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Attachments: Domino's Price and order flow trading
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Domino's Price and order flow trading

  •  leemo
  • | Joined Oct 2009 | Status: Frankie Howard lives on... | 42 Posts
Hi Domino,

I've been trading off the 4 hour timeframe following the methods on this thread with some success but I'm not sure that my s/r zones are good. I often see price reacting just before or just beyond my zone and when I look more closely, this s/r zone could be just as valid as the one I have drawn in on my chart.

I generally get about 6 months price data on my screen using the daily, then mark on horizontal lines at price turning points, end of the wicks, giving a higher priority to more recent turning points. After adding the s/r zones I look at these horizontal lines as levels that price staggers up and down/to and from. Sometimes I get so many lines it's hard to see what's going on at all ..lol. I then move down to 4 hour and look for the setups you have outlined on this thread.

s/r levels: Sometimes I read the more touches, the stronger the level. Then I read s/r usually will not hold after 3 touches.... All a bit confusing.

Do you add multiple levels to your charts or do you just see what levels might be applicable for that day and then re draw it/them in a few of days time?

Any advice on identifying these zones? I guess experience is the key here.

Thanks again for sharing your knowledge.

Paul
Quoting leemo
Hi Domino,

I've been trading off the 4 hour timeframe following the methods on this thread with some success but I'm not sure that my s/r zones are good. I often see price reacting just before or just beyond my zone and when I look more closely, this s/r zone could be just as valid as the one I have drawn in on my chart.
the only way for me to advise this is if you post charts and trades.. generally the S&R is a zone tho.. not a precise line.. the S&R line occurs at a certain spot the line will give you reference to how price is reacting to the ZONE.. for example if price is creating failed highs in a resistance zone under a resistance line and the top of a failed wave is at the line .. watch this low.. if it breaks your golden.. if it creates a higher low and squeezes it may just be building orderflow to overcome the resistance zone... so watch the price action in these areas and post charts Ill be able to better show you and see what your doing here.
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I generally get about 6 months price data on my screen using the daily, then mark on horizontal lines at price turning points, end of the wicks, giving a higher priority to more recent turning points. After adding the s/r zones I look at these horizontal lines as levels that price staggers up and down/to and from. Sometimes I get so many lines it's hard to see what's going on at all ..lol. I then move down to 4 hour and look for the setups you have outlined on this thread.
way to many lines ..you only need 1 or 2 of the strongest zones label them ignore the SorRZ less than 4 or 5 with an E or lower orderflow.. and make sure the zone is a swap... this will improve your accuracy to and number of lines and potential setups that are higher quality.
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s/r levels: Sometimes I read the more touches, the stronger the level. Then I read s/r usually will not hold after 3 touches.... All a bit confusing.
its all B.S. any S&R is as good as another new or old.. but number of touches increases how many people will use it.. the more touches the better.
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Do you add multiple levels to your charts or do you just see what levels might be applicable for that day and then re draw it/them in a few of days time?
well since I trader longer term charts my levels stay on my charts for a while and I spend most of my time waiting and watching.. I print them off so if the terminal goes down I know how everything is setup..
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Any advice on identifying these zones? I guess experience is the key here.

Back in this thread I talked about identifying these zones and labeling them if you jump back and read that it will help.. the more you draw and label and draw and label the better you get.. but you must label them and watch the orderflow..
  •  leemo
  • | Joined Oct 2009 | Status: Frankie Howard lives on... | 42 Posts
Quoting domino
the only way for me to advise this is if you post charts and trades.. .
How about this? G/U RZ10F Short after a break of A
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  •  leemo
  • | Joined Oct 2009 | Status: Frankie Howard lives on... | 42 Posts
C/J SZ11E Long after the break of A
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  •  leemo
  • | Joined Oct 2009 | Status: Frankie Howard lives on... | 42 Posts
U/C RZ20E Short after break of A
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Quoting leemo
How about this? G/U RZ10F Short after a break of A
price is in the Resistance zone yes .. the line I feel is a bit off at 1.5550 is better notice how the dark cloud cover is building at 1.5550 what I believe we'll see here is a new failed high which will lock the Low A and the break of A will be a good trade at blue dash short red over the actual line and over the resistance zone is a good place for a stop as long as the failed high stays under the line.. 1.5500 would be a good rejection the orderflow is building short just wait for new failed high and dont jump in early and get chopped. Also the tighter the waves compress under the line usually the better the setup and the better the risk management on the trade..
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Quoting leemo
C/J SZ11E Long after the break of A
conjestion is swapped over this zone on the weekly so SZ11E-swapped
wait for compression check out this chart blue(go) and red is stop
compression is key in conjestion keeping risk down
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  •  leemo
  • | Joined Oct 2009 | Status: Frankie Howard lives on... | 42 Posts
Quoting domino
conjestion is swapped over this zone on the weekly so SZ11E-swapped
wait for compression check out this chart blue(go) and red is stop
compression is key in conjestion keeping risk down
Thanks. Seems I need to pay more attention to wave compression in and around the s/r zone
Quoting leemo
Thanks. Seems I need to pay more attention to wave compression in and around the s/r zone
the structure mostly the more the waves compress against a zone the more you know you have the right spot and the better the reaction will be comming off the zone.. also the tighter the stop makes for better R:R..
your gbpusd looks like a good watch.. chart attached 15500 key large confluence good short orderflow.. very visible area.. swapped zone..
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  •  leemo
  • | Joined Oct 2009 | Status: Frankie Howard lives on... | 42 Posts
Do you pay much attention to the trend on weekly when trading daily or are you happy to fade the trend if good orderflow clusters exists and price is moving off a zone?
Quoting leemo
Do you pay much attention to the trend on weekly when trading daily or are you happy to fade the trend if good orderflow clusters exists and price is moving off a zone?
Im very calculated in how I trade firm capital. First there has to be a payment of some form dividends/interests payments that matter on the scale I plan to hold. then monthly-weekly trend ... draw S&R label them figure out order flow.. draw out the wave structure.. and wait for it to resume the higher timeframe trend indirection of the interest payments .. my goal is to establish many small low risk positions into long term trends indirection of interest rate payments and dividends and then slowly leverage up maximizing profit potential..
  •  leemo
  • | Joined Oct 2009 | Status: Frankie Howard lives on... | 42 Posts
Nice setup for E/G on 4 hour. There is a pinbar at resistance on the weekly chart and plenty of orderflow underneath on 4h
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  •  leemo
  • | Joined Oct 2009 | Status: Frankie Howard lives on... | 42 Posts
Quoting domino
Im very calculated in how I trade firm capital. First there has to be a payment of some form dividends/interests payments that matter on the scale I plan to hold. then monthly-weekly trend ... draw S&R label them figure out order flow.. draw out the wave structure.. and wait for it to resume the higher timeframe trend indirection of the interest payments .. my goal is to establish many small low risk positions into long term trends indirection of interest rate payments and dividends and then slowly leverage up maximizing profit potential..
Cool
possible take a gander
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Quoting domino
possible take a gander

Very impressive thread but perhaps you can also teach us what kind of proof one will need to know if the writer is actually profitting from his trade based on the strategy/system/methodology he preached ?

Thx and cheers........
Quoting 99vt66
Very impressive thread but perhaps you can also teach us what kind of proof one will need to know if the writer is actually profitting from his trade based on the strategy/system/methodology he preached ?

Thx and cheers........
well I think I called enough in real time with about 90% accuracy stops and all I would read through the thread gander at the euro call and exit at 1.21 while others where saying no... read the thread look at the many many 15M scalps which im not even good at in profit... if thats not enough I can do more longer term calls on here and we can track them on the first post of the thread.
  •  leemo
  • | Joined Oct 2009 | Status: Frankie Howard lives on... | 42 Posts
Quoting 99vt66
Very impressive thread but perhaps you can also teach us what kind of proof one will need to know if the writer is actually profitting from his trade based on the strategy/system/methodology he preached ?

Thx and cheers........
No proof is required. Nobody is forcing you or anyone else to take any of these trades or even read this thread. The choice is yours
  •  leemo
  • | Joined Oct 2009 | Status: Frankie Howard lives on... | 42 Posts
Quoting domino
possible take a gander
GBP/NZD

Domino, Would you consider this trade still valid if the next high breached the resistance to make a new high before falling bellow the previous low?
Quoting leemo
GBP/NZD

Domino, Would you consider this trade still valid if the next high breached the resistance to make a new high before falling bellow the previous low?
no the risk would be to high on it too.. id wait for the next wave after it fails and rebreaks.
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