What chart patterns should be avoided in the microwave? A Cater Trader teaches trading concepts using the OANDA order book

The method practiced by the Crab Trader is to identify skew in market order flow using the OANDA order book. On the other hand, in situations where there is no order skew and no edge, he says one should refrain from trading. In this video, he explains this in the context of the USD/JPY 5-minute chart before economic indicators.

What you can learn from this video

In this video, you can learn the following:

• When a range persists, the order situation tends to reach an equilibrium
  
• However, if data comes out, there is a possibility of a large move in one direction
• Before economic indicators, orders accumulate on both the buy and sell sides
• A biased skew creates an expectancy! When there is no skew, wait and observe
• Skipping trades when there is no opportunity is also a skill

● Video: 11 minutes 15 seconds

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