GBPUSD Order Flow - Selling On Rallies Way To Go
Hey traders,
Yet again, the OFA script clearly show we should not be meddling with the affairs of the bears, the side fully in control of the price action in the GBP/USD market.
Let the flows, identified via the formation of fractal-based structures, determine the path of least resistance. As usual, credit where is due (Bill Williams). The script (unique in the world) simply makes it visually easier to call these trend, which otherwise would be seemingly hard to continuously identify through manual analysis.
Any bounces are to be seen as clear sell-side opportunities until the realized order flow structure is disrupted. We are far from this scenario.
Be reminded, when applying the OFA script , it has 2 main components to study:
Magnitude: A major clue that will help determine the health of a trend is the type of progress by the dominant side in control of the trend. We need to ask the following question: Are the new legs in the active buy-sell side campaign as identified by the script increasing or decreasing in magnitude?
Velocity: When it comes to the distance the price moves, the magnitude is only ½ the equation. The other ½ has to do with the velocity of the move or the speed. Was the new leg created after a fast and impulsive move? Or did price make a new low or high with the movement being sluggish, compressive and taking too long to form? A good rule of thumb is to count the number of candles it took to achieve a new leg.
DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment or trading recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified financial adviser or other investment / financial professional before entering any trade, investment or other transaction.
Yet again, the OFA script clearly show we should not be meddling with the affairs of the bears, the side fully in control of the price action in the GBP/USD market.
Let the flows, identified via the formation of fractal-based structures, determine the path of least resistance. As usual, credit where is due (Bill Williams). The script (unique in the world) simply makes it visually easier to call these trend, which otherwise would be seemingly hard to continuously identify through manual analysis.
Any bounces are to be seen as clear sell-side opportunities until the realized order flow structure is disrupted. We are far from this scenario.
Be reminded, when applying the OFA script , it has 2 main components to study:
Magnitude: A major clue that will help determine the health of a trend is the type of progress by the dominant side in control of the trend. We need to ask the following question: Are the new legs in the active buy-sell side campaign as identified by the script increasing or decreasing in magnitude?
Velocity: When it comes to the distance the price moves, the magnitude is only ½ the equation. The other ½ has to do with the velocity of the move or the speed. Was the new leg created after a fast and impulsive move? Or did price make a new low or high with the movement being sluggish, compressive and taking too long to form? A good rule of thumb is to count the number of candles it took to achieve a new leg.
DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment or trading recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified financial adviser or other investment / financial professional before entering any trade, investment or other transaction.
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📓📓Learn Order Flow like a PRO:
ofa-course.com
🧑🏫🧑🏫 Author of the #1 Order Flow Script:
tradingview.com/script/WhQSEfKT-OFA-Order-Flow-Analysis
📧📧 DM me if doubts (100% response rate)
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