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Domino's Price and order flow trading

  • #221
  • Apr 7, 2010 8:55am Apr 7, 2010 8:55am
Quoting pipmutt
How do you know when a level is conquered? A move above resistance could be a stop hunt which gathers momentum and triggers more stops (the stop runners motive), and then positioning for a sell off at those better (higher) prices, or it could be a genuine directional move based on fundamentals, how can you tell? Again, you're only going to know after the event. How do you decide which scenario is more probably and either fade the spike or trade in it's direction, perhaps on a pull back?




This is beginning to sound a lot like TA rather than order...

I don't know which will work and which do not I take them when I see the setup and believe me, I honestly don't have a 100% hitrate. I just trade the setups I have studied and that I see best. The setups that repeat over and over on charts. What my eyes see is just my eyes....we all see different things.



Personally I do not consider it TA and neither OF for that matter. I call it that for lack of better word and beacause domino started this thread along these lines. We trade similar but not identical.

If I were to give it a name it would be Price Analysis but don't know if it makes sense. But "basic stuff" sounds more like it......very basic stuff indeed
The quality of your life is brought about by the quality of your thinking.
  • #222
  • Apr 7, 2010 8:55am Apr 7, 2010 8:55am
Quoting hornet
i am not interested in the sizes, i just see where the levels are on charts. that is all i need. i look at them as steps in a stairway. if we want to go up, we need to step on the first one, then on the next one and so on. until a step fails, then i start moving down.
I am also not interested in sizes and we don't have the access any way.

So we are both just breakout traders.

Ain't we hornet?
.
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  • #223
  • Apr 7, 2010 8:56am Apr 7, 2010 8:56am
Quoting nasir.khan

He would observe this window i posted above all of the day. After picking a stock he would start Buying that very stock silently. Ok when he is done he would start calling other People/Friends/Brokers tipping them to buy the stock that he is already done buying. Obviously he now had bought pretty much on the bottom prices and when his tiped ones would start to act there will be a spike.
.
and that happens day in, day out on every single market. all day long. trigger those levels....

The quality of your life is brought about by the quality of your thinking.
  • #224
  • Apr 7, 2010 8:59am Apr 7, 2010 8:59am
Quoting nasir.khan
I am also not interested in sizes and we don't have the access any way.

So we are both just breakout traders.

Ain't we hornet?
.
i don't trade BO. this is the entry I would see
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The quality of your life is brought about by the quality of your thinking.
  • #225
  • Apr 7, 2010 9:00am Apr 7, 2010 9:00am
Quoting nasir.khan
I am also not interested in sizes and we don't have the access any way.

So we are both just breakout traders.

Ain't we hornet?
.
Hi Nasir!!

Happy to see you here...I was following your posts in other threads...
Market is like a puzzle, YOU have to fit the pieces!!
  • #226
  • Apr 7, 2010 9:02am Apr 7, 2010 9:02am
Quoting pipmutt
Sure, there are probably orders above/below highs/lows as it's an obvious place for stops, but how do we know there aren't orders actually at the peaks and troughs themselves, we're not going to find out until after the event.
Exactly..Unless you are Mr. Broker/Dealer who is trusted with these orders, it's an anecdotal thing. Unless someone comes forward with evidence to the contrary.
  • #227
  • Apr 7, 2010 9:04am Apr 7, 2010 9:04am
Quoting pipmutt
Interesting, do you have a reference for that please?
Here http://en.wikipedia.org/wiki/Foreign_exchange_market.

"Market size and liquidity..................................

........................................................................

FX futures volume has grown rapidly in recent years, and accounts for about 7% of the total foreign exchange market volume, according to The Wall Street Journal Europe (5/5/06, p. 20).
................................................................"

Lubo.
If I know how, I tell You!! Few but Good!!
  • #228
  • Apr 7, 2010 9:12am Apr 7, 2010 9:12am
Quoting hornet
i don't trade BO. this is the entry I would see
If you mean retraces yep I also trade retraces. They are the ones that make you rich.
  • #229
  • Apr 7, 2010 9:13am Apr 7, 2010 9:13am
Quoting hornet

If I were to give it a name it would be Price Analysis but don't know if it makes sense. But "basic stuff" sounds more like it......very basic stuff indeed
Hey I'm a great believer in basic, KISS is my middle name!

Price Analysis, yes that's a good description, I'm taking it you use Fibonacci as well?
  • #230
  • Apr 7, 2010 9:15am Apr 7, 2010 9:15am
Quoting nasir.khan
If you mean retraces yep I also trade retraces. They are the ones that make you rich.
yes, and if possible i prefer to be out before the breakout. but it doen't always work out that way.
The quality of your life is brought about by the quality of your thinking.
  • #231
  • Apr 7, 2010 9:16am Apr 7, 2010 9:16am
Quoting pipmutt
Hey I'm a great believer in basic, KISS is my middle name!

Price Analysis, yes that's a good description, I'm taking it you use Fibonacci as well?
nope.
nothing but what you see on my charts.
The quality of your life is brought about by the quality of your thinking.
  • #232
  • Apr 7, 2010 9:19am Apr 7, 2010 9:19am
Quoting Scotty B
Exactly..Unless you are Mr. Broker/Dealer who is trusted with these orders, it's an anecdotal thing. Unless someone comes forward with evidence to the contrary.
Sharing privileged information and front running, gasp, surely not! Actually I don't think it's illegal in forex is it?

That's what I need, a guy on the inside!
  • #233
  • Apr 7, 2010 9:20am Apr 7, 2010 9:20am
Quoting LuboLabo
Here http://en.wikipedia.org/wiki/Foreign_exchange_market.

"Market size and liquidity..................................

........................................................................

FX futures volume has grown rapidly in recent years, and accounts for about 7% of the total foreign exchange market volume, according to The Wall Street Journal Europe (5/5/06, p. 20).
................................................................"

Lubo.
It's grown much larger since..I've heard close to 20% now. Futures data is all you need. The only trouble is that a quality feed is very expensive. Some quant funds pay thousands per month for data alone. Because the interbank spot is so convoluted, everybody looks at futures. Also, futures is a real traded market. Price will not move without old fashioned trading. It's real flow/real volume. Often futures lead spot. I watch my futures data and continue to trade w/ Oanda, but I'm working on switching over to all futures. There are many advantages for making the jump.

Market Delta is just a tool BTW, built for MP traders. True OF has nothing to do with VSA, MP, whatever. True OFA is about watching for aberrations in the flow. It's invisible on a plain price chart because it's all about streaming volume. Price is just a product of OF, when you're looking at a chart you're already too far ahead of OF.

It's true in a sense to say that when you put on a trade using TA that you're trading OF, but it's not quite true because you're not actually basing your trade decision on volume disruptions. I don't think I could be more clear around here without just giving it away.
  • #234
  • Apr 7, 2010 9:21am Apr 7, 2010 9:21am
Quoting LuboLabo

FX futures volume has grown rapidly in recent years, and accounts for about 7% of the total foreign exchange market volume, according to The Wall Street Journal Europe
Thanks for that Lubo, it's renewed my interest!
  • #235
  • Apr 7, 2010 9:23am Apr 7, 2010 9:23am
Quoting pipmutt
Sharing privileged information and front running, gasp, surely not! Actually I don't think it's illegal in forex is it?

That's what I need, a guy on the inside!
No, even that's too far. It's actually coat tailing.
  • #236
  • Apr 7, 2010 9:24am Apr 7, 2010 9:24am
Quoting Scotty B

volume disruptions
Imbalances and disparities?
  • #237
  • Apr 7, 2010 9:25am Apr 7, 2010 9:25am
Quoting Chris_B
Hi Nasir!!

Happy to see you here...I was following your posts in other threads...

.
  • #238
  • Apr 7, 2010 9:26am Apr 7, 2010 9:26am
Quoting Scotty B
No, even that's too far. It's actually coat tailing.
Fine with me, I'm happy swimming in someone else's wake, makes the going easier, just tag along for the ride!
  • #239
  • Apr 7, 2010 9:31am Apr 7, 2010 9:31am
Quoting pipmutt
And every trader's dilemma is where will a trend end, so he can exit and/or get in the reversal early. How do you know when those stairs run out?
Once a step gives way, you know you are having trouble. Not saying it will turn but maybe you should sit up, take notice and WAIT to see what the market does. No need to anticipate, no need to pick tops or bottoms, no need to know anything in advance.

Just watch and follow the market
The quality of your life is brought about by the quality of your thinking.
  • #240
  • Apr 7, 2010 9:33am Apr 7, 2010 9:33am
Quoting Scotty B
It's grown much larger since..I've heard close to 20% now. Futures data is all you need. The only trouble is that a quality feed is very expensive. Some quant funds pay thousands per month for data alone. Because the interbank spot is so convoluted, everybody looks at futures. Also, futures is a real traded market. Price will not move without old fashioned trading. It's real flow/real volume. Often futures lead spot. I watch my futures data and continue to trade w/ Oanda, but I'm working on switching over to all futures. There are many advantages...

Some months ago I opened a thread about order flow with futures data using Market Delta http://www.forexfactory.com/showthread.php?t=200074, not much followed, but sincerily Market Delta + data is enogh expansive and I can make what I need with Ninjatrader + Mirus Futures for free....

Lubo.
If I know how, I tell You!! Few but Good!!
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