Domino's Price and order flow trading | Page 60 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Price-Structure-Order flow 449 replies

Supply demand trading and order flow 46 replies

How to flow with the order flow? 26 replies

Trading Strategies Using Price Action & Order Flow 187 replies

Order Flow Trading with ICCE Channels 3 replies

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

Domino's Price and order flow trading

  • #1,181
  • Nov 21, 2010 10:38pm Nov 21, 2010 10:38pm
Quoting Benevolent
Yay, more posts

I need to do more research onto managing positions and equity with excel or whatever program someone can suggest. I like to have complete control over my trades. When I start stacking on more positions I feel like things start getting out of control for a bit. I can definitely see the potential for crazy profits, it's just a matter of managing them for the long-run. I know you spoke of handling over 500+ market positions at once(correct me if I'm wrong), is there any advice you could give for management of these positions? hugs...
sorry yeah been busy, you wont be managing 500+ as a single person I have on and off about 12 traders that manage that many.. generally 1 person can handle about 20-40ish positions at once.. depending on skill.. any single advice for managing in excess of 30 or so positions and building them.. would be set and forget style entrances.. mixed with constant review and search for new positioning.. forexample .. trade with orderflow and only trade in direction of IRD take orderflow breaks and once in profit good amount go to break even and look to continue entrances.. eventually you will have accrued massive positioning through a long term trend indirection in leverage at low risk..
and across 30 positions or so would be very stable and well diversified..
  • #1,182
  • Nov 22, 2010 8:37pm Nov 22, 2010 8:37pm
Quoting domino
sorry yeah been busy, you wont be managing 500+ as a single person I have on and off about 12 traders that manage that many.. generally 1 person can handle about 20-40ish positions at once.. depending on skill.. any single advice for managing in excess of 30 or so positions and building them.. would be set and forget style entrances.. mixed with constant review and search for new positioning.. forexample .. trade with orderflow and only trade in direction of IRD take orderflow breaks and once in profit good amount go to break even and look to continue...
Thanks Dom. I learned excel programming the other day to make my own portfolio spreadsheet for my trades. Your ideaology of holding for long periods of time is very similar to Graeme's postings on here(Equity Millipede is what he called it). Equity curves tell no lies... You ever consider doing a chatroom of some sort??
  • #1,183
  • Nov 22, 2010 9:11pm Nov 22, 2010 9:11pm
Quoting Benevolent
Thanks Dom. I learned excel programming the other day to make my own portfolio spreadsheet for my trades. Your ideaology of holding for long periods of time is very similar to Graeme's postings on here(Equity Millipede is what he called it). Equity curves tell no lies... You ever consider doing a chatroom of some sort??
This is actually what alot of people do in proprietary trading firms.. not the arcades... it gives you a shamefully low risk on your positions and if you create a good portfolio and build slowly into leverage its basically fullproof.. ill be honest ive tried everything cause its my job.. my job as a fund manager I have to create the best returns on my money with the lowest risk with the least amount of correlation to normal investments as I can... Ive tried neural nets.. high frequency.. Ive tried convert arb.. strategic genetic algo.. vsa.. straight hedging.. market profile.. Ive brought in about 15 different market strategists.. who i found pitched me nonsense .. in the end the more complex the strategy is the less likely it is to work... when I was in prop trading I got called a dirty piker.. and they wouldnt extend overnight leverage on my portfolio.. so I had to increase and decrease exposure by the day around my main portfolio..

chatroom no sorry i cant im way to busy during the day wish i could.
  • #1,184
  • Nov 22, 2010 10:01pm Nov 22, 2010 10:01pm
Always great to receive knowledge from those who have achieved what you're aiming for. If you ever decide to get skype up and running let me know I would really like to have a conversation with you one day. Btw, getting better at spotting the breakout setups
  • #1,185
  • Nov 22, 2010 11:09pm Nov 22, 2010 11:09pm
I second Ben's comments. GREAT info here! Thanks for all your help Domino. Even though it might seem like no one posts in your thread a lot of us keep coming back eagerly waiting for your next post
  • #1,186
  • Nov 23, 2010 12:41pm Nov 23, 2010 12:41pm
Hey guys heads up Im shifting to cash and taking profits on todays price action.
so those trades we are in as a thread we are moving to cash officially.
reasons china is tightening policy .. irish bailouts and debt restructuring.. and Potential Korean war is maiming the market. get ready to see some risk adversion south korea is saying it will retaliate
  • #1,187
  • Nov 23, 2010 11:52pm Nov 23, 2010 11:52pm
Quoting domino
Hey guys heads up Im shifting to cash and taking profits on todays price action.
so those trades we are in as a thread we are moving to cash officially.
reasons china is tightening policy .. irish bailouts and debt restructuring.. and Potential Korean war is maiming the market. get ready to see some risk adversion south korea is saying it will retaliate

G/C is looking tempting. Daily death roll with the help of stops and limits @ 1.60. If price can't break with impact, will look for a small loss.
  • #1,188
  • Nov 24, 2010 12:15am Nov 24, 2010 12:15am
Quoting Benevolent
G/C is looking tempting. Daily death roll with the help of stops and limits @ 1.60. If price can't break with impact, will look for a small loss.
yeah I mean the GBP shorts look good .. but I have partners in south Korea.. last thing they want right now is invested money.. which is the main reason im gonna be holding cash ill probably move in slowly with very small positions just to get some exposure but it wont be much
  • #1,189
  • Nov 24, 2010 1:37am Nov 24, 2010 1:37am
Quoting domino
yeah I mean the GBP shorts look good .. but I have partners in south Korea.. last thing they want right now is invested money.. which is the main reason im gonna be holding cash ill probably move in slowly with very small positions just to get some exposure but it wont be much
Sweeeeeet!

GBPCHF: TP1 and TP2 hit with TP3 still out there -
Attached Image (click to enlarge)
Click to Enlarge Name: c4_101119_h1_GBPCHF Weekend.PNG Size: 97 KB


GBPCAD: TP1 hit with TP2 and TP3 still out there
Attached Image (click to enlarge)
Click to Enlarge Name: gc4_101119_h1_GBPCAD Weekend.PNG Size: 104 KB


You will have to look at your own charts for latest prices... lol

I wish you success with your trading!
  • #1,190
  • Nov 24, 2010 7:58am Nov 24, 2010 7:58am
Quoting bbakker
Sweeeeeet!

GBPCHF: TP1 and TP2 hit with TP3 still out there -

GBPCAD: TP1 hit with TP2 and TP3 still out there

You will have to look at your own charts for latest prices... lol

I wish you success with your trading!
yeah I did some selling last night.. stops already in place well see how this holds out..
Attached Image (click to enlarge)
Click to Enlarge Name: sell1.jpg Size: 21 KB
  • #1,191
  • Nov 24, 2010 9:17am Nov 24, 2010 9:17am
Quoting Benevolent
Always great to receive knowledge from those who have achieved what you're aiming for. If you ever decide to get skype up and running let me know I would really like to have a conversation with you one day. Btw, getting better at spotting the breakout setups
I second this too. One of only a few valuable threads here on FF.

BB: nice trades as always.
  • #1,192
  • Nov 24, 2010 3:48pm Nov 24, 2010 3:48pm
WOW.. great thread.. Just noticed.

Thanks for your insights domino.
  • #1,193
  • Nov 26, 2010 8:51am Nov 26, 2010 8:51am
Quoting wh1zz0
WOW.. great thread.. Just noticed.

Thanks for your insights domino.
thanks dude..
hope to keep seeing you
  • #1,194
  • Nov 29, 2010 8:04am Nov 29, 2010 8:04am
Quoting domino
yeah I did some selling last night.. stops already in place well see how this holds out..
Broke even small loss on the nok the risk adversion continues
  • #1,195
  • Edited 9:18pm Nov 29, 2010 9:08pm | Edited 9:18pm
hi domino, considering that this is your full-time job, do you have any mechanisms you do to keep you from going crazy due to the uncertainty that the way you make your money and/or the markets as we know it could go kaboom any day now?

what broker are you using for stocks (if i may ask)?
  • #1,196
  • Nov 29, 2010 9:30pm Nov 29, 2010 9:30pm
Quoting rogerdoger
hi domino, considering that this is your full-time job, do you have any mechanisms you do to keep you from going crazy due to the uncertainty that the way you make your money and/or the markets as we know it could go kaboom any day now?
um I dont generally worry about the global markets.. I worry alittle about Nkorea.. but in general im not worried about my way of making money.. I have to much to worry about besides that.. We are getting ready to expand into south korea now with a foreign global emerging market fund.. and this north korea business has halted our plans.. but day to day activities still go on here regardless.. there is always crisis .. always reason to fear the end.. nations rise and fall and new ones grow from the ashes of ruined ones.. its the way of life.. look at iceland for example.. traders will always make money.. as we should have a strong understanding of supply and demand and what creates it.. other than that when the traders are not looking I play a little diablo II .. waiting for the 3rd to come out..
  • #1,197
  • Nov 29, 2010 9:31pm Nov 29, 2010 9:31pm
Quoting rogerdoger
what broker are you using for stocks (if i may ask)?
IB Does our clearing.
  • #1,198
  • Nov 29, 2010 10:01pm Nov 29, 2010 10:01pm
Quoting domino
um I dont generally worry about the global markets.. I worry alittle about Nkorea.. but in general im not worried about my way of making money.. I have to much to worry about besides that.. We are getting ready to expand into south korea now with a foreign global emerging market fund.. and this north korea business has halted our plans.. but day to day activities still go on here regardless.. there is always crisis .. always reason to fear the end.. nations rise and fall and new ones grow from the ashes of ruined ones.. its the way of life.. look...
Bahaha I totally just beat the 2nd one again with some buddies. The 3rd one should be epic
  • #1,199
  • Nov 30, 2010 7:14am Nov 30, 2010 7:14am
RZ10D-swapped with IRD

Here is a potential setup on gbpaud..
Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 148 KB
  • #1,200
  • Nov 30, 2010 7:20am Nov 30, 2010 7:20am
RZ8E-swapped

on USDZAR with rates
Attached Image (click to enlarge)
Click to Enlarge Name: chart2.jpg Size: 167 KB
1 trader viewing now