Get started

Orderflow

GBPUSD LONG on Order Flow - Follow the smart money! Strong Bullish Signal: The price demonstrated an abrupt growth and totally swallowed the previous downward correction of the price, which shows the weakness of sellers. Additionally, the move was supported by the large volume and positive delta, which means that the smart money propelled the pair up. Volume Zones: We need to point out a new level of resistance 1.3887, which is also a local maximum. Sentiment: This indicator shows that 77% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd"). b.radikal.ru Consider Long Positions: Given all these factors, we may ponder a scenario of the resistance level breakout, which will be a great bullish signal. The surge must be keen and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss may be placed below the breakout volume bar. Profit Potential: Around 80-90 points. To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
Long
by VARIANSE
1
XAUUSD SHORT on Order Flow - Follow the smart money! Strong Bearish Signal: The price demonstrated a huge drop supported by the large institutional volume, which shows an imbalance of sales now. Volume Zones: It is necessary to highlight the level of support/lower boundary of the local range 1785.50, which contains the large volume. Sentiment: This indicator shows that 72% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd"). b.radikal.ru Consider Short Positions: Given all these factors, we may regard a breakdown of the support level, which will allow us to open sales. The move must be keen and supported by the large volume, which will be a more accurate signal for entering the market. A stop loss may be placed above the breakdown volume bar. Profit Potential: Around 300 pips. To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
OANDA:XAUUSDShort
by VARIANSE
1
USDCAD Weekly OutlookHello traders, This is my outlook for FX:USDCAD , With dollar strength rising this week, so will usdcad. We will have a somewhat quite week this week with USD and CAD both having a bank holiday tomorrow, as well as a few economic data reports this week, with more important events on the cad side. On Wednesday, for Cad, we have BOC rate statement, PMI, and job opening, I expect these reports to come out mixed with some positive/negative not causing too much movement in price, as Cads economy isn't strong enough to taper just yet. On Friday, volatility will pick up in that we have both PPI for USD, and employment change/unemployment rate for CAD. I believe that USD news will be lower than expected and CAD being mixed again as employment changes have been on the weaker side for CAD, but overall that dollar weakness will help price push down lower, distributing the net short positions accumulated throughout the beginning of the week. Technical side: 1. I expect price to consolidate on Monday 09/06, then by Tuesday we begin moving bullish to start accumulating more short orders as we move bullish to the HTF order block. COT report on 08/31 shows commercials added a 2600 long positions and reduced their short positions by 6500. However, commercials are still net bearish. There could possibly be a deeper pull back, but at the end of the week, I'm expecting TVC:DXY to lose that strength and continue bearish. Edit: we can possibly see a deeper pullback to 1.26145 if the current target is violated. I forgot to add that in. Potential Bullish Fundamental Catalyst: 1. 09/08 Increased Job Openings-usd 2.Lower Unemployment Claims/oil inventory-usd 3.Lower PPI, inflation curving down, reduction in government spending package.-usd 4. accelerating the TF for rate hikes.-usd 5. Higher inflation numbers, unemployment rates, lower job opening/filling-CAD Bearish Fundamental Catalyst: 1.09/15 Increased corporate/capital earning tax-usd 2. 09/27 3.5 Trillion Government spending package bill (can be negotiated through November)-- possible 5-10% pull back on equities.-usd 3. increased inflation , less job openings, higher unemployment claims-usd 4.Stimulus support because of rising delta cases 5. delaying tapering process.-usd 6. CAD good economic growth with strong economic data reports 7. CAD-rumors of tapering Hope everyone has a great trading week :)
Long
by stimichele
EURUSD LONG on Order Flow - Follow the smart money! Strong Bullish Signal: The pair showed a sharp growth and tested the level of resistance. The price did not break it out, but is still trading near it, which shows the weakness of sellers now. Moreover, there is a strong uptrend, which is also a bullish signal. Volume Zones: We need to point out a new volume level of resistance 1.1896 - 1.1900. The price is trading near this mark. Sentiment: This indicator shows that 70% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd"). b.radikal.ru Consider Long Positions: Given all these factors, we may regard a scenario of the breakout of the resistance, which will be a great bullish signal. The growth must be sharp and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss may be placed below the breakout volume bar. Profit Potential: Around 90 points. To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
Long
by VARIANSE
1