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The Oanda Oracle: support resistance identification with open orders
Owner: JohnLast
Group members: 6
Description:
Here in this group I would like to share my experience with the use of the Opanda order's book information.
This information may enhance your technical analysis studies. It may be very useful combined with VSA (Volume Spread Analysis). The most important pattern is the cycle between accumulation of open orders orders and the distribution between retailers and market makers.
Group blog
Retail Sentiment Gauge, the Human Herd and the Wisdom of the Crowd
By JohnLast 3892 days ago Comments (3)Retail Sentiment GaugeShort term volatility patterns or something else
By JohnLast 4327 days ago Comments (2)Short term volatility patterns related with open orders and other type of market forces.Accumulation of Open orders and Fibo levels
By JohnLast 4351 days ago Comments (9)Accumulation of Open orders and Fibo levelsComplexity Game and VSA
By JohnLast 4354 days ago Comments (3)The VSA is not outdated. But we need to update a little bit our knowledge.1. The existence of HFT (High Frequency Traders). There are some HFT that are predatory towards the big institutionnal volume.2. The big institutionnal volume prefers to...The connection between VSA and Open orders analysis
By JohnLast 4360 days ago Comments (2)There is a direct connection between the VSA patterns and the Open orders patternsChange of sentiment in the Eur/Usd
By JohnLast 4361 days ago Comments (11)Change in sentiment visible in the Oanda open orders
Group bookmarks
How to see where traders place their stops
By JohnLast 4361 days agowww.mediafire.com - This is a download link of a short e-book. It is well written and was kindly shared by forex-consult. This is not something new but it is worth to read for those who make their first steps. I think this information can be combined with...Olsenblog
By JohnLast 4390 days agohttp://www.olsenblog.com/ - Here you can find a little booklet How to trade. In fact this is not really a newbie booklet. Not really. The butterfly effect and the cascade of domino cause by the simultanious hit of stop loss orders is a must read.Oanda open orders book
By JohnLast 4390 days agofxtrade.oanda.com - This is a link for the Oanda Open orders book.
Group files
Oversold levels and open orders
By JohnLast 4239 days ago Comments (2)On this example we see how below the level 1.3000 practically there is not any accumulation of Open orders. In this case we could say that the market is oversold. However as in theory the accumulation of open orders does not track the smart money...The four fundamental market states
By JohnLast 4249 days ago Comments (1)Here on this picture you can see the four fundamental market states. As the market has a fractal nature you can see the market states within the market states. More on this analysis you can read here.Trending and volatile market state
By JohnLast 4249 days agoHere we have trending and volatile market state and the accumulation of the market orders within it. The same as for the trending and quiet market state you can use the Oanda open orders for take profit levels and risk control. It is really...Trending and quiet market state
By JohnLast 4249 days agoHere we have a trending and quiet market state. You can see how you can use those levels for: - take profit levels - risk control levelsRanging and Volatile market state
By JohnLast 4249 days ago Comments (2)This is ranging and volatile market state with typical market orders distribution. You can see how the market orders define levels of support and resistence.Range bound market state and accumulation of open orders
By JohnLast 4249 days ago Comments (2)Here we have a range bound market state with accumulation of open orders. What is interesting that the orders are not really close to the market range.
Group activity
- JohnLast commented on the blog Retail Sentiment Gauge, the Human Herd and the Wisdom of the Crowd
- JohnLast commented on the blog Retail Sentiment Gauge, the Human Herd and the Wisdom of the Crowd
- JohnLast commented on the blog Retail Sentiment Gauge, the Human Herd and the Wisdom of the Crowd
- JohnLast published a blog post Retail Sentiment Gauge, the Human Herd and the Wisdom of the CrowdComments
- JohnLast 3891 days ago
As you look at this chart and as you make simple technical analysis it looks like the crowd is against one of the strongest technical analysis signals.
This can be seen easily on this shot. In the technical analysis there is seldom a more powerfull signal than a break - out in the direction of an established trend. And still the human crow is bearish.
От technical outllok You can compare with the screen shots of the previous post that still there is no big change from the positioning of the crowd.
От technical outllok - JohnLast 3891 days ago
You can see that the Long - Shorton ratio is highly inconsistent with the actual correlations between main currency pairs.
For example:
EUR/USD 67 % are Short and 32.8 % are Long
GBP/USD 61.55 are Long and 38.4 % are Short
However between those pairs EUR/USD and GBP/USD is a very strong historical correlation:
От technical outllok - JohnLast 3880 days ago
It looks like a lot of human traders existed their long EUR/USD during the last week correction.
От technical outllok
Group discussion
More particular situations with Oanda open orders
Started by JohnLast 4354 days ago Replies (1) Last reply by JohnLast 4249 days agoОт 23 септември 2011 Here I would like a more particular situation with Oanda open orders. Here we are in a process of accumulation of orders. But for the moment a gib accumulation of retail orders is missing. That means market makers...General Open Orders Discussions
Started by JohnLast 4333 days ago Replies (11) Last reply by JohnLast 4254 days agoOpen Orders Diuscussions ... Let discuss it.
Group pages
In a nutshell part 4: short term volatility and open orders
Last updated 4389 days ago by JohnLastThis is a kind of joke but very often the market makes some kind of strange things going somewhere and there it reverses and going in the exact opposite position. The market very often traps both the bulls and the bears. So I compared the market...-
In a nutshell part 3: Oanda orders and support resistance identification
Last updated 4389 days ago by JohnLastThe system can be used in range bound markets. Some think that range bound markets are easy and you just need your favorite oscilator to take the signal. However on of the practical problems is the hypothetical support resistance... -
In a nutshell part 2: The trend map
Last updated 4389 days ago by JohnLastIt is not possible to see the orders with an indicator. That is because it is not in the price yet. The orders are in the order book of the market maker they are not a part of the price yet but they become a part of the market (a subtile... -
In a nutshell
Last updated 4390 days ago by JohnLastWhy we should bother with order's book? I think that there are two reasons. 1. The first reason is that Oanda is a big player and through its open orders book we have a statististical meaningfull order book for the all the retail market. 2....
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