thought you skipped yesterday’s class?Â
Well as for homework. The market gives you homework to do every time it makes a 30 pip move, 50 pip move, 100 pip move, 300 pip move, 1000 pip move.
You can do homework every day. You just need to decide that you will dedicate a few hours a day to homework. Then once you decide to do that, you just need to figure out what type of order flow homework you will spend your time on.
The market gives examples every day. It gives homework every day. The market is just begging you to do your homework and figure it out. The market wants you to figure out ‘why’ it is moving. Then it can grade you on your work. The better you get at figuring out why the market is moving, the higher grade you get, and the more pips that come with it.
In my opinion technical indicator traders have the worst edge of all. They have the worst entries/trades. Then come price action traders who do have some sort of edge, although it is not always present at all the times that they think so. Then come order flow traders, that when done properly always have an edge, usually the greatest edge of them all.
When traders first start, they may load up their charts with technical indicators. Some of them figure out that it is not working for them and they go more towards removing technical indicators and trading with price action stuff. Some people stay there. They may have an edge and they make money and that is cool.
Then there are other people who choose to attain an even greater edge. That of an order flow edge. They continue on the trend of removing things from their chart. Only this time they remove the price bars off the chart, and forget about the chart completely. They learn how to trade without a chart at all. They don’t need it because they operate at a completely different level.
Here is an example of three different traders:
1. The order flow trader should always g et the best entry
2. The price action trader gets the second best entry
3. The moving average crossover trader gets the worst entry of them all
It is up to you to figure out which trader you wa nt to be. Order flow trader is the best, but it is also the most work.
My big mouth yapping again. Why I am sharing this with you guys I truly don’t know.Â
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