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Domino's Price and order flow trading

  • #1,081
  • Oct 5, 2010 1:46pm Oct 5, 2010 1:46pm
Quoting vicky_ag
Domino still awaiting on your promises.
example of deathroll with trend and IRD.. price rolls against resistance .. everything being exchanged at very low volumes.. and the snap on high volume more than 5 bars rounded against resistance.
Attached Image (click to enlarge)
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  • #1,082
  • Oct 5, 2010 1:48pm Oct 5, 2010 1:48pm
Quoting domino
here is an example of gapped orderflow thats good because its with the trend with IRD and the gap is with the flow.. the resistance sits in these gaps which mean not only is there lack of triggering orders in here but resistance as well.. this is good the opposite of this is bad.
Ok so even if I am following a LL , LH to enter short trades any HH will not change my short view/exit trade as till it is in the gapped zone?

One more ques say we are long on Daily tailing SL on every HL. If we go lower on 4H we find another HL albeit higher than Daily. Is it good to be moving stops to that Low?
  • #1,083
  • Oct 5, 2010 1:52pm Oct 5, 2010 1:52pm
Example slingshot..

QUICK Burst of candles that break high fail on high volume and immediately press down and break on high volume... should also straddle a resistance zone
Attached Image (click to enlarge)
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  • #1,084
  • Oct 5, 2010 1:56pm Oct 5, 2010 1:56pm
Quoting vicky_ag
Ok so even if I am following a LL , LH to enter short trades any HH will not change my short view/exit trade as till it is in the gapped zone?

One more ques say we are long on Daily tailing SL on every HL. If we go lower on 4H we find another HL albeit higher than Daily. Is it good to be moving stops to that Low?
you mean lower than daily? cause the 4hour higher low cant be higher than the dailies higher low.. or that is the daily higher low..

btw thread has 100k views today..
  • #1,085
  • Oct 5, 2010 2:04pm Oct 5, 2010 2:04pm
Quoting domino
you mean lower than daily? cause the 4hour higher low cant be higher than the dailies higher low.. or that is the daily higher low..

btw thread has 100k views today..
Oops sorry my wave drawing was messed up , giving out this false assumption. Yes, it is a daily HH too.

100K views..woot!!


A celebration is in order..
  • #1,086
  • Oct 5, 2010 2:07pm Oct 5, 2010 2:07pm
Quoting vicky_ag
Oops sorry my wave drawing was messed up , giving out this false assumption. Yes, it is a daily HH too.

100K views..woot!!


A celebration is in order..
k now im good and confused.. rephrase the question please lol
  • #1,087
  • Oct 5, 2010 2:11pm Oct 5, 2010 2:11pm
Quoting domino
k now im good and confused.. rephrase the question please lol
Ah! nothing just that I messed up the wave drawing giving me an impression that 4hr HH was higher than daily HH.

Sorry for the confusion.
  • #1,088
  • Oct 6, 2010 1:27am Oct 6, 2010 1:27am
GBP/CAD Daily.
Interest rate chart is attached.

RZ9F, supply seems to be swamping this area.


Attached Image (click to enlarge)
Click to Enlarge Name: GCDaily.jpg Size: 503 KB


100k Views!
Can't forget the party hat.
  • #1,089
  • Oct 6, 2010 5:53am Oct 6, 2010 5:53am
Quoting Benevolent
GBP/CAD Daily.
Interest rate chart is attached.

RZ9F, supply seems to be swamping this area.


Attachment

100k Views!
Can't forget the party hat.
good chart good trade...
  • #1,090
  • Oct 6, 2010 6:18am Oct 6, 2010 6:18am
Quoting Benevolent
GBP/CAD Daily.
Interest rate chart is attached.

RZ9F, supply seems to be swamping this area.


Attachment

100k Views!
Can't forget the party hat.
Great catch Benevolent. Resistance, IRD and high volume on down bars, good setup.

Though I have a doubt in this:

Shouldn't the count be C instead of F ?? I mean, doesn't the previous bounce off the R nullify the stop cluster count ?

Edit: Looking at Line charts for better view, seems the break alreay occurred at 1.6150 ??
  • #1,091
  • Oct 6, 2010 6:32am Oct 6, 2010 6:32am
Quoting domino
+3800p on usdmxn now .. broker long term break point continuing failure here into support with resistance building above watching the price action and support zones.
major SZ here.. watch for wave failure and high break... also stop move to 6600 pending low break with swap of this SZ.. trend continuance at 4300 to lock in +2500P with stop.
Attached Image (click to enlarge)
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  • #1,092
  • Oct 6, 2010 6:40am Oct 6, 2010 6:40am
Quoting vicky_ag
Great catch Benevolent. Resistance, IRD and high volume on down bars, good setup.

Though I have a doubt in this:

Shouldn't the count be C instead of F ?? I mean, doesn't the previous bounce off the R nullify the stop cluster count ?

Edit: Looking at Line charts for better view, seems the break alreay occurred at 1.6150 ??
count is correct the orderflow is eaten behind the previous bounce.. but these clusters themselve build stop clusters.. and the levels will be swept.. and yes the break has occured we got the fail to 6250 and multiple levels of resistance seems the go trigger is 6050 not to confuse the break at 6150 with the trigger at 6050
  • #1,093
  • Oct 6, 2010 7:54am Oct 6, 2010 7:54am
Quoting domino
count is correct the orderflow is eaten behind the previous bounce.. but these clusters themselve build stop clusters.. and the levels will be swept.. and yes the break has occured we got the fail to 6250 and multiple levels of resistance seems the go trigger is 6050 not to confuse the break at 6150 with the trigger at 6050
So you mean that even though trades might have been closed with the LH, LL appearing..there might be participants sticking to their original plan until the last one of their stops in taken out? I was always confused about the counting so that clears it all.

Domino, the second statement is interesting. I have been reading posts on S/R thread, many examples were dedicated to line charts. These charts tend to skew the view of wave formation and breaks. Yes, if viewed through line charts, change came at 6250...and the break at 6150. Viewed in terms of candles (bars) the actual break comes at 6050. Though would you recommend using line charts while trying to trade 1hr charts???
  • #1,094
  • Oct 6, 2010 8:34am Oct 6, 2010 8:34am
Quoting vicky_ag
So you mean that even though trades might have been closed with the LH, LL appearing..there might be participants sticking to their original plan until the last one of their stops in taken out? I was always confused about the counting so that clears it all.

Domino, the second statement is interesting. I have been reading posts on S/R thread, many examples were dedicated to line charts. These charts tend to skew the view of wave formation and breaks. Yes, if viewed through line charts, change came at 6250...and the break at 6150. Viewed in terms...
I dont recommend anything on 1 hour charts... you need to look at both candle and line.. line for how the setups look but realize that the double bar low open close.. is the line break.. at 6150 and the wick or extreme is 6050 with compression against the RZ in this case its very tight so you want to use the extremes for low break as it is more deciding.
  • #1,095
  • Edited 9:39am Oct 6, 2010 8:57am | Edited 9:39am
Quoting domino
I dont recommend anything on 1 hour charts... you need to look at both candle and line.. line for how the setups look but realize that the double bar low open close.. is the line break.. at 6150 and the wick or extreme is 6050 with compression against the RZ in this case its very tight so you want to use the extremes for low break as it is more deciding.
Ok so you dont recommend trading 1hr charts, not much to do there in terms of IRD I get it.

Is that a candle pattern like DBHLC or DBLHC ??
There is one more break at 6250 as per line chart too.

Edit: Candle chart (not sure if the consolidation at the R is drawn correctly) HL failure at 6150 and trade trigger at 6050

http://content.screencast.com/users/...10-06_1959.png


Line chart

http://content.screencast.com/users/...10-06_2008.png
  • #1,096
  • Oct 6, 2010 9:56am Oct 6, 2010 9:56am
Quoting domino
you mean lower than daily? cause the 4hour higher low cant be higher than the dailies higher low.. or that is the daily higher low..

btw thread has 100k views today..
Here is the D1 chart, stop is placed accordingly:

http://content.screencast.com/users/...10-06_2011.png

but on viewing 4h...there is a HL made..higher than D1

http://content.screencast.com/users/...10-06_2011.png

Is it good to be moving stops and following the lower tf ??

Sorry Domino, I keep asking questions...but I like to learn by asking analyzing and then more question...if I am being too much of pain...please let me know so that I will stop.
  • #1,097
  • Oct 6, 2010 12:20pm Oct 6, 2010 12:20pm
Vic, your entry seems to be a little too high. You want to run with the limit/market clusters(stops). Your stop seems to be in the right place though . Dom, are there any reading suggestions for economic market principles? I know you say the IRD is all you need in the FX, but is there anything else you could suggest? I'm currently studying Yields,Treasuries, Bonds, and other Rates that could affect other markets. I basically want to find out how the economy ticks
  • #1,098
  • Oct 6, 2010 2:19pm Oct 6, 2010 2:19pm
Quoting Benevolent
Vic, your entry seems to be a little too high. You want to run with the limit/market clusters(stops). Your stop seems to be in the right place though . Dom, are there any reading suggestions for economic market principles? I know you say the IRD is all you need in the FX, but is there anything else you could suggest? I'm currently studying Yields,Treasuries, Bonds, and other Rates that could affect other markets. I basically want to find out how the economy ticks
Ben, yep the trade is at near a high point but a Resistance swapped so hope to catch some pips.

IRD/Fischer effect is not the all , it cannot explain failure of carry trades and movement of currency with close IRD.

Bond Rates maybe.
  • #1,099
  • Oct 6, 2010 5:05pm Oct 6, 2010 5:05pm
check out my comments in the AUD/CAD room for more examples... this is still holding..

here http://www.forexfactory.com/showpost...1&postcount=11
here
http://www.forexfactory.com/showpost...0&postcount=13
here
http://www.forexfactory.com/showpost...8&postcount=15
here
http://www.forexfactory.com/showpost...9&postcount=21
here
http://www.forexfactory.com/showpost...6&postcount=26


for my comments and charts.. youll see I do use more than just IRD as well.. but im trying to keep this thread simple to show people how to trade profitably and show the mentality of long term successful trading..

read the full AUD/CAD thread and youll see how people tend to try to pick tops and bottoms then they cut off trades for quick profit and leave out the bulk of the trade..
  • #1,100
  • Oct 6, 2010 5:13pm Oct 6, 2010 5:13pm
Quoting vicky_ag
Ben, yep the trade is at near a high point but a Resistance swapped so hope to catch some pips.

IRD/Fischer effect is not the all , it cannot explain failure of carry trades and movement of currency with close IRD.

Bond Rates maybe.

carry trades work but... you need to use TA you just cant blindly enter into a carry trade without knowing where we are in the cycle of things.. you cant just exit whenever you fell like it to... interest rates is really all you need mixed with some basic TA and common sense...

What drives the Pairs with divergent interest rates is the fischer effect.. like a stock with a dividend like riocan for example...

the other pairs is driven by growth and value mainly.. like a stock without a dividend or extremely small dividend like walmart.. or appl.. or alcoa...

but just because there is value in a tight dividend or interest vehicle/car/unit/share doesnt mean it will track... there is TA to sync with after a divergence is made...

When I said figure out why riocan is good and youll know what your looking for is because its all of these things in one package its the perfect example.. in the crash I bought it because there was huge technical and fundamental divergence.. there was a huge monthly rate that was actually increasing.. there was growth and there was YCD(yield curve divergence) and tons of other stuff.. the TA was out of Sync with the actual value... this is what creates a trade or an edge.. and opportunity. when TA began to sync again it was a buy a continue to buy a continue to buy and then hold...
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