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Domino's Price and order flow trading

  • #341
  • Apr 7, 2010 10:49pm Apr 7, 2010 10:49pm
shorts in here seem risky
  • #342
  • Apr 7, 2010 11:21pm Apr 7, 2010 11:21pm
Order flow coming into london seems remarkably bullish

No real strong support I see some minor support and a modest orderflow above it..
  • #343
  • Apr 7, 2010 11:39pm Apr 7, 2010 11:39pm
minor SZ6D resistance..
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  • #344
  • Apr 8, 2010 12:04am Apr 8, 2010 12:04am
london
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  • #345
  • Apr 8, 2010 12:19am Apr 8, 2010 12:19am
processing large orders new resistance... bullish behavior
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  • #346
  • Apr 8, 2010 12:29am Apr 8, 2010 12:29am
Quoting musketeer
futures (including options) mirrors forex... no two opinions of that (unfortunately)

If that's true then looking at futures DOM is going to be as useless as looking at FXCM's (or any other retail shop's) DOM!

I guess there's no harm in speculating where orders might be, I suppose it can be quite entertaining when the market is quiet, but so far I haven't seen anything in any of these order flow threads which supports the theory that this approach is any more reliable or predictive than anything else, and in some cases significantly less so because of the lack of any (relaible) data prerequisite to actually trading an order flow strategy.

Anyway I'll probably leave you guys to it.....have fun!

-
  • #347
  • Apr 8, 2010 12:38am Apr 8, 2010 12:38am
Quoting pipmutt
If that's true then looking at futures DOM is going to be as useless as looking at FXCM's (or any other retail shop's) DOM!

I guess there's no harm in speculating where orders might be, I suppose it can be quite entertaining when the market is quiet, but so far I haven't seen anything in any of these order flow threads which supports the theory that this approach is any more reliable or predictive than anything else, and in some cases significantly less so because of the lack of any (relaible) data prerequisite to actually trading...
actually I can tell you right now that bucketshopXCM's DOM is nowhere near what my other terminal says seems like the processing is sporatic .. delayed about 3 sec .. and volume is stating lower amounts
  • #348
  • Apr 8, 2010 12:41am Apr 8, 2010 12:41am
Quoting domino
....my other terminal...
Bloomberg? Reuters?
  • #349
  • Apr 8, 2010 12:42am Apr 8, 2010 12:42am
Quoting pipmutt
Bloomberg? Reuters?
bloom
  • #350
  • Apr 8, 2010 12:43am Apr 8, 2010 12:43am
if this breaks south I wont be taking it..
  • #351
  • Apr 8, 2010 2:05am Apr 8, 2010 2:05am
This FXCM orderbook is useless.

You only see the sizes on the bid/ask levels ( this FXCM gimmick doesn't reflect the real interbank depth) but not how many lots were executed at each price.And that is the more important factor.

Orderflow-reading is something else and has nothing to do what you're doing here.
  • #352
  • Edited 2:23am Apr 8, 2010 2:13am | Edited 2:23am
Quoting Mr-Forex
This FXCM orderbook is useless.

You only see the sizes on the bid/ask levels ( this FXCM gimmick doesn't reflect the real interbank depth) but not how many lots were executed at each price.And that is the more important factor.

Orderflow-reading is something else and has nothing to do what you're doing here.
pretty much posted that an hour ago

well ok if its not what we are doing then how do you do it.. with a name like follow the big money flow in your name you should know right?
  • #353
  • Apr 8, 2010 2:34am Apr 8, 2010 2:34am
Quoting Ted1983
Whats unfortunate? Which is derivative? Does it matter?
unfortunately for sure...

why? do you really ask that?

because about futures and options trading there is ALL data - volume, level, who and when - freely available (only the why is missing)....
but only to derivatives....

is not that unfortunate?
  • #354
  • Apr 8, 2010 2:38am Apr 8, 2010 2:38am
Quoting domino
well ok if its not what we are doing then how do you do it.. with a name like follow the big money flow in your name you should know right?
May I be so bold as to pull this in from the other thread?

Quoting Mr-Forex
Orderflow: here you can directly observe the pricing levels and how many contracts were executed on the bid and ask. It's tape reading.

Only to introduce definitions into the conversation not to start trouble at all. I think that Mr. FX could probably make some really good on-topic contributions here (?). I really wish that I could - Someone please take away my ridiculous wisdom vouches!



Thanks so much for keeping the thread on track and rolling! I'm trying to soak up as much as my brain can hold. LOL!
  • #355
  • Apr 8, 2010 2:55am Apr 8, 2010 2:55am
Quoting FXSurfer
May I be so bold as to pull this in from the other thread?




Only to introduce definitions into the conversation not to start trouble at all. I think that Mr. FX could probably make some really good on-topic contributions here (?). I really wish that I could - Someone please take away my ridiculous wisdom vouches!



Thanks so much for keeping the thread on track and rolling! I'm trying to soak up as much as my brain can hold. LOL!
ok so order flow per his def. is directly observe the pricing levels and how many contracts were executed on the bid and ask. It's tape reading.

what does the market depth do.. well it shows processed orders at the bid and ask that are put together... so we are seeing pricing level and how many contracts as executed on the bid and ask.. we see surge bursts of surge buys on SZ or RZ and the breakout on high or low volume right.. not sure how this doesnt meet his definition.
  • #356
  • Apr 8, 2010 2:56am Apr 8, 2010 2:56am
Quoting Mr-Forex
This FXCM orderbook is useless.

You only see the sizes on the bid/ask levels ( this FXCM gimmick doesn't reflect the real interbank depth) but not how many lots were executed at each price.And that is the more important factor.

Orderflow-reading is something else and has nothing to do what you're doing here.
I'm agree, it seems that here no one know what order flow mean......

Lubo.

Edit: and how it can be traded.
If I know how, I tell You!! Few but Good!!
  • #357
  • Edited Dec 19, 2025 8:43am Apr 8, 2010 3:09am | Edited Dec 19, 2025 8:43am
Quoting Porkpie
This is looking more like Joe Ross Traders Trick method
yes, the entry trigger is the TTE from Ross.

You could say my trading is a mix between identifying supply and demand imbalances, and buy on retrace for low-risk-high-reward trades but i use the TTE for entries so to exploit the move even if price does not retrace to the supply/demand area. In which case other entries could be considered, like limit entry and stop the other side of the area. Or wait for a candlestick pattern or whatever. I found that the TTE is the entry I like best. I have built rules around my ideas and things I see. Rules for the context I want to see before considering a trade and rules for the trigger I want to use to enter into a trade.

What I do is basic stuff, and I understand that might not appeal to the majority of people nowadays.


Edit: attaching 2 Ross files freely available on the net, they might be useful to somebody
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The quality of your life is brought about by the quality of your thinking.
  • #358
  • Apr 8, 2010 3:17am Apr 8, 2010 3:17am
Quoting LuboLabo
I'm agree, it seems that here no one know what order flow mean......

Lubo.

Edit: and how it can be traded.

so what is it and how do we trade it lubo ..
  • #359
  • Apr 8, 2010 3:34am Apr 8, 2010 3:34am
Quoting domino
so what is it and how do we trade it lubo ..
The order flow is the are all the bid ask orders with volume(in term of traded lots) that are traded for a specific instrument.

There are many ways to look at order flow, but anyways it involves always bid ask traded lots, so u can use delta volume bars to see the difference from bid ask, total volume, volume at price (or volume profile)......etc....
The only way to do this is using an instrument that are traded through a regulated exchange, with an otc u can't see the true volume, so for the Forex market the only way is use the data from Futures contracts.

As soon I have time I will make some new exmples on my old thread.

Lubo.
If I know how, I tell You!! Few but Good!!
  • #360
  • Apr 8, 2010 3:45am Apr 8, 2010 3:45am
Seems that the best Level II book out there is that o Delta Stock...but they allow only 1 month demo..
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