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Domino's Price and order flow trading

  • #141
  • Apr 6, 2010 5:59pm Apr 6, 2010 5:59pm
Quoting domino
k there goes one..

anyways I believe before the 8 pages of nonsense we where talking about how I look at S&R
I look at statistical evidence, seeing is believing.
  • #142
  • Apr 6, 2010 6:16pm Apr 6, 2010 6:16pm
how about this setup
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  • #143
  • Apr 6, 2010 6:25pm Apr 6, 2010 6:25pm
Quoting domino
k there goes one..

anyways I believe before the 8 pages of nonsense we where talking about how I look at S&R

This last euro/usd sell to 3388
Was a RZ15F-Swapped

this reads as resistance zone -15touches-F having to do with order clusters -swapped from support to resistance

we can choose to trade a level depending on the noticability of the level in conjunction with the pending orders below that level.
Any chance you could define "touch" for me please domino?
For example, does a touch include a break through and close above the S/R followed by pull back and close below it or does price have to show an immediate reaction to the S/R? Can a touch include a close encounter (within 5 pips say)?

Thanks
  • #144
  • Apr 6, 2010 6:35pm Apr 6, 2010 6:35pm
Quoting Sutts
Any chance you could define "touch" for me please domino?
For example, does a touch include a break through and close above the S/R followed by pull back and close below it or does price have to show an immediate reaction to the S/R? Can a touch include a close encounter (within 5 pips say)?

Thanks
If it blows through it I dont count it.. it has to react to it.. so blow through and pull back touch and continue would be 1.. how close it gets before its counted will depend on time frame getting close to a zone 15 pips away on a weekly frame is pretty close but 15 pips away is pretty far on a 15Min.. so it would depend on frame but I only count it if its really really close we are just looking for how many time price reacts to it.. and your not making the trade anybetter lieing to yourself about questionable touches.. if its questionable dont count it you want obnoxiously obvious
  • #145
  • Apr 6, 2010 6:50pm Apr 6, 2010 6:50pm
trigg
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  • #146
  • Apr 6, 2010 6:50pm Apr 6, 2010 6:50pm
let the people find their own stratagy.
what ever domino is sharing if u guys dont like it just go and start ur own thread if u think u know something better share with people who doesnot know.

if u guys think u guys are smart and u know all about order flow or whatever just open ur own thread and share.

domino did not invited here to tech him how to trade.he is sharing what he knows.if ur not comfortable with his words go somewhere u understand better.
most of u guys been in the ff long time with lots of vouches.keep ur good reputation guys.

all the best
sho
  • #147
  • Edited 7:13pm Apr 6, 2010 7:01pm | Edited 7:13pm
Hey Domino.

I might not be fully on board with ya so far, but our last 2 trades have been identical (almost). I'm short at 83, was a coupla pips slow, due to browsing youtube.

edit: I also think there will be a shit load of stops lying at 60, just below the pop up due to the FOMC release.
  • #148
  • Apr 6, 2010 7:12pm Apr 6, 2010 7:12pm
Quoting Ted1983
Hey Domino.

I might not be fully on board with ya so far, but our last 2 trades have been identical (almost). I'm short at 83, was a coupla pips slow, due to browsing youtube.
be cautious here looks like we broke through lookin to reshort and protect soon I got a ts slowly reducing risk as well

I agree about the FOMC stops
  • #149
  • Apr 6, 2010 7:21pm Apr 6, 2010 7:21pm
Do you use a hard stop? My initial placement is 410 (for obvious reasons).
  • #150
  • Apr 6, 2010 7:23pm Apr 6, 2010 7:23pm
Quoting Ted1983
Do you use a hard stop? My initial placement is 410 (for obvious reasons).
yeah i use both i drag a TS and continue to move a hard stop wierd huh only during the beginning tho till I have room I guess cause Ive had all sorts of computer problems before during really bad times like like to secure profit if platform or computer/internet goes down

Edit: think well be getting the retest in here we can hold and rebreak and move hard stop on confirmation pic of what i mean
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  • #151
  • Apr 6, 2010 7:35pm Apr 6, 2010 7:35pm
set new limit sell on new break confirmation

will lower the stop above the high on new break and new sell
  • #152
  • Apr 6, 2010 7:54pm Apr 6, 2010 7:54pm
new break confirmed moved stop above

so this is breakeven with 1/2 the initial risk.. its in the hands of god now.
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  • #153
  • Apr 6, 2010 7:54pm Apr 6, 2010 7:54pm
It's been an epic task but I think I have gathered the premise behind how you trade. Feel free to point out anything I may have missed or misunderstood....

Here is a chart to help make sense of it all: (and ignore my arrow, its not relevant to this discussion in any way)

http://www.darkstarforex.com/domino.png

So between the red and green lines we have a RZ or reversal zone representing buy side orderflow acting as support. The green line is a 3 touch, and the red line is a 2 touch S&R level. Your looking for a break of one of these lines to take a trade.

The blue lines represent where future support and resistance zones can be expected.

Basically your assuming that traders are accumulating trades within this RZ and their stops are being put just beyond the highs and lows of the range. The more often it touches the range extreme the more stops are being accumulated just beyond it. If/when the range gets broken, the stops will be tripped and when combined with the orders from other breakout traders, price will be propelled towards the next RZ (blue lines).

How am I doing so far?
  • #154
  • Apr 6, 2010 8:00pm Apr 6, 2010 8:00pm
Yo.

http://img96.imageshack.us/img96/2729/darkstar.png


edit: Can't get image to show for some reason.
  • #155
  • Apr 6, 2010 8:03pm Apr 6, 2010 8:03pm
Quoting Ted1983
Yo.

[IMG=http://img96.imageshack.us/img96/2729/darkstar.png][/IMG]
3397... that line had nothing to do with it, but I don't want to clutter up the thread so thats all I'm saying about it.
  • #156
  • Apr 6, 2010 9:16pm Apr 6, 2010 9:16pm
im out at BE ...
  • #157
  • Apr 6, 2010 9:17pm Apr 6, 2010 9:17pm
Quoting domino
im out at BE ...

Yeah. I got out a while ago (BE also).
  • #158
  • Apr 6, 2010 9:34pm Apr 6, 2010 9:34pm
Quoting Ted1983
Yeah. I got out a while ago (BE also).
yeah me to lol finally posted it I was busy. Kinda sucked first trade( in new thread) BE lol. or wait this wasnt the first i dunno forget after 8 pages of distractions
  • #159
  • Apr 6, 2010 9:59pm Apr 6, 2010 9:59pm
Quoting Darkstar
It's been an epic task but I think I have gathered the premise behind how you trade. Feel free to point out anything I may have missed or misunderstood....

Here is a chart to help make sense of it all: (and ignore my arrow, its not relevant to this discussion in any way)

http://www.darkstarforex.com/domino.png

So between the red and green lines we have a RZ or reversal zone representing buy side orderflow acting as support. The green line is a 3 touch, and the red line is a 2 touch S&R level. Your looking for a break of one of these...
kinda close ... I use a bit more data and the touches are a bit different.. but I also look at the amount of breaks below the level assuming accumulated stops are pending in old opposing trades. so Im looking for points that break and trigger old stops and combined with breakout orders cascade.. this last trade was a bad example( i was eager to jump in and put some beginning trades in the threads.. see what I mean tho?
  • #160
  • Apr 6, 2010 10:18pm Apr 6, 2010 10:18pm
Quoting domino
kinda close ... I use a bit more data and the touches are a bit different.. but I also look at the amount of breaks below the level assuming accumulated stops are pending in old opposing trades. so Im looking for points that break and trigger old stops and combined with breakout orders cascade.. this last trade was a bad example( i was eager to jump in and put some beginning trades in the threads.. see what I mean tho?
It isn't how I would choose to trade, but it makes sense and is totally valid. Props for thinking about the impact of microstructure and building a system around it. If more people took the time to do what you have, I imagine we would have to revise the 5% statistic.

Nice work and good luck to you sir.

PS: And no worries on that trade call. We all suffer with the market not doing what we expect sometimes.
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