Incidentally he refused to divulge more info other than the superiority factor.
I wish him and all other individuals the best, if they have something better to help them improve their trading. It was never our claim that we have found the "holy grail of trading" or the best system of trading known to mankind.Neither are we in competition with anybody else for a performance ranking.
Our orderflow indicators are trend indicators in 2 time frames for intra-day and help us to make proper decisions to buy/ sell or exit as the market keeps churning out new information.
As regards to the Holy Grail- everyone has one- the one between your ears, provided you know how to use it wisely.
Nifty :
Bank Nifty :
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7 comments:
hi
but the fact is no one want to share more information. even if we take you in this case do you think by just uploading the above picture about order flow is going to help anyone just from seeing that picture then the answer is no.
nothing offence on u.
i hope u could not because ur running a paid service.
cheers
I have to disagree with you BS rules..(notice the pun)...The above pictures definitely help and in my opinion OF is the best intraday trend indicator..Shai has said this before and i'll echo the same again - Just follow the Red/Blue line...it's as simple as that...Secondly, i hope you gather that the above pictures have only been posted as a reference as to what happened during the day and not what would happen on the next trading day. It is purely an INTRADAY chart and moves tick-by-tick with the market...it is not intended to help anyone for the next trading session but to demonstrate the power of OF as an intraday tool
king
the above message is only related to the above passage by the administrator related to a writer who does not give any information about his tool.
i too know that its a past one and not for next trading day but we are not in the paid service in that case how do u tell that the above chart is going to help the readers of this blog.
order flow which has been given above has a chart but a reader like me does not have any use about that. thats what i tried to tell.
happy investing
king
to make it short and simple how the above chart is going to help a reader of this blog. apart from that the administrator use to give info about OI everyday which is really informative to the readers of this blog who are not in the paid service.
happy investing
There seems to be a running debate in the chat as well about the utility of this OrderFlow indicator EOD.
To be very honest and as mentioned above in this post, the utility is more on an intra-day level to help us align our buying/ selling/exiting with the larger trend of the market.
But a look at the same charts EOD, gives us as idea of the strength of the two way auction which happens.
In the Nifty chart above the blue line from 5640 gives me the strength of the buyer. The red from 5740 the presence of a seller, but notice that he could bring it down only to 5680 over two days in a move which in magnitude is lesser than that of a buyer.Notice also the blue-red going sideways from mid-day.
In itself it tells me that there is a consensus on value at the close, a buyer at 5640 and a seller at 5740 and a market wanting to move in the next session or two.
Shai,
1. I am loss to understand why you have brought in public forum the contents of a unauthenticated claim of superior-trading-system made by XYZ to you. Just, like you, we all wish him well and success. Period.
2. From the invite-sessions at Vtrender I have been to I can say that more than the chart and the flow order red-blue line, it is the analysis of the administrator (Shai and his team) about the market which prompts us whether to choose a entry or not. Every trade is not to be taken and nor everyday is to be traded. It is this distinction which comes only through the personal intervention of Shai and his team.
And the debate goes on! Those who are used to these indicators know what its worth...
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