Hey traders, Remember that the market is a mechanism that transfer wealth from the patient to the impatient. If you wish to stay on the side on the patient practioners, few things beat letting the price behavior and the swings that form in the process dictate your entries. The OFA script applied to the chart of GBPUSD speaks a thousands words. While there...
In this video I offer my train of thought as to why Oil might be en-route to target as ultimate cyclical target the $60. The OFA script breaks down what otherwise would be a very messy and chaotic price behavior into neat and visually clear waves. Remember the two key main features of the OFA indicator: Magnitude: A major clue that will help determine the...
In this video I’ll touch on a short setup in gold following the logic of order flow via the OFA script . First things first, as you can tell by the multi-timeframe analysis, with the order flow script corroborating this view, gold is in a downtrend. Gold recently broke the major 1,700.00 support. Well, that line of defense has now turned resistance, with an...
The EURUSD is going through its own ride to hell below the parity level with the latest order flow, identified via the OFA script pointing at further pain ahead. The pattern I like to look out for where buyers taper off and sellers step in more aggressively has been realized, so what's left is to put on the trade and manage risk. The proper reading of order...
The unfinished business to the downside in the SP500 continues its course. The OFA script features a goldilocks scenario with increasing velocity and magnitude to the downside while buyers have been tapering off. As a reminder, a 100% projection target from the last bracketed area (see rectangle ) takes us to 365.00, which aligns with the previous trend lows,...
In this video, I’ll be ripping apart FX:GBPUSD via my publicly available OFA script . For this analysis, I’ll be looking at both the daily and the 8h, which details the action from a session by session standpoint. When it comes to unpacking the daily order flow, the OFA script has been signaling to stay bear and bear only since last sept… Ever since,...
BITSTAMP:BTCUSD on the 8h chart (session by session flows) remains in a bearish context as depicted by the OFA script - We can see the last push lower exceeding in velocity and magnitude the previous attempts to the upside... As the last post implies, when this type of bearish wave unfolds, it carries heightened risk of follow through. This time it's even more...
As the previous post suggested, there is unfinished business to the downside in this unfolding bearish structure in the SP500. Bears are clearly in control of the downside in a move that features increasing velocity and magnitude of the decline vs a tepid and by now confirmed failed buying cycle, all well signaled via the OFA script. As a reminder, a 100%...
BITSTAMP:BTCUSD on the 8h chart (session by session flows) is going though a period of sellers' controlled price action until proven otherwise. The OFA script clearly depicts this bearish picture by having printed an acceleration in both the velocity and the magnitude of the newly formed down-cycle. Typically, when this type of bearish wave unfolds, it carries...
Order flow analysis can be our ally via the right interpretation of realized market orders. In this example, we can observe a failed bullish structure followed by sellers re-taking control of the downside in a push characterized by increasing velocity and magnitude vs the previous failed buying cycle, all well depicted via the OFA script. A 100% projection target...
Order flow analysis can be our ally via the right interpretation of realized market orders. In this example, at the key 50% retracement, we note a pattern of decreasing sell-side impetus which is then countered by buyers emerging in style... all well depicted via the OFA script. Remember the two key main features of this indicator: Magnitude: A major clue that...
Simplicity in trading via the OFA is a thing of beauty. The tool allows you to decipher market intentions. The proper reading of order flow can provide information advantage as in the case of this recent long trade in USD/JPY off a weekly support area. Notice in this example how sellers were running out of gas as plotted via the down legs (both in amplitude and...
EURSEK reversed off its resistance at 10.6061 where it could potentially drop further to 10.3924. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
GBPJPY reversed off its resistance at 144.432 where it could potentially drop further to 141.280. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
SHCOMP bounced off 2937.698 where it could potentially rise further to 3130.627. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
HSI bounced off 27665.9 where it could potentially rise further to 28593.7. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
SPX bounced off 3306.05 where it could potentially rise further to 3364.42. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
HSI bounced off 27665.9 where it could potentially rise further to 28593.7. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.