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Domino's Price and order flow trading

  • #1,041
  • Sep 28, 2010 8:48am Sep 28, 2010 8:48am
Quoting vicky_ag
So 16725 is the support we are looking at and 16218 is the low. So downtrend....low at 16218....retrace...and the break of previous low 16218 to start the downtrend.



So you mean, in an uptrend ppl tend to put stops at previous lows (HL higher low in trend sense)....those who have joined the trend early chase stops to higher HL...those who join late have their stops at their HL and they chase HL too...so on a long trend we have high interests at these HL/low break points. Watching orders at these points will help us understand the order flow....
not avoiding this post just very busy today.. ill try to get to it tonight cause it will take a while to respond to.
  • #1,042
  • Sep 29, 2010 2:36am Sep 29, 2010 2:36am
I've been trying to change my trading around. I've been trying to build an indicator aproached strat and figured out it was a bad idea. I've been trying to get into pure price action so I've been reading strats and j16 thread.

I was reading another thread where you were arguing with another guy about candlesticks and if they were trule price action and I loved your setups you were posting using only a line graph. I just skimmed your thread because it's very late here, but after all these forums I just wanted to let you know this is truly amazing! This is what I've been looking for! THis is what truly is making sense to me! I'm very excited to read your entire thread tomorow.

Thanks for everything domino! You may be my life saver
  • #1,043
  • Sep 29, 2010 6:05am Sep 29, 2010 6:05am
gbp/aud testing lows and building swap... lots of hard drops behind this.. not even near done with this short. thing is building beautiful..
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  • #1,044
  • Sep 29, 2010 8:31am Sep 29, 2010 8:31am
E/U 1 Hour:

Swapped RZ, good orderflow built underneath. It is against IRD, however.

Attached Image
  • #1,045
  • Sep 29, 2010 12:02pm Sep 29, 2010 12:02pm
Quoting domino
not avoiding this post just very busy today.. ill try to get to it tonight cause it will take a while to respond to.
No hurry, quite a lot of questions are there .

Btw, I was wondering if you had a recommendation from the Indian markets I can look at to build my list to select equities.

RIOCAN, a real estate trust. Is it a good bet in these times?
  • #1,046
  • Sep 29, 2010 12:12pm Sep 29, 2010 12:12pm
Quoting Benevolent
E/U 1 Hour:

Swapped RZ, good orderflow built underneath. It is against IRD, however.

Attachment
Swapped RZ alright but good orderflow? Isnt there a gapped order flow on this one?
  • #1,047
  • Sep 29, 2010 1:01pm Sep 29, 2010 1:01pm
Quoting Benevolent
Yup, and stacked short OF.
Attachment
Oh Ok. Still new at this

I have been watching the price ..looks hard pressed to move higher.

Though Benevolent, the IRD is supposed to be looked into only at daily tf trading. When examining shorter tf trades IRD doesn't hold much relevance.
  • #1,048
  • Sep 29, 2010 2:26pm Sep 29, 2010 2:26pm
Quoting vicky_ag
Oh Ok. Still new at this

I have been watching the price ..looks hard pressed to move higher.

Though Benevolent, the IRD is supposed to be looked into only at daily tf trading. When examining shorter tf trades IRD doesn't hold much relevance.
Agreed, I just like to know what the large-holder's could possibly be doing
  • #1,049
  • Sep 29, 2010 3:13pm Sep 29, 2010 3:13pm
When you're trading this method do you look at any other time frames or do you stick to the one your trading? EX) If you found a setup on the 3 hour do you bother entering on a lower time frame and using hte higher time frame trend?
  • #1,050
  • Sep 30, 2010 8:42am Sep 30, 2010 8:42am
Quoting Benevolent
E/U 1 Hour:

Swapped RZ, good orderflow built underneath. It is against IRD, however.

Attachment

the orderflow behind this hourly chart is extremely bullish and gapped to the lowerside. look for the zone 13780-13800 for the zone for the hourly pullback.. make sure the flow is non gapped if its against the ird... gapped orderflow generally will build support lack of order areas and can create failing in the reversal.. by using the gapped space as a new resistance.. or swapped resistance.
  • #1,051
  • Sep 30, 2010 8:47am Sep 30, 2010 8:47am
Quoting vicky_ag
No hurry, quite a lot of questions are there .

Btw, I was wondering if you had a recommendation from the Indian markets I can look at to build my list to select equities.

RIOCAN, a real estate trust. Is it a good bet in these times?

in good because of where it is.. its in canada.. go to the website -> investor relations .. do your DD.. its like 99% fill rate on all buildings.. walmarts.. drug stores.. big name box stores locked into huge leases all beautifully staggered .. this company has great management great dividend monthly payment.. and direct drip.. drag out a 10 year chart and ask yourself where the trend is lol...

I wont make watchlist recommendations.. that is confidential
  • #1,052
  • Sep 30, 2010 8:58am Sep 30, 2010 8:58am
Quoting beehivesjoe
When you're trading this method do you look at any other time frames or do you stick to the one your trading? EX) If you found a setup on the 3 hour do you bother entering on a lower time frame and using hte higher time frame trend?
you are looking at the chart you want to trade based on.. example monthly chart with IRD...

you mark the SZ and RZ... drop to weekly and daily to watch failure waves form in the zones...

so yes you are looking at different time frames..
  • #1,053
  • Edited 9:29am Sep 30, 2010 9:08am | Edited 9:29am
Quoting domino
the orderflow behind this hourly chart is extremely bullish and gapped to the lowerside. look for the zone 13780-13800 for the zone for the hourly pullback.. make sure the flow is non gapped if its against the ird... gapped orderflow generally will build support lack of order areas and can create failing in the reversal.. by using the gapped space as a new resistance.. or swapped resistance.

Hey Domino, I was getting this chart ready so I could ask you:

1) Do your levels for this area compare to mine? I got mine from the weekly.

2) I was gonna ask which would be a better entry to you, A or B. But now you're saying the order flow looks bullish, or that may have been just regarding the 1h.

3) I'm confused by this post, can you help me understand where the "gapped order flow" is?


Edit:

For part 2 of my question, please disregard IRD and other fundamental info, I'm just concerned about the technical setup. Just finished reading your thread and am ready to start asking specific questions (uh oh lol)
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  • #1,054
  • Sep 30, 2010 10:22am Sep 30, 2010 10:22am
Quoting frankkn
Hey Domino, I was getting this chart ready so I could ask you:

1) Do your levels for this area compare to mine? I got mine from the weekly.

2) I was gonna ask which would be a better entry to you, A or B....
Frank , not to be speaking out of turn as the post is directed to Domino.

Gapped order flow:

http://www.forexfactory.com/showpost...&postcount=401

If you look at the chart in the diagram context, it might become clear. The wave / stop order count is towards the zone and not away from it. So, instead of A and B , it should count F. The gap happens at A - B and then C-D.

http://www.forexfactory.com/showpost...postcount=1046


As I said earlier it is gapped but not sure if bullish or bearish, maybe Domino can clear as to how to see it as bullish.
  • #1,055
  • Edited 1:46pm Sep 30, 2010 10:29am | Edited 1:46pm
Quoting domino
in good because of where it is.. its in canada.. go to the website -> investor relations .. do your DD.. its like 99% fill rate on all buildings.. walmarts.. drug stores.. big name box stores locked into huge leases all beautifully staggered .. this company has great management great dividend monthly payment.. and direct drip.. drag out a 10 year chart and ask yourself where the trend is lol...

I wont make watchlist recommendations.. that is confidential
Domino, still looking forward to my post or skipping it? just kidding

Not asking for a watch list reco...just a name in Indian market (emerging market ) to start of the list building.
Though I have been reading Nomura's institutional research publications and they are bullish on infra in India too. Some of their recos are:
Triveni Engg , Sterlite Tech

any of these ring a bell?

Please add this to the list of silly questions: What is a direct drip ?
  • #1,056
  • Sep 30, 2010 10:40am Sep 30, 2010 10:40am
Quoting vicky_ag
Frank , not to be speaking out of turn as the post is directed to Domino.

Gapped order flow:

http://www.forexfactory.com/showpost...&postcount=401

If you look at the chart in the diagram context, it might become clear. The wave / stop order count is towards the zone and not away from it. So, instead of A and B , it should count F. The gap happens at A - B and then C-D....
Thank's Vicky!

It's pretty stupid to direct questions at just one person isn't it!?

Thanks again
  • #1,057
  • Sep 30, 2010 5:25pm Sep 30, 2010 5:25pm
Quoting frankkn
Hey Domino, I was getting this chart ready so I could ask you:

1) Do your levels for this area compare to mine? I got mine from the weekly.
The chart below shows 1.3700 to be strongest potential RZ which is RZ
Quote
2) I was gonna ask which would be a better entry to you, A or B. But now you're saying the order flow looks bullish, or that may have been just regarding the 1h.
it will pullback .. but overall the gapped bullish order flow that its building is with ird and its building lots of support in these gapped zones.. dashed zones.
Quote
3) I'm confused by this post, can you help me understand where the "gapped order flow" is?
v.. posted it.

Quote
Edit:

For part 2 of my question, please disregard IRD and other fundamental info, I'm just concerned about the technical setup. Just finished reading your thread and am ready to start asking specific questions (uh oh lol)

long is with the ird.... the only time its good to sell against the IRD is when IRD is tight.
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  • #1,058
  • Sep 30, 2010 5:48pm Sep 30, 2010 5:48pm
Quoting vicky_ag
Domino, still looking forward to my post or skipping it? just kidding

Not asking for a watch list reco...just a name in Indian market (emerging market ) to start of the list building.
Though I have been reading Nomura's institutional research publications and they are bullish on infra in India too. Some of their recos are:
Triveni Engg , Sterlite Tech

any of these ring a bell?

Please add this to the list of silly questions: What is a direct drip ?
dividend re-investment program

and no comment
  • #1,059
  • Sep 30, 2010 8:12pm Sep 30, 2010 8:12pm
Quoting vicky_ag
So 16725 is the support we are looking at and 16218 is the low. So downtrend....low at 16218....retrace...and the break of previous low 16218 to start the downtrend.



So you mean, in an uptrend ppl tend to put stops at previous lows (HL higher low in trend sense)....those who have joined the trend early chase stops to higher HL...those who join late have their stops at their HL and they chase HL too...so on a long trend we have high interests at these HL/low break points. Watching orders at these points will help us understand the order flow....
we are late to the party.. the original breakout was higher im just jumping into examples and showing how to trade them

Quote
2. Speaking orderflowly ppl tend to try and break S/R which creates the touches. So Number of touches you think is important? 3-4? Minimum touches you look at ?
3-4+
Quote
3. Wave sizes. I understand that gapped order flow is ignored normally but is considered near lows/highs. But still what wave numbers you look at ?
D? G ?
gapped order flow is taken into consideration.. H + is min..


Quote
Domino, I am looking not only at interest rate differentials but also at the GDP growth, current balance, deficits, investor confidence etc.
interest rates are generally all you need the rest is figured into the interest rates.

Quote
Technically, nothing more than S/R but that too arbitary......nothing which looks to touches.

I am trying to trade the BWILC way. Xaron is a member here who trades this way.
Learning order flow to fine tune my entries.

BWILC is a fail as there is no stops...


Quote
Agreed on the A/U interest differential part. You think current oversold scenario as accumulation and capitulation phases (VSA terms??? )Though I have a different way of looking at the current oversold scenario:
The RBA governor's hawkish tone on the growth aspects had raised hopes of more interest hikes. This caused rally into A/U. Upmove
The RBA minutes discussed a possibilty of a hike but not in the near future. This caused a bit of mix up for ppl anticipating a hike, hence the soldout. Retrace
FOMC meeting added another round of...
all terms come from the same function i see orderflow build long on dropping price and price takes sloped angle to sz .. volume is seen as usually dieing off as it finds support and is rejected.. as price starts breaking stops... and volume builds ... people who see price being attracted by volume .. and price being bought up to high volume.. .. its all the same stuff all works the same way.. reading the orderflow will show larger orders being triggered more frequently so there will be higher buying volume and price is attracted by volume.. and low volume indicates support.
  • #1,060
  • Edited 9:07pm Sep 30, 2010 8:55pm | Edited 9:07pm
Quoting domino

BWILC is a fail as there is no stops...
BWILC doesn't advocate stop losses in the traditional sense true... But he most certainly advocates cutting losses.

Rather you have risk % you want to assume and you average into a position according to his grid parameters. Traditional stop losses make no sense when you trade according to BWILC. If you were trading primarily on fundmental drivers would an intraday stop be the most logical choice?

Also not trying to be confrontational rather just stating my opinion.
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