Domino's Price and order flow trading | Page 45 | 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

  • #881
  • Apr 30, 2010 2:04am Apr 30, 2010 2:04am
Quoting domino
hey guys dealing with major computer problems ill have more time to answer later.
Isn't it about time you ditched that Commodore 64?
  • #882
  • May 1, 2010 11:21am May 1, 2010 11:21am
Quoting pipmutt
Isn't it about time you ditched that Commodore 64?
lol
  • #883
  • May 2, 2010 11:48pm May 2, 2010 11:48pm
Quoting pipmutt
Isn't it about time you ditched that Commodore 64?

ok .. fixed the commodore upgraded the processor from 1mhz to 2mhz so now instead of pages loading in 2 hours they load in one hour.
  • #884
  • May 3, 2010 12:09am May 3, 2010 12:09am
Quoting jdwbryan
Hello and thanks to Domino and everybody for all the great discussion...have been following Domino's posts from the other thread.

I'm curious where order flow is gathering right now on the hourly chart for EURJPY. I can't quite figure out how to read this...price seems unable to get higher, but no lower either...would the likely bias be to the short side? Or maybe this one of those times to stay away? Any thoughts welcome!

Thanks,

Jack
well there is two sides two the coin .. there is not just short orderflow or buy orderflow.. its a balance of both.. youll see that you at resistance here.. I dunno what level of resistance it is as I cant shift the chart.. but assuming its a strong resistance .. it is in a downtrend and the buying up to the resistance has taken more time with more short sided orderflow built up underneath this triangle.. if we brokeout long it would not be a long I would take but if it broke short it would be a short I would take as the short orderflow looks to be more built up underneath the triangle..
  • #885
  • May 3, 2010 12:38am May 3, 2010 12:38am
Quoting domino
ok .. fixed the commodore upgraded the processor from 1mhz to 2mhz so now instead of pages loading in 2 hours they load in one hour.


http://homepage.mac.com/dorlando/.Pi...omputer%28.jpg
  • #886
  • May 3, 2010 12:42am May 3, 2010 12:42am
Quoting FXSurfer


http://homepage.mac.com/dorlando/.Pi...omputer%28.jpg
what the heck is that Giant chrome wheel for...?
  • #887
  • May 3, 2010 12:45am May 3, 2010 12:45am
Quoting domino
what the heck is that Giant chrome wheel for...?
That's for steering around iceberg orders.
  • #888
  • May 4, 2010 7:16am May 4, 2010 7:16am
Quoting domino
what the heck is that Giant chrome wheel for...?
I really like the printer/keyboard combo set up. Real neat.
  • #889
  • May 4, 2010 7:18am May 4, 2010 7:18am
Quoting Porkpie
I really like the printer/keyboard combo set up. Real neat.
Plus the TV with huge speaker for Bloomberg.
  • #890
  • May 4, 2010 4:10pm May 4, 2010 4:10pm
Domino,

A lot of the trades you've shown here appear to be a breakout of the previous swing's high/low. You seem pretty good at knowing which ones will work and which to skip. Could you trade as you're doing (or as you did in this thread) without order book or market depth access? Would you be able to do the same trades relying on price alone, or do you rely on having that additional information? Maybe from looking at the book and price in conjunction so much you are now able to have a good estimate of what the market depth is like just from looking at price?

You also talked about a break on low volume - can you personally tell this from "price action" i.e. the way price is behaving, or would you have to actually be able to see the volume?

Thanks
  • #891
  • May 5, 2010 3:20pm May 5, 2010 3:20pm
Quoting grkfx
1.25 eh? Based on the euro being given junk status generating the order flow to get us there? I would be cautious for a number of reasons:

1. There is a truckload of bad news already factored into the Euro at the 1.3100 - 1.3250 levels. It will take a pretty significant series of events to pound the market down 600 pips to 1.2500. I am not saying it can't happen but if the bailout terms get hammered out ( which I admit seem to be elusive for the market) you could get some decent short covering above and beyond what we have seen.

2. The euro...
1.28
  • #892
  • May 5, 2010 3:21pm May 5, 2010 3:21pm
rofl
  • #893
  • May 5, 2010 3:29pm May 5, 2010 3:29pm
Quoting eurotrash
Domino,

A lot of the trades you've shown here appear to be a breakout of the previous swing's high/low. You seem pretty good at knowing which ones will work and which to skip. Could you trade as you're doing (or as you did in this thread) without order book or market depth access? Would you be able to do the same trades relying on price alone, or do you rely on having that additional information? Maybe from looking at the book and price in conjunction so much you are now able to have a good estimate of what the market depth is like just...
sure swing high lows are definitive way to trade.. yes I could since price does reflect the orderbook the orderbook only tells you how much is actually being traded. For traders who are new to this.. the orderbook is helpful cause they can actually see the orders as price moves.. after doing this for a while you dont really need it.. I can see price running on high or low volume by watching the bar.. on a high volume break youll see lots of movement in the actual bar and this means the area is more critical to more traders holding or breaking.. large bars running after a break generally is a break on high volume and are better to be held longer.. short bar breaks are usually low volume testing and swapping but not a strong market decision.. the times that the breakouts occur to matter because if london opens at 2:00 and price tries breaking out before 1:00 its breaking out prehigh volume moving into the market.. and high volume or london may reject the decision made before their open... This is when fake breaks are more likely to occur.. breakouts before session opens.. breakouts at session opens are more likely to run.

you can view this as well look at bar length at certain times and average them out.. youll see bars from session open to mid session are double the size of normal bars..
  • #894
  • May 5, 2010 3:40pm May 5, 2010 3:40pm
Quoting domino
sure swing high lows are definitive way to trade.. yes I could since price does reflect the orderbook the orderbook only tells you how much is actually being traded. For traders who are new to this.. the orderbook is helpful cause they can actually see the orders as price moves.. after doing this for a while you dont really need it.. I can see price running on high or low volume by watching the bar.. on a high volume break youll see lots of movement in the actual bar and this means the area is more critical to more traders holding...

agreed. that's what i'm doing.
  • #895
  • May 5, 2010 3:42pm May 5, 2010 3:42pm
Quoting domino
1.28
1.25 might even be a conservative estimate.

I don't think the Germans are too happy about having to pony up and apparantly a legal challenge is being made by a group of academics in Germany on Friday.

Doesn't exactly fill the Eurozone with confidence, does it?
  • #896
  • May 5, 2010 3:50pm May 5, 2010 3:50pm
Quoting AstonDan
1.25 might even be a conservative estimate.

I don't think the Germans are too happy about having to pony up and apparantly a legal challenge is being made by a group of academics in Germany on Friday.

Doesn't exactly fill the Eurozone with confidence, does it?

second that.
  • #897
  • May 5, 2010 3:52pm May 5, 2010 3:52pm
Quoting AstonDan
1.25 might even be a conservative estimate.

I don't think the Germans are too happy about having to pony up and apparantly a legal challenge is being made by a group of academics in Germany on Friday.

Doesn't exactly fill the Eurozone with confidence, does it?
dead people showing up in banks doesnt add confidence in longs in the eurozone either.
  • #898
  • May 5, 2010 3:56pm May 5, 2010 3:56pm
Quoting domino
dead people showing up in banks doesnt add confidence in longs in the eurozone either.
No it does not.

Thanks to our election here in the UK i don't think that particular fact has received the media attention it should have.

Maybe i'll get a chance to trade Deutsche Mark yet!
  • #899
  • May 6, 2010 7:41pm May 6, 2010 7:41pm
Quoting grkfx
1.25 eh? Based on the euro being given junk status generating the order flow to get us there? I would be cautious for a number of reasons:
1.26 almost there....
  • #900
  • May 6, 2010 7:58pm May 6, 2010 7:58pm
how about that Dow eh?
2 traders viewing now