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Domino's Price and order flow trading

  • #721
  • Apr 14, 2010 2:33am Apr 14, 2010 2:33am
Quoting domino
RZ10G waiting for break low eu or well a high volume directional move..
domino, i still don't understand your terminology when you say things like RZ10G....sorry
The quality of your life is brought about by the quality of your thinking.
  • #722
  • Apr 14, 2010 2:44am Apr 14, 2010 2:44am
Quoting pipmutt
No, it's great, I meant to quote your Celine Dion remark
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?
my initial stop doesnt stay there long usually.. I expect rapid price movent or I exit generally.. I dont wait for it to giggle around and develop usually.. unless its a longer term trade.. either price breaks and runs or it doesnt .. so need to keep stop to low im trading the volatility and the snap on high volume.. so it shouldnt really pull back and be questionable.
  • #723
  • Apr 14, 2010 2:46am Apr 14, 2010 2:46am
Quoting FXSurfer

http://www.youtube.com/watch?v=DHyJTpDFgc8
Oh god make it stop...
  • #724
  • Apr 14, 2010 3:02am Apr 14, 2010 3:02am
Quoting domino
Oh god make it stop...
yep, the pipe player definitely steals the show on that vid.
  • #725
  • Apr 14, 2010 3:08am Apr 14, 2010 3:08am
Quoting hornet
domino, i still don't understand your terminology when you say things like RZ10G....sorry
it has to do with labeling the resistance zone.. its a resistance zone 10 rejections with 7-8 order clusters around from the low to resistance.
  • #726
  • Apr 14, 2010 3:08am Apr 14, 2010 3:08am
Quoting domino
sorry been getting hate PM's irritating me.
NAME AND SHAME THEM...
  • #727
  • Apr 14, 2010 3:12am Apr 14, 2010 3:12am
Quoting Porkpie
NAME AND SHAME THEM...
nah i just deleted them im not gonna dwell on it or make a big deal about it
  • #728
  • Apr 14, 2010 3:15am Apr 14, 2010 3:15am
Quoting domino
it has to do with labeling the resistance zone.. its a resistance zone 10 rejections with 7-8 order clusters around from the low to resistance.
So the G that comes afterwards indicates the cluster below, which could accelerate the move down if it turns.

example: SZ5C is support zone with 5 rejections and 3 clusters above it, correct ?

for this RZ10 what are the rejections you talk about, could you mark them up please. I am too much of a visual person.

thanks
The quality of your life is brought about by the quality of your thinking.
  • #729
  • Apr 14, 2010 3:18am Apr 14, 2010 3:18am
hornet, what indicator do you use to put those small S/R lines at significant highs and lows?
  • #730
  • Apr 14, 2010 3:22am Apr 14, 2010 3:22am
Quoting domino
my initial stop doesnt stay there long usually.. I expect rapid price movent or I exit generally.. I dont wait for it to giggle around and develop usually.. unless its a longer term trade.. either price breaks and runs or it doesnt .. so need to keep stop to low im trading the volatility and the snap on high volume.. so it shouldnt really pull back and be questionable.
Ok, thanks, makes sense.
  • #731
  • Apr 14, 2010 3:23am Apr 14, 2010 3:23am
Quoting Sauron
hornet, what indicator do you use to put those small S/R lines at significant highs and lows?

it is something i am trying out. it helps visually but a bit different from what my eyes see.

it's called TSpivots (tradestation pivots), something like fractals but little different. you can adjust the number of bars you want on each side as to define a peak. 1 would mean you need a lower or equal high on each side.

attached.
Attached File(s)
File Type: mq4 TSPivots.mq4   5 KB | 346 downloads
The quality of your life is brought about by the quality of your thinking.
  • #732
  • Apr 14, 2010 3:25am Apr 14, 2010 3:25am
Quoting hornet
I think that now we can talk about taking shorts
On a break below 1.3615?
  • #733
  • Apr 14, 2010 3:28am Apr 14, 2010 3:28am
Quoting pipmutt
On a break below 1.3615?
since the break of 1.3645 the context is down for me. now need to wait for a trigger candle
The quality of your life is brought about by the quality of your thinking.
  • #734
  • Apr 14, 2010 3:32am Apr 14, 2010 3:32am
Quoting hornet
since the break of 1.3645 the context is down for me. now need to wait for a trigger candle
Right, I see it, nice trade. I was looking at the last swing low as I missed that earlier trade. Are you still short or have you taken profit already?
  • #735
  • Apr 14, 2010 3:33am Apr 14, 2010 3:33am
Quoting hornet
since the break of 1.3645 the context is down for me. now need to wait for a trigger candle
I would have called it long since the break of 617 overnight.

I suppose the next couple of bars will be important to you to keep '4' below the break?
  • #736
  • Apr 14, 2010 3:34am Apr 14, 2010 3:34am
Quoting pipmutt
Right, I see it, nice trade. I was looking at the last swing low as I missed that earlier trade. Are you still short or have you taken profit already?
i am not short, would need to wait for trigger candle and i don't trade EU.

i am posting my view on EU because this thread revolves mainly around EU.
The quality of your life is brought about by the quality of your thinking.
  • #737
  • Apr 14, 2010 3:37am Apr 14, 2010 3:37am
Quoting AstonDan
I would have called it long since the break of 617 overnight.
And you would have made money.

That 617 res is now supp, as it stands now I'd look to trade a break of it short if there aren't any new swings.

What time frame are you guys looking at, 15m?
  • #738
  • Apr 14, 2010 3:42am Apr 14, 2010 3:42am
Quoting AstonDan
I would have called it long since the break of 617 overnight.

I suppose the next couple of bars will be important to you to keep '4' below the break?
i would have called it long since the break of 1.3588 yesterday at 17 UK time and now short but the retracement is coming too deep. there would be no trading now, too much sideways. would wait for a better setup, a clean one
Attached Image (click to enlarge)
Click to Enlarge Name: eu30.gif Size: 18 KB
The quality of your life is brought about by the quality of your thinking.
  • #739
  • Apr 14, 2010 3:43am Apr 14, 2010 3:43am
Quoting pipmutt
And you would have made money.
Ha! I'm not arguing with Hornet's analysis, just how i would typically read the situation and trying to learn a bit.
  • #740
  • Apr 14, 2010 3:45am Apr 14, 2010 3:45am
Quoting AstonDan
Ha! I'm not arguing with Hornet's analysis, just how i would typically read the situation and trying to learn a bit.
different views could both make money, and do not necessarily need to argue.

The quality of your life is brought about by the quality of your thinking.
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