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Domino's Price and order flow trading

  • #841
  • Apr 22, 2010 12:58am Apr 22, 2010 12:58am
Quoting LuboLabo
I think GU news are the most important for london session, and can carry EU price too.

Lubo.
Absolutely agree...and it's on the way.
  • #842
  • Apr 22, 2010 7:47am Apr 22, 2010 7:47am
Quoting domino
youll be able to draw trendlines... trust me
You can draw a line, but it isn't representatve of a trend.
Surely you can see that no amount of pyraminding or money management will turn a profit on random data.
  • #843
  • Apr 22, 2010 7:55am Apr 22, 2010 7:55am
Quoting Ted1983
You can draw a line, but it isn't representatve of a trend.
Surely you can see that no amount of pyraminding or money management will turn a profit on random data.
There's an interesting discussion about that here
  • #844
  • Edited 1:12pm Apr 22, 2010 1:00pm | Edited 1:12pm
Quoting Ted1983
You can draw a line, but it isn't representatve of a trend.
Surely you can see that no amount of pyraminding or money management will turn a profit on random data.
sure it will.. the reason why you would be able to do so .. is the reason trading works.. you may have a normally distributed curve of distance price moves-random data.. but the objective of trading is to shift a normally distributed price curve into profit using ideas for risk control and taking profit.. which is often why when people ask pros what the most important part or trading is .. they say the exit..
anyways im not arguing that markets are random cause they are not.. but im saying that you can infact profit from randomness.. and a good strategy that can make money on randomness is increased by having an edge..
  • #845
  • Apr 22, 2010 1:48pm Apr 22, 2010 1:48pm
I didn't think you were saying the market was actually random. However I don't see how its possible to skew a radom distribution with money management techniques. Where you place a bet has no effect on the distribution. It's the fact that markets are skewed that allows the money management techniques to prevail.
  • #846
  • Apr 22, 2010 1:50pm Apr 22, 2010 1:50pm
Its been a pretty big day for the euro today breaking out on long term frames short on almost all the euro pairs.
  • #847
  • Apr 22, 2010 4:31pm Apr 22, 2010 4:31pm
Quoting domino
Its been a pretty big day for the euro today breaking out on long term frames short on almost all the euro pairs.
pic of positions

watching for continuance on e/u and e/a others are taken
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  • #848
  • Apr 23, 2010 5:52am Apr 23, 2010 5:52am
OMG what an epic morning already...hahahaha

gov statement pulling out of AIG caught premarket..
Greece news and Imf bailout 10-14 days horrid cad news..
so many breakouts
  • #849
  • Apr 23, 2010 10:17am Apr 23, 2010 10:17am
Quoting domino
OMG what an epic morning already...hahahaha

gov statement pulling out of AIG caught premarket..
Greece news and Imf bailout 10-14 days horrid cad news..
so many breakouts
Long or short ? I have been long both on GU and EU for quite sometime now.
  • #850
  • Apr 23, 2010 11:21am Apr 23, 2010 11:21am
Quoting FXSurfer
News is around the corner. So far though Sellers aren't dealing with this pivotal price as well they have during Asia. Maybe waiting for news to drop the hammer.
...and after all of that right back where it "started" to close out the week.

Does the market trend or regress? Answer: Yes.

Have a great weekend all!
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  • #851
  • Apr 23, 2010 5:36pm Apr 23, 2010 5:36pm
Quoting vicky_ag
Long or short ? I have been long both on GU and EU for quite sometime now.
oh I bought some AIG .. bought some euro.. oil buncha others.. I was in about 35 or so trades this morning
broke even alot on the euro but managed to take some profits.
  • #852
  • Apr 23, 2010 5:45pm Apr 23, 2010 5:45pm
Quoting domino
I was in about 35 or so trades this morning....
How do you scan so many markets?
  • #853
  • Apr 24, 2010 11:27am Apr 24, 2010 11:27am
Quoting Ted1983
How do you scan so many markets?
the API on the bloom will scan for patterns in multiple markets.. I also see news flow continuously and pending highs lows for week day etc i use stocks in play.. everything else individual.
  • #854
  • Apr 24, 2010 11:28am Apr 24, 2010 11:28am
looks like Ill be a euro bull this week
  • #855
  • Apr 24, 2010 11:37am Apr 24, 2010 11:37am
Quoting domino
looks like Ill be a euro bull this week
Is that due to fundamental or technical reasons?
  • #856
  • Edited 3:09pm Apr 24, 2010 2:44pm | Edited 3:09pm
Quoting eurotrash
Is that due to fundamental or technical reasons?
technical.. but I will be waiting for a big bull show before I start coming in. Its an Inside accumulation/capitulation swing point here

edit: figured I better explain this.. I noticed about 2 years ago that breakout low inside a higher timeframes uptrend from the high swing point 95%of the time or more at least retraced by 50% before it extends more than 300% down from the break.. its a psychological zone where impulsing buying starts and can be related to long term accumulation trades and short term capitulation trades.
  • #857
  • Apr 24, 2010 3:12pm Apr 24, 2010 3:12pm
handdrawn example
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  • #858
  • Apr 24, 2010 3:18pm Apr 24, 2010 3:18pm
price action waves..
youll notice some people use bars others use waves..
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  • #859
  • Apr 26, 2010 11:19am Apr 26, 2010 11:19am
rounding out bottoms on a RZ.. looks like a good short may be in play later..
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  • #860
  • Apr 26, 2010 2:49pm Apr 26, 2010 2:49pm
Quoting domino
price action waves..
youll notice some people use bars others use waves..
Just wondering if you got these waves from a book (if so what book?) or if you just discovered it after watching price for so long. Thanks!
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