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Domino's Price and order flow trading

  • #701
  • Apr 13, 2010 4:59pm Apr 13, 2010 4:59pm
Quoting domino
This is gonna be one hell of a spot IMHO.. your on the bull side of this line I wouldnt short yet.. but if u did.. 9985 is a good point.. with a 100 point stop.. would be a longer trade until then id trade the long side of the triangle with tight stops.

I think its best to take the longer term trade on this or stay to the side honestly.

if this breaks im gonna be pissed tho.. cause that means more canadians will probably be visiting and using the exchange rates to go on vacations and view america..
I'm just trying to get a feel of how you order flow traders think.

Looking at the same chart, would you consider this to be one of the setups you've been talking about. Price came staggering down with stops placed behind the swing highs marked in purple. Price hit obvious barrier and reversed, triggering the stops previously mentioned.

Oh ya regarding the Canadians coming into the States if it drops, how would that be a bad things because that just means more money will be flowing from across the border.
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  • #702
  • Apr 13, 2010 5:08pm Apr 13, 2010 5:08pm
Quoting sir6
I'm just trying to get a feel of how you order flow traders think.

Looking at the same chart, would you consider this to be one of the setups you've been talking about. Price came staggering down with stops placed behind the swing highs marked in purple. Price hit obvious barrier and reversed, triggering the stops previously mentioned.
its already chewed up those areas though with that pull back off that zone.. the initial play was good but over. now its building buy orderflow sure but its spread out..and not compressed enough to make me wanna trade long.. its possible itll happen sure but not convincing enough for me to trade.
Quote
Oh ya regarding the Canadians coming into the States if it drops, how would that be a bad things because that just means more money will be flowing from across the border.

have you ever visted canada?
  • #703
  • Apr 13, 2010 5:26pm Apr 13, 2010 5:26pm
Quoting domino
its already chewed up those areas though with that pull back off that zone.. the initial play was good but over. now its building buy orderflow sure but its spread out..and not compressed enough to make me wanna trade long.. its possible itll happen sure but not convincing enough for me to trade.


have you ever visted canada?
So if I understand you correctly, you like to wait for a compression of price (consolidation?) at an area where there is a cluster of orders and just wait for a breakout? What would be your criteria for entry? Using the same example from the previous chart we can see that the first touch of 1.0 on apr 6 failed while the 2nd touch on apr 7 worked. Where would you have entered and why? Thanks!

Actually I'm canadian, so yes I've been to canada
  • #704
  • Apr 13, 2010 5:53pm Apr 13, 2010 5:53pm
Thanks for your reply, D.

(processing info...)

  • #705
  • Apr 13, 2010 6:29pm Apr 13, 2010 6:29pm
Quoting sir6
So if I understand you correctly, you like to wait for a compression of price (consolidation?) at an area where there is a cluster of orders and just wait for a breakout? What would be your criteria for entry? Using the same example from the previous chart we can see that the first touch of 1.0 on apr 6 failed while the 2nd touch on apr 7 worked. Where would you have entered and why? Thanks!

Actually I'm canadian, so yes I've been to canada
not ness a compression of price but a compression of possible orders.. if the waves are tightening against some sort of major support or resistance the intensity of the initial break will be extremely volatile and will create a large imbalance and should push lower through the orders and the rest of the world sees the break or are SAR'ing and watch price surge to break the tight compression of orders..

I in order.. look for large noticable SZ or RZ .. I then will look at the orderflow and how compressed it is and how its weighted top heavy compressed orderflow against a RZ is very good as well get a massive trigger.. while spread out compressed orderflow will create a longer trend.. a large gapped orderflow indicates that some will probably be resistance rather than stopping areas since to many of the stops have been chased up so itll generally be a medium volatile break price may move to a zone the lack of stops will stop the momentum and itll look like a pull back at a SZ rather than push through and look to trigger stops.. the more compressed the orders are the better. I then will watch the waves watching the Highs narrow as it reaches resistance and the lows rise up and Ill watch the low when the risk is very narrow and reasonable..

Ill place a go at the break and the stop at failure.. then as price continues to move and break ill resell or rebuy.. continuously as long as it continues to move off that initial break.. until a counter wave forms.. then im out..

Now a change in thinking .. the touch at 1.0 didnt fail because there was no setup to label as fail... no highs where broken from that zone.. which resulted in failure at stop.. see what I mean... so 1.0 on 1st touch wasnt fail cause nothing was there to fail.. now as it breaks the 1.0 the 2nd time there is strong orderflow built up in stops above the highs that are not triggered price breaks low but not comfirming short to stack orders above price then has no more selling pressure and rises to discover the large levels above.. then price rockets. at the stop out.. looking at the gap its a retrace as well that has eaten order points further up so weve absorbed enough of the buyside orderflow as we fill that gap.. and are stopped out on the new wave Lower low..

so i would have bought at 1.0020 to answer your question rebought at 1.0030 and 1.0065 and moved stop to 1.00718 where i would have been taken out

and as for canada can you guys please come and take back boitano and celine deon..
  • #706
  • Apr 13, 2010 6:58pm Apr 13, 2010 6:58pm
watching the EU here will probably get a snap..

SZ10D underneath may low risk entrance long
and RZ5F above..

short would possibly be larger move.

I would possibly straddle the zone with larger sizing to short
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  • #707
  • Apr 13, 2010 7:18pm Apr 13, 2010 7:18pm
in here
chart

cancled short straddle and moved stop to 14

added adjusted stop pic
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  • #708
  • Apr 13, 2010 7:32pm Apr 13, 2010 7:32pm
Here, an article about real order-flow trading and big boys.

http://www.zerohedge.com/article/exc...t-manipulation
  • #709
  • Apr 14, 2010 12:06am Apr 14, 2010 12:06am
stop in profit out on failed rebreak
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  • #710
  • Apr 14, 2010 12:16am Apr 14, 2010 12:16am
LOL
  • #711
  • Apr 14, 2010 12:16am Apr 14, 2010 12:16am
RZ10G waiting for break low eu or well a high volume directional move..
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  • #712
  • Apr 14, 2010 12:42am Apr 14, 2010 12:42am
Quoting pipmutt
LOL
what not good enough?
  • #713
  • Edited 1:01am Apr 14, 2010 12:45am | Edited 1:01am
Quoting domino
what not good enough?
No, it's great, I meant to quote your Celine Dion remark

Quoting domino
and as for canada can you guys please come and take back boitano and celine deon..

Trading that breakout was a nice trade. You put your initial stop very close to the low, wouldn't it have been better a few pips lower?

Anyway what's up, get out of bed the wrong side or something?


-
  • #714
  • Apr 14, 2010 12:46am Apr 14, 2010 12:46am
Quoting domino
what not good enough?
No, I'm pretty sure he's laughing at the zerohedge article posted by Adal. Very funny in the context of this thread.
edit: oops - posted too late!
  • #715
  • Apr 14, 2010 12:52am Apr 14, 2010 12:52am
Quoting opie999
No, I'm pretty sure he's laughing at the zerohedge article posted by Adal. Very funny in the context of this thread.
edit: oops - posted too late!
No I haven't read it yet, but I'll make sure I do now you've said that!
  • #716
  • Apr 14, 2010 1:04am Apr 14, 2010 1:04am
Quoting pipmutt
Trading that breakout was a nice trade. You put your initial stop very close to the low, wouldn't it have been better a few pips lower?

Anyway what's up, get out of bed the wrong side or something?

sorry been getting hate PM's irritating me.
  • #717
  • Apr 14, 2010 1:08am Apr 14, 2010 1:08am
Quoting domino
sorry been getting hate PM's irritating me.
They're the best, they show that people care

Why do they hate you, divulging too much, or is it that you're making money?
  • #718
  • Edited 2:20am Apr 14, 2010 1:51am | Edited 2:20am
Quoting pipmutt
Why do they hate you, divulging too much,
Yeah, if you guide people toward real profitability - the brakes on your car will mysteriously go out.

Seriously, just put them on ignore. I think that must keep them from being able to PM you.

Quoting sir6
lol musta been the Celine Dion comment you made, people take her very seriously around here
Edit: If it is your Ceiline comment then, just promise to watch this 10X for your penance. LOL!

http://www.youtube.com/watch?v=DHyJTpDFgc8
  • #719
  • Apr 14, 2010 1:54am Apr 14, 2010 1:54am
Quoting domino
sorry been getting hate PM's irritating me.
lol musta been the Celine Dion comment you made, people take her very seriously around here

The EU setup is different then the staggered stairs setup you were talking about earlier. Is it because you saw price consolidate in a range and that you figured out there were orders above and below the range and thus waited for a strong break out to occur? I mean we can guess and think about where the orders are but how do we really know? I read earlier in this thread that you use some sort of orderbook. Could you go into that a little more?

PS. I for one am grateful that you're spending time to shed some light on this topic. Don't be discouraged by the hate mail.

PPS. No we don't want Celine back, Canada is doing great without her
  • #720
  • Apr 14, 2010 2:27am Apr 14, 2010 2:27am
I think that now we can talk about taking shorts
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