Bank Order Flow Trading(read carefully could change your life)maybe!

bankorderflow · June 18, 2015, 3:48am

seems like we missed the trade by 4 pips, i was late. ok here is what i’m going to do, if i get 1.1371 to 1.1375 i risk very small still looks like a good short.
average of 200 mil so far, if i don’t get filled in the next 15 min , i will reset for another accumulation of orders . if you decide to enter the trade you stop should be right at 1.1376 to 1.1377 nothing more than this.

bankorderflow · June 18, 2015, 3:59am

I’m going short at 1.1375 with 10 pip stop.

bankorderflow · June 18, 2015, 4:28am

Offers 1.1410 area heavy
ok guys by 4:30 exactly if price stay below 1.1410 i will short with 10 pip stop.

bankorderflow · June 18, 2015, 4:39am

nice i took some off + 10 pips move to break even now.

bankorderflow · June 18, 2015, 4:40am

trade went against us by 1.5 pips, the reson im tracking how far trade goes against us is to be able to fine tune my entries.

bankorderflow · June 18, 2015, 4:51am

first and second target is hit guys next target is +30

bankorderflow · June 18, 2015, 5:17am

Bids 1.1425 area light about 85 mil
offers at around 1.1375 still stands, I’m not going short but if break at that price looking to fill the rest of my targets.

bankorderflow · June 18, 2015, 5:37am

Offers EURUSD 1.1420 area, keep you posted if i take any trades.

bankorderflow · June 18, 2015, 5:54am

offers 1.1420
6 min warning potential trade setup for shorting

bankorderflow · June 18, 2015, 6:01am

very tempting to go short at 1.1419 , i think i wait

bankorderflow · June 18, 2015, 6:07am

damn I wish i had the nerves to take the trade easy 10 pips, we missed it, didnt even go against us by 0.5 pips

a2204 · June 18, 2015, 7:26am

Bids at 122.50 in $JPY. $500m

bankorderflow · June 18, 2015, 8:42am

Sorry i dont have access to any JPY pair right now

bankorderflow · June 19, 2015, 1:47pm

Offers EURUSD 500 mill at 1.1355

stashroyal · June 19, 2015, 3:35pm

Hi bankorderflow,

as you mentioned, i did ask my broker if they allow hard stop loss and as you maybe already guessing, they cant.

Can you maybe tell me a broker which will allow that?

Kind regards

stash

bankorderflow · June 20, 2015, 12:32am

I knew most brokers wont allow you or they don’t even know what it is since they are bucket shops.
I will find out some brokers who do.
where do you live? if you live in UK i know of some. but unfortunately if you are in USA or Canada i dont know many unless you go Prime Broker with a 5 million dollar account.

Cicciopasticcio1 · June 20, 2015, 4:38am

hi bank

can i know with wich broker yu trade in arbitrage?

thanks

bankorderflow · June 20, 2015, 10:20pm

I use Routers and fxall. Hotspot as well to hedge my trades.

emeraldorc · June 21, 2015, 2:58pm

bankorderflow:

Hi,
Good thing you mentioned forexlive i think they show their own bids and offers, sometimes i do get the same thing at they do but most times when i look at my numbers for options cut NY are exactly the same since we both have an access to the same type of information but i get different volume than them since i have an access to other pools as well.
What i do have is a feed to couple of hedge funds and Liquidity providers.Since i have a prime brokerage account have the privilege of accessing their book,which took me about 2 years after building relationship with them to get it. I Don’t really think i can trade based on futures volume in FX.

What i can see in these feeds are the intentions are LPs and banks. For example Reuters own about 80% of eurusd volume, their book is huge, but on the other hand if you want to trade GBP/JPY they don’t have enough depth in their book so you can’t make trading decision based on that type of information.
I have never used market profile , but i read about it many times.to be honest as soon as you try to analyse the price and punch it into a formulat to be able to calculate and predict the future price you get yourself into the same thing, technical trader or trading, which there is nothing wrong with that, I think it s great if anyone with any tools can make money in this market on a consistent basis. I dont care what it is as long as it makes money.but as i said before for myself personally trading with charts alone is like driving the car forward just using rear view mirror.

What I’m able to see from the feeds are simply Limit orders,Market orders when they get executed.and they enter into another book called C book.from C book acumulation of orders in volume shows what they are thinking in short term.

If you look at the order book which some brokers such as dukascopy have, all you see is just bunch of limit orders provided by LPs, those information is valuable too but you see most times they try to trick one another in the book by placing buy and sell Limit orders, trying to make the other believe something is about to happen and market either goes up or down.
they key that i use is a mixture of looking at the book(limit orders) see where imbalance is in the market then look at the C book and see how much volume is actually getting executed in that direction.Simple as that. I can see the accumulation of bids and offers, for example I give out my own bids and offers ,so i say BIds EUR/USD 1.1217 area this means i saw accumulation of buy orders on the books,usually if the accumulation of orders goes above 1 yard we see a good 8 to 10 pip move within the next couple of minutes.

in forexlive they don’t give you bids and offers with their volume.I just looked at the site.
I can tell you which liquidity provider is buying or selling,It’s hard to by just looking at the book to figure out the fake order or Icbergs, but by looking at the execution part you can figure out who is trying to cheat you and what they real intentions are.
again it doesn’t work 100% of times but i found more success with this rather than technical analysis.

Thanks for the info. You are quite right being able to peer into the order book is a big deal and it will certainly give you an edge. As you say they utilize what appears to be layering (Place fake limit orders to give the perception of buy and sell pressure where this is none, in effect lowering or raising bids). Totally get this. It is definitely different.

As you say tools are critical, TPO is definitely the way forward for retail that doesn’t have your level of access at least you can synthesize the price action a little and gain consistency and profits. I wouldn’t quite say it is driving the car forward with the rear view :), seeing it is from CBOT and costs a fortune but I know what you mean. Great stuff, always a great to trade with an edge.

Cicciopasticcio1 · June 21, 2015, 4:46pm

Hi bank i wish to trade a arbitrage with a fast broker against a slow broker
Wich