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Domino's Price and order flow trading

  • #981
  • Sep 10, 2010 2:18pm Sep 10, 2010 2:18pm
update aussy usd trade .. still moving in sync with IRD from compression on weekly chart from swapped zone broken high after failed low.. price rebroke and rebroke again.. continuing the upward momentum

so we buy more aussies with reducing weight watching for potential exits.
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  • #982
  • Sep 12, 2010 4:59pm Sep 12, 2010 4:59pm
Quoting domino
hey sutts np

attached a chart to show what I mean ...

price is compressing at the support line indicated in the chart waves have narrowing lows showing slowing of the selling momentum.. a narrow break low followed by a break high forms an outside wave formation in the support area and is bullish entrance would be on the rebreak of this wave following a new failed low against support..

please note that the interest rate differential is narrow with this pair so do not look to long if your broker does not offer some sort of positive swap on...
Thanks for the help Domino, that's great.
  • #983
  • Sep 13, 2010 3:12pm Sep 13, 2010 3:12pm
usdmxn shorts low break trigger on swapped resistance 1 year
  • #984
  • Sep 13, 2010 3:28pm Sep 13, 2010 3:28pm
chart

LT sells at 1250 break

not clearest formation tho
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  • #985
  • Sep 13, 2010 9:19pm Sep 13, 2010 9:19pm
how do you take into account that the people with large orders move them around so it's harder to see where their positions/orders will be executed?

how long do you think it would take to learn this method completely with the bloom feed?
  • #986
  • Sep 14, 2010 8:43am Sep 14, 2010 8:43am
Quoting rogerdoger
how do you take into account that the people with large orders move them around so it's harder to see where their positions/orders will be executed?
we are dealing with lines in the sand here.. orders may be coming into the market and price may be moving but that does not mean well be constantly in the market.. as orders come into the market and price moves and well see the flow even if we dont see the orders.. for example traders are discovering lower prices and sell orders are coming into the market and price is shifting down.. for example after a sharp sell off price pushes back up toward resistance .. the resistance is swapped which means that price sold through the layer of support .. as price climbs slowly toward resistance wave failure will show us that buyside orderflow is weak and on failure at resistance and confirmation of break.. all the buy orders will be chasing the lows with stops.. and new short traders will be chasing the lows with new orders.. so compression occurs at the resistance .. failure.. and then confirmation... and the selling orderflow continues .. the orderbook will show us orders around the levels so we can see how the failure occurs and the orders on the other side.. if the next 5 best prices over the resistance has smaller volume than the sell orders after failure at resistance that is all you need to know.

Quote
how long do you think it would take to learn this method completely with the bloom feed?

about a month.
  • #987
  • Sep 14, 2010 4:27pm Sep 14, 2010 4:27pm
Quoting domino
chart

LT sells at 1250 break

not clearest formation tho

shorts off to a good start here .. looking to cascade into the long term shorts at 50.
  • #988
  • Sep 16, 2010 12:12am Sep 16, 2010 12:12am
aussy failing at support ... long exited on break
was a good trade stoked about that one.

usdmxn still open short.. great break
  • #989
  • Sep 18, 2010 12:49pm Sep 18, 2010 12:49pm
Hi Domino, Nice thread you have here. I have traded similar for a long time but you present many gold nuggets here. Thanks for the thread and may I ask your opinion on the EURUSD for this new week.It is sitting just below Daily pivot point with a bearish doji.My guess is down to about 1.2920with a little more profit taking and then head north. Please if you can take a look for me Thanks Mr D PS this is not trading advice for anyone
Jesus my Lord
  • #990
  • Sep 18, 2010 8:46pm Sep 18, 2010 8:46pm
Quoting Mr D.
Hi Domino, Nice thread you have here. I have traded similar for a long time but you present many gold nuggets here. Thanks for the thread and may I ask your opinion on the EURUSD for this new week.It is sitting just below Daily pivot point with a bearish doji.My guess is down to about 1.2920with a little more profit taking and then head north. Please if you can take a look for me Thanks Mr D PS this is not trading advice for anyone

Im a longer term style trader .. note that this pair for me is not really tradable because I need a swap to be paid to me and I find the wider the swap and the more liquid the better the trend will stay intact.. eurusd has a tight interest rate differential so I dont expect a smooth trend to occur trading the eurusd long. So I believe buying into this eurusd long doesnt provide the best risk to reward and doesnt pay to hold reducing trade cost over time... so the inefficiency in the trade is low.. on the bright side if your willing to take the risk.. 1.25 is a rechallenged swapped support zone on long term charts.. which seems to be creating a failure wave just above it.. this is a bullish sign and a break of near term highs at 133 provides a nice low risk bullish entry with main long term trend..

my assessment is to only buy the eurusd in trades over the next coming months if your short term and wait for the confirmation long on that failure setup before making any long term trades..

ill try to post a chart.
  • #991
  • Sep 18, 2010 9:15pm Sep 18, 2010 9:15pm
you've mentioned that you trade all different types of markets, is the currency market most profitable b/c of the interest rate swaps?

how long have you been doing this for?
  • #992
  • Sep 18, 2010 11:16pm Sep 18, 2010 11:16pm
Quoting rogerdoger
you've mentioned that you trade all different types of markets, is the currency market most profitable b/c of the interest rate swaps?

how long have you been doing this for?
currency markets are profitable but not the most profitable.. They are great diversification and sync well with equities. As with anything money management should really even out the volatility and risk in any market.. I would say I make more trades in equities than fx and equities hold a larger % of capital. Ive been doing this a long time lol
  • #993
  • Sep 19, 2010 3:44am Sep 19, 2010 3:44am
Quoting domino
Im a longer term style trader .. note that this pair for me is not really tradable because I need a swap to be paid to me and I find the wider the swap and the more liquid the better the trend will stay intact.. eurusd has a tight interest rate differential so I dont expect a smooth trend to occur trading the eurusd long....
This is great info domino, thanks. I learn so much from posts like these.
  • #994
  • Sep 19, 2010 11:09pm Sep 19, 2010 11:09pm
Quoting domino
currency markets are profitable but not the most profitable.. They are great diversification and sync well with equities. As with anything money management should really even out the volatility and risk in any market.. I would say I make more trades in equities than fx and equities hold a larger % of capital. Ive been doing this a long time lol
do you also use the bloom feed for equities as well? or do you use something else to help read the order flow
  • #995
  • Sep 20, 2010 4:00pm Sep 20, 2010 4:00pm
Quoting rogerdoger
do you also use the bloom feed for equities as well? or do you use something else to help read the order flow
I use a couple of orderflow tooks the.. ib order book for one..

but yeah we use them for all trades.
  • #996
  • Sep 20, 2010 4:03pm Sep 20, 2010 4:03pm
long term sell side pound dollar shorts..

adding a bit of risk to the portfolio a gbp/aud short seems in order the gbp weakness on long term charts leads us to believe the breakout short on the monthly and weekly is likely to continue and pay us a great interest rate differential. Will post charts.
  • #997
  • Sep 20, 2010 9:32pm Sep 20, 2010 9:32pm
Quoting domino
I use a couple of orderflow tooks the.. ib order book for one..

but yeah we use them for all trades.
is the ib order book sufficient for trading fx too?
  • #998
  • Sep 21, 2010 7:19am Sep 21, 2010 7:19am
Quoting rogerdoger
is the ib order book sufficient for trading fx too?
its ok I advise using multiple orderbook services
  • #999
  • Sep 21, 2010 7:22am Sep 21, 2010 7:22am
gbp/aud breaking nicely... break of 16218 gives us a nice long term hold in this pair.. RZ7B swapped clean break into lows. Position is enhanced by monthly trigger.
  • #1,000
  • Sep 21, 2010 8:01am Sep 21, 2010 8:01am
Good morning traders.

I'm not used to trading like this and would love some feedback on this experimental trade. Oanda sure is great for flexible position sizing.

I'm posting 4 charts: weekly, daily, 4h, and 15m
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