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Domino's Price and order flow trading

  • #921
  • Jun 22, 2010 12:36pm Jun 22, 2010 12:36pm
Sorry I haven't popped in as much we are doing something different at our firm. Taking a lot of my time I'll be back in a couple of months
  • #922
  • Jun 22, 2010 12:48pm Jun 22, 2010 12:48pm
I was indeed wondering if you had given up teaching us your orderflow method
The quality of your life is brought about by the quality of your thinking.
  • #923
  • Jun 28, 2010 1:58pm Jun 28, 2010 1:58pm
me too, this is one of the better systems i feel
  • #924
  • Jul 3, 2010 11:54am Jul 3, 2010 11:54am
Hi Hornet,

Can you please advise where I can get the dot indicator show in ur chart ?

Thanks,



Quoting hornet
Follow the flow....... follow the orderflow
  • #925
  • Jul 5, 2010 2:55am Jul 5, 2010 2:55am
Quoting pipfirst
Hi Hornet,

Can you please advise where I can get the dot indicator show in ur chart ?

Thanks,
its a proprietary indicator based around fractals but with variations that i want to be visually alerted to, in case i miss them. basically, it's just what my eyes see.
The quality of your life is brought about by the quality of your thinking.
  • #926
  • Jul 6, 2010 3:59am Jul 6, 2010 3:59am
hi Hornet,

I already compare with fractal. seem your indicator is compare 1 bar to left and right bar ? since for fractal the indicator compare 2 bar to left and right.

Please advise if its correct ? can you attached the indicator in here ?

Thanks a lot,

Quoting hornet
its a proprietary indicator based around fractals but with variations that i want to be visually alerted to, in case i miss them. basically, it's just what my eyes see.
  • #927
  • Jul 6, 2010 5:45am Jul 6, 2010 5:45am
Quoting pipfirst
hi Hornet,

I already compare with fractal. seem your indicator is compare 1 bar to left and right bar ? since for fractal the indicator compare 2 bar to left and right.

Please advise if its correct ? can you attached the indicator in here ?

Thanks a lot,
As I said, it is a PROPRIETARY indicator and is BASED around fractals not exactly like fractals.

It just gives some extra S&R levels based on my prefrences.
The quality of your life is brought about by the quality of your thinking.
  • #928
  • Jul 6, 2010 8:17am Jul 6, 2010 8:17am
I think people have requested and question his indicator, I think you need to read between the lines, I cannot recall a yes or no on this thread... I would not really hold out for yes.

Let me see if I can help you out and see if you can get someone to code it for you, not a fan of the dangling the carrot and stick.

Swing High
-----------------
Candle needs to create a lower low and close lower than the open

Swing Low
-----------------
Candle needs to create a higer high and close higher than the open

Take a look at these arrows.

Hope this helps.

Regards,
Vip

Quoting pipfirst
hi Hornet,

I already compare with fractal. seem your indicator is compare 1 bar to left and right bar ? since for fractal the indicator compare 2 bar to left and right.

Please advise if its correct ? can you attached the indicator in here ?

Thanks a lot,
Attached Image (click to enlarge)
Click to Enlarge Name: example.gif Size: 12 KB
  • #929
  • Jul 6, 2010 1:59pm Jul 6, 2010 1:59pm
Quoting pipfirst
hi Hornet,

I already compare with fractal. seem your indicator is compare 1 bar to left and right bar ? since for fractal the indicator compare 2 bar to left and right.

Please advise if its correct ? can you attached the indicator in here ?

Thanks a lot,
Hi pipfirst,

Take a look at this, could be similar to what you are looking for.


Regards,


BabeFX.
Attached File(s)
File Type: mq4 Support and Resistance (Barry).mq4   2 KB | 339 downloads
File Type: ex4 Support and Resistance (Barry).ex4   2 KB | 284 downloads
  • #930
  • Jul 7, 2010 9:19am Jul 7, 2010 9:19am
Thanks a lot for your suggestion babefx and guest 121.

Will try ...


Quoting BabeFX
Hi pipfirst,

Take a look at this, could be similar to what you are looking for.


Regards,


BabeFX.
  • #931
  • Jul 13, 2010 1:30am Jul 13, 2010 1:30am
Hi Domino,

I enjoy readying your posts . Thank you.

I also was wondering how you handled side ways markets ?

I took a screen shoot of the recent EURUSD 4 hour chart and placed the potential entries. Could you comment on which you would have taken and avoided and why ?

THanks

Sincerely
Kevin
Attached Image (click to enlarge)
Click to Enlarge Name: domino 1.png Size: 40 KB
  • #932
  • Jul 14, 2010 4:12am Jul 14, 2010 4:12am
Quoting tradingkevin
Hi Domino,

I enjoy readying your posts . Thank you.

I also was wondering how you handled side ways markets ?

I took a screen shoot of the recent EURUSD 4 hour chart and placed the potential entries. Could you comment on which you would have taken and avoided and why ?

THanks

Sincerely
Kevin
odd how this says 1.4999 on eurusd one july 8th 2010 on what your saying is the eurusd...

Im assuming that this is instead this is the gbpusd 4hour chart so using the gbpusd 4 hour chart using the daily chart and striking a s&r line at 1.5280 price is rising and pressing against the bottom side we are looking for shorts not longs.. we are also waiting for a better entry setup like a failed higher high break short against the resistance zone.. so answering the question nothing in the block is in play because its not against a support or a resistance zone based on a 4 hour chart.

ive attached a chart we are waiting for a setup like this red go short stop blue... based on 4 hour entry
Attached Image (click to enlarge)
Click to Enlarge Name: example.jpg Size: 163 KB
  • #933
  • Jul 14, 2010 12:42pm Jul 14, 2010 12:42pm
here is a good example of that..

audusd long

pressed against S&R zone SZ10G

failed low break with double bottom break high
Attached Image (click to enlarge)
Click to Enlarge Name: example2.jpg Size: 161 KB
  • #934
  • Jul 17, 2010 9:55am Jul 17, 2010 9:55am
Piker money control/risk control

different styles of trading use different money and risk control tactics. When being a trader and having large sums of money tied up into the market generally I use a piker style..

A piker is a cheap very cautious trading style.. not balls to the walls 100:1 leverage.. the small multiple entry style allows us to inject capital into the markets and pick up risk as the trend proves to continue.. this means as trend builds and continues we make more money but in conditions where we are getting chopped only a partial part of our capital is ever at risk.

on longer term time frames (greater than 4 hours) trends persist much longer and costs are minimized and the lenght of time to stop can burn much of the losses as interest rates our held again reducing costand losses.

while you see me trade 15m charts like this its not something I do in my firm.. I strickly do if for the thread.

multiple small positions build safety and most importantly efficiency...

smaller positions on whole have a different impact on trader mentality.. when the first postions you enter is only .01% of your account you feel less inclined to jump in and save the position and when it makes money you feel more inclined to hold it.. but over time these small positions really add up... ill give you an example...

price moves from 1.100 to 1.400 or lets say 300 pips every 50 pips new capital is injected into the trade.. 6 trades are made that add up to 6 standard lots ... the initial stop is 100 pips and 1standard lot initial risk or 1,000 bucks on successful tradeto 1.4 we have 6 positions 1 @ 300,1@250,1@200,1@150,1@100,[email protected] we make 10,500 bucks on initial risk of 1000 bucks.. the trade pip wise was 1:3 risk:reward.. but instead we made 1:10.5

initial risk never changes as we always place stop to protect.. breakeven rate increases a bit on fast trades but not really on long term trades.. leverage can be maximized and trends persist and followed into profit by stops.. when trading carry pairs you can offset losses with interest.

when trading is best to diversify bets across multiple markets ... diversity will help you not be overexposed into anyone market .. keep you nimble enough to change positions quickly and account for systemic shocks.. and increase revenue from trading by catching more markets.. your are more likely to hit long trends.

when in equities dont trade the stream unless you are trading the river aswell.. for example.. if the dow is under resistance and making lower lows why buy aapl? if the dow is over support and making higher highs why short rimm? but if the dow breaks and you can buy the dow mini and pike the index you can pick up more exposure by trading in the sum of its parts as well.. dow breaks higher high you pike the dow... aapl breaks high you can increase exposure and buy aapl.
  • #935
  • Jul 18, 2010 1:52am Jul 18, 2010 1:52am
  •  leemo
  • | Joined Oct 2009 | Status: Frankie Howard lives on... | 42 Posts
Hi Domino,

Great information on here, thank you.

1. How many markets do you watch?
2. Do you trade mainly off the daily time frame?
3. When building into/adding to trades, do you use one position size?

Thanks,
Paul
  • #936
  • Jul 18, 2010 3:21am Jul 18, 2010 3:21am
Quoting leemo
Hi Domino,

Great information on here, thank you.

1. How many markets do you watch?
2. Do you trade mainly off the daily time frame?
3. When building into/adding to trades, do you use one position size?

Thanks,
Paul
well a ton of markets lol..

I trade mainly off the daily

no I dont use on position size each position is slightly smaller.
  • #937
  • Jul 18, 2010 6:03am Jul 18, 2010 6:03am
Hello domino!
Thank you for your structured thoughts in this thread.
Quoting domino
well a ton of markets lol..

I trade mainly off the daily

no I dont use on position size each position is slightly smaller.
So, you trade in your own firm?
Can you describe you daily routine and schedule of trader, who trades daily charts?
I also trade daily charts, but it's difficult to my structure my work time for whole day, so i make also some daytrading.

But it's interesting to me, what long term traders, who trade full time from office do for all working day ? (i suppose they do some fundamental research, read "The Economist" and Bloomberg etc.. )
Per aspera ad astra
  • #938
  • Jul 18, 2010 11:41am Jul 18, 2010 11:41am
Quoting Ihor
Hello domino!
Thank you for your structured thoughts in this thread.


So, you trade in your own firm?
Can you describe you daily routine and schedule of trader, who trades daily charts?
I also trade daily charts, but it's difficult to my structure my work time for whole day, so i make also some daytrading.

But it's interesting to me, what long term traders, who trade full time from office do for all working day ? (i suppose they do some fundamental research, read "The Economist" and Bloomberg etc.. )
your welcome.

yes I trade in my own firm with a couple other traders who work with me.
well my day is usually pretty full...

I go in walk into the back.. get a coke from the fridge.. hopefully ive remembered to grab a newspaper so I can read the funnies at the desk... after that I get on youtube for a bit watch stuff about lohans drug problem and laugh at dumb crook videos.. I keep the news stream on and watch it to make sure nothing to serious happened or is happening.. if no usually put my feet up for a bit take a power nap..

go over open positions.. if nothing new I look for potential trades new entries on open positions.. traders come to me with ideas for trades and we decide how much to spend on it. then well go over entrances what the charts look like the fundamentals behind it.. the income stream.. what the river is doing.. if it all is good than well trade it ..

then usually a random person will come in and think we are a planning service so i have to explain that we dont do that.

other than that lol not to much else.. we float alot of positions but daily charts are easy to manage not much to do..
  • #939
  • Jul 19, 2010 6:51am Jul 19, 2010 6:51am
  •  leemo
  • | Joined Oct 2009 | Status: Frankie Howard lives on... | 42 Posts
Quoting domino
here is a good example of that..

audusd long

pressed against S&R zone SZ10G

failed low break with double bottom break high
Hi Domino,

Your post #933 going long after the high after the bounce off support makes perfect sense, but I also see on the screen shot you are going long again after the slight retrace. Is this you adding into the trade?

Do you only initiate a new trade after a bounce off support/resistance or would you also take a trade in between levels if you see a retrace like a basic 1-2-3 trade?

Also, would you only take a position if you see significant order flow to trade into (order flow as you have defined it earlier on in the thread)?

Thanks,
Paul
  • #940
  • Jul 19, 2010 2:22pm Jul 19, 2010 2:22pm
Quoting leemo
Hi Domino,

Your post #933 going long after the high after the bounce off support makes perfect sense, but I also see on the screen shot you are going long again after the slight retrace. Is this you adding into the trade?

Do you only initiate a new trade after a bounce off support/resistance or would you also take a trade in between levels if you see a retrace like a basic 1-2-3 trade?

Also, would you only take a position if you see significant order flow to trade into (order flow as you have defined it earlier on in the thread)?

Thanks,
Paul...
thats just a tracking positions 1$ open position makes it easier to see price without looking at the chart

It has to be coming of off support or resistance fail to show the level is holding and breakout to show its coming off the level. when a new s&r is broken and it continues to break I add to the position. The orderflow gauges to tradability and force the price movement will probably have one way or another the better the OF the better and longer the trend will probably last.
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