Domino's Price and order flow trading | Page 21 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Price-Structure-Order flow 449 replies

Supply demand trading and order flow 46 replies

How to flow with the order flow? 26 replies

Trading Strategies Using Price Action & Order Flow 187 replies

Order Flow Trading with ICCE Channels 3 replies

Attachments: Domino's Price and order flow trading
Exit Attachments

Domino's Price and order flow trading

  • #401
  • Apr 8, 2010 7:05pm Apr 8, 2010 7:05pm
not as good OF

gapped OF...
Attached Image (click to enlarge)
Click to Enlarge Name: gappedof.JPG Size: 20 KB
  • #402
  • Apr 8, 2010 7:07pm Apr 8, 2010 7:07pm
Quoting Ted1983
Does the 5E designation pertain to these touches?

(The Euro popped up, I'm long on that at BE+1.)
on daily. for AU look at the line on the daily chart above not the dashed.
  • #403
  • Apr 8, 2010 7:15pm Apr 8, 2010 7:15pm
orderflow on the EJ is a J short for building short side on the 15M which means if we are trading longer term we are building for a retrace in here..
  • #404
  • Apr 8, 2010 7:31pm Apr 8, 2010 7:31pm
how to identify these areas? and how to note them for trading..

attached is chart of EJ right now on 15M building short orderflow.

breakout yellow occurs stops go to low.. breakout occurs at yellow.. stops go to low.. breakout occurs at yellow.. stops go to low..

you can identify 8 areas where orderclusters maybe..inbetween the break and the high inexperienced traders jump into the market.. and place stops to low.and dont build into the trade.. Probabilistic traders place one entrance at an occurance between low and now based on the thought of probability of hitting a target stops are placed at the swing low of the evaluated time. so middle to upper clusters will be larger.. those looking to continue trend will pile clusters higher.. so speed bars come from the top triggering the flow down.. as the selling slows in clusters some support will be found and natural retraces will happen this will give the order flow time to build new short orderflow to help price through areas where the clusters are not so thick.
Attached Image (click to enlarge)
Click to Enlarge Name: pa1.JPG Size: 77 KB
  • #405
  • Apr 8, 2010 7:50pm Apr 8, 2010 7:50pm
Yes the EJ seems to be rejecting the 125 level.

The Yen seems to be showing weakness across the board though?
UJ just popped above 93.50.
  • #406
  • Apr 8, 2010 7:51pm Apr 8, 2010 7:51pm
Quoting Ted1983
Yes the EJ seems to be rejecting the 125 level.
with lots of potential sellside OF under it
  • #407
  • Apr 8, 2010 8:18pm Apr 8, 2010 8:18pm
Quoting domino
with lots of potential sellside OF under it

Of course.

Is there a particular reason you use the closes (candle bodies) as the break out area? I would have thought most traders would be placing ordes just beyond the highs or lows.

edit: looks like the EJ setup might be triggering.
  • #408
  • Apr 8, 2010 8:28pm Apr 8, 2010 8:28pm
What do you think to this? Reckon it's to range bound in the higher time framse?
Attached Image (click to enlarge)
Click to Enlarge Name: euraud.jpg Size: 45 KB
  • #409
  • Apr 8, 2010 11:18pm Apr 8, 2010 11:18pm
how much does the bloomberg feed cost?

how is your hit rate these days?
  • #410
  • Apr 8, 2010 11:32pm Apr 8, 2010 11:32pm
Quoting rogerdoger
how much does the bloomberg feed cost?

how is your hit rate these days?
well I have 7.. total bill is about 12.4k a month

hit rate is not important its not about grinding odds.. its about controlling risk building into good trades and not making stupid decisions.. spread risk.. diversify.. and play good moves. But its changing here soon I think plus there is some new terminal thats suppose to be as good coming out soon so well see.
  • #411
  • Apr 8, 2010 11:51pm Apr 8, 2010 11:51pm
Quoting domino

hit rate is not important its not about grinding odds.. its about controlling risk building into good trades and not making stupid decisions.. spread risk.. diversify.. and play good moves.
There you go, the true essence of trading all there in one paragraph!

If more traders understood the significance of that statement there would be far fewer failures. Un/fortunately (depending on your view!) they won't and the vast majority will carry on failing....or at best tread water or produce mediocre returns.

-
  • #412
  • Apr 8, 2010 11:52pm Apr 8, 2010 11:52pm
Quoting domino
well I have 7.. total bill is about 12.4k a month

hit rate is not important its not about grinding odds.. its about controlling risk building into good trades and not making stupid decisions.. spread risk.. diversify.. and play good moves. But its changing here soon I think plus there is some new terminal thats suppose to be as good coming out soon so well see.
when are we going to see how the order book is being used im curious

interactive brokers offers the feed for free?
  • #413
  • Apr 9, 2010 12:01am Apr 9, 2010 12:01am
Quoting domino
total bill is about 12.4k a month

Why are you using Oanda? If you can afford 12 grand/month just for data you can surely afford to trade interbank lots. Oanda is a bucket shop that pads interbank prices to make a spread, why not just plug into the interbank yourself to gain better pricing? At least a large ECN?

I've spoken with Bloomberg personally and I know a guy here in Nebraska at Con Agra (huge food manufac) who uses Bloomberg and his costs and the cost I was quoted are about one tenth of what you're quoting. What kind of Bloomberg product are you using?
  • #414
  • Apr 9, 2010 12:10am Apr 9, 2010 12:10am
Quoting Scotty B
Why are you using Oanda? If you can afford 12 grand/month just for data you can surely afford to trade interbank lots. Oanda is a bucket shop that pads interbank prices to make a spread, why not just plug into the interbank yourself to gain better pricing? At least a large ECN?
Hi Scotty

I can't speak for Domino's motives but bucketshops do have their uses. It's not always a case of afford, it's more a matter of execution, especially across illiquid markets, bucketshops like Oanda fill pretty much anything up to 10mio a ticket regardless of the underlying market and that's worth paying a premium for sometimes. Why do you think shops like Oanda have some high 7-figure clients on their books?

Just speaking from my own perspective, Domino may have different motives of course.
  • #415
  • Apr 9, 2010 12:36am Apr 9, 2010 12:36am
Quoting pipmutt
Hi Scotty

I can't speak for Domino's motives but bucketshops do have their uses. It's not always a case of afford, it's more a matter of execution, especially across illiquid markets, bucketshops like Oanda fill pretty much anything up to 10mio a ticket regardless of the underlying market and that's worth paying a premium for sometimes. Why do you think shops like Oanda have some high 7-figure clients on their books?

Just speaking from my own perspective, Domino may have different motives of course.
I have a hard time believing that Oanda would keep themselves open to that kind of abuse. If they had traders demanding massive amounts of liquidity at the worst times on a consistent basis, I don't think they'd stay around. Oanda is large from a retail standpoint but they're not that big. Their Feb net capital was only $166M.
.
Attached File(s)
File Type: pdf fcmdata0210.pdf   43 KB | 374 downloads
  • #416
  • Apr 9, 2010 12:43am Apr 9, 2010 12:43am
Quoting Scotty B
I have a hard time believing that Oanda would keep themselves open to that kind of abuse. If they had traders demanding massive amounts of liquidity at the worst times on a consistent basis, I don't think they'd stay around. Oanda is large from a retail standpoint but they're not that big. Their Feb net capital was only $166M.
.
If you're having a hard time believing it then may I suggest you try it out, then you'll be able to form an accurate opinion based on practical experience.

Things have changed slightly since NFA price adjustment rules were introduced but generally the fills are still there.

As for demanding liquidity, the other side of the coin is providing liquidity, it's a 2-way street isn't it?


Anyway, totally off-topic and we'll probably get slapped wrists!
  • #417
  • Apr 9, 2010 1:17am Apr 9, 2010 1:17am
Quoting pipmutt
If you're having a hard time believing it then may I suggest you try it out, then you'll be able to form an accurate opinion based on practical experience.

Things have changed slightly since NFA price adjustment rules were introduced but generally the fills are still there.

As for demanding liquidity, the other side of the coin is providing liquidity, it's a 2-way street isn't it?


Anyway, totally off-topic and we'll probably get slapped wrists!
The problem comes in though when Oanda is quoting inferior prices that they cannot hedge. It doesn't make much sense for them to provide that liquidity. Maybe that's why they freeze up every now and then along with fattening the spread in volatile conditions. My point is that Oanda isn't stupid, thats all. They won't just sit there and lose money if they can help it.
  • #418
  • Apr 9, 2010 1:33am Apr 9, 2010 1:33am
Quoting Scotty B
My point is that Oanda isn't stupid, thats all. They won't just sit there and lose money if they can help it.
Definitely not, they're not in the risk business

Their safety net (the option of reversing trades later) might have diminished so I suppose they've compensated for it in other ways, we don't know what arrangement they have with their liquidity providers or what algos they run to manage exposure, or even what markets they hedge their risk in, we can only speculate and hope they remain solvent!
  • #419
  • Apr 9, 2010 2:02am Apr 9, 2010 2:02am
The currency future data are accurate.

The delta bars show the net sum from bid/ask contracts.

But you have to know what is going on behind the scene and how big the demand was to overcame supply.

It is that point where the big money steps in and absorb all selling to push the price.

The only way to "see" it is with market depth + contract flow reading.
  • #420
  • Edited 2:37am Apr 9, 2010 2:26am | Edited 2:37am
Quoting Scotty B
I've spoken with Bloomberg personally and I know a guy here in Nebraska at Con Agra (huge food manufac) who uses Bloomberg and his costs and the cost I was quoted are about one tenth of what you're quoting. What kind of Bloomberg product are you using?
Scotty is at it again....It all depends on what live feeds you have. For each of our terminals we are getting charged around 20k a year but we trade bonds (domestic, sovranationals and corporate) and also have live feeds on related futures. Not all terminals are the same since the guy across the room from me, who trades equities, is not interested in our feeds but has his own necessities. You cannot say that you know a guy or have talked to someone or whatever and that the cost is a quarter of what domino said. It depends on the feeds domino needs, depends on his needs. So stop trying so hard to show you know it all. Also, just as an advice, try to be a bit more humble sometimes....it might be of help in your personal growth. Which obviously comes before you can grow as a trader.
The quality of your life is brought about by the quality of your thinking.
1 trader viewing now