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Domino's Price and order flow trading

  • #1,321
  • Jul 27, 2011 6:33pm Jul 27, 2011 6:33pm
Quoting domino
usd/zar 685 rz9D-swapped non-gapped comming up probably tomorrow short rate only problem is they are still cutting

and CNY breaking highs with raising rates... this cycle is trending strong I would buy cny in segments as it drops

wow these trades have been majestic ... still holding the same stuff looking for new entrances show no signs of letting up...
  • #1,322
  • Jul 27, 2011 9:30pm Jul 27, 2011 9:30pm
Quoting domino
wow these trades have been majestic ... still holding the same stuff looking for new entrances show no signs of letting up...

Which broker offers USD/CNY?
  • #1,323
  • Jul 28, 2011 8:39am Jul 28, 2011 8:39am
Quoting havaiana
Which broker offers USD/CNY?

oanda offers it and IB offers it
  • #1,324
  • Aug 1, 2011 4:56pm Aug 1, 2011 4:56pm
Quoting domino
oanda offers it and IB offers it
would you feel comfortable with a $1b account with IB? or by that time would you be going through a pb?
  • #1,325
  • Aug 2, 2011 3:07pm Aug 2, 2011 3:07pm
Quoting rogerdoger
would you feel comfortable with a $1b account with IB? or by that time would you be going through a pb?
well you stretch them out over several accounts and brokers there is broker risk you still have to deal with anywhere but at 1billion you need to be somewhere else...
  • #1,326
  • Aug 2, 2011 3:10pm Aug 2, 2011 3:10pm
broke lows coming off the top kneckline cracked more risk aversion coming closed out only in those us denominated... transfering to cash and emerging market bonds to gain yield and growth..over next 3-4 months? maybe longer
  • #1,327
  • Aug 3, 2011 6:30pm Aug 3, 2011 6:30pm
Recently read all your posts, there's a wealth of info in them, thanks

Quoting domino
...more risk aversion coming ...
Given that you trade with the IRD, Does that mean you wouldn't make money in risk averse conditions? (if you were trading spot forex only)
  • #1,328
  • Aug 3, 2011 6:34pm Aug 3, 2011 6:34pm
Domino,

Would today be a good day to buy e/u on dips? Fundamentals considered it seems like it could be a home run....
Annoying Precision
  • #1,329
  • Aug 3, 2011 10:02pm Aug 3, 2011 10:02pm
Quoting erikte279
Domino,

Would today be a good day to buy e/u on dips? Fundamentals considered it seems like it could be a home run....
eu long would be good depends on the time frame its in a large triangle here I would deff wanna wait for a good break and then start buying on the way up in bursts whether thats on the dips or breaks is up to you but It could be a good trade over coming months.
  • #1,330
  • Aug 3, 2011 10:09pm Aug 3, 2011 10:09pm
Quoting havaiana
Recently read all your posts, there's a wealth of info in them, thanks



Given that you trade with the IRD, Does that mean you wouldn't make money in risk averse conditions? (if you were trading spot forex only)
well generally I found its best to play one side or the other long only or short only while trading and building into positions.. I simply say if your gonna short pick a narrow ird pair where you dont have to pay alot to short and build into your positions either way.

I would generally not make money in risk averse conditions because I would be on the sidelines waiting for better entrances... or fluctuating between bonds and emergent markets evaluating and waiting for better better yields
  • #1,331
  • Aug 4, 2011 1:45pm Aug 4, 2011 1:45pm
Quoting domino
broke lows coming off the top kneckline cracked more risk aversion coming closed out only in those us denominated... transfering to cash and emerging market bonds to gain yield and growth..over next 3-4 months? maybe longer
wow good lord wasnt expecting the flood gates to open like that...
  • #1,332
  • Aug 5, 2011 9:18am Aug 5, 2011 9:18am
as this all plays out and we get a good hit on the Dow remember that the lower this goes the better the reward:risk and efficiency on long positions with spiking yields.. a good way to find good opportunities is through a screener and search for yield look for positive growth strong balance sheets and history of raised dividend.. and price drop due to these freakout sessions its a good time to get into those 15+% div stocks but wait for wave confirmations like usual just keep them on watch list
  • #1,333
  • Aug 6, 2011 12:25am Aug 6, 2011 12:25am
Quoting domino
as this all plays out and we get a good hit on the Dow remember that the lower this goes the better the reward:risk and efficiency on long positions with spiking yields.. a good way to find good opportunities is through a screener and search for yield look for positive growth strong balance sheets and history of raised dividend.. and price drop due to these freakout sessions its a good time to get into those 15+% div stocks but wait for wave confirmations like usual just keep them on watch list
Thanks for the tip, looks like i need to start getting into stocks. Will wait a bit longer for the aftershock of the US downgrade, think for the most part it will be priced in though.

Thinking about some aussie banks, would have to just about be some of the safest banks in the western world right now and very good yields. My concern is that their deposit requirement is alot lower than other international banks
  • #1,334
  • Aug 8, 2011 3:23pm Aug 8, 2011 3:23pm
Quoting havaiana
Thanks for the tip, looks like i need to start getting into stocks. Will wait a bit longer for the aftershock of the US downgrade, think for the most part it will be priced in though.

Thinking about some aussie banks, would have to just about be some of the safest banks in the western world right now and very good yields. My concern is that their deposit requirement is alot lower than other international banks

ill be looking around 9k 8,5k to really wanna buy anything us yet.. aussy banks would be good just wait for the compression and buy when they start moving up canada is sweet too
  • #1,335
  • Aug 8, 2011 3:27pm Aug 8, 2011 3:27pm
Quoting domino
broke lows coming off the top kneckline cracked more risk aversion coming closed out only in those us denominated... transfering to cash and emerging market bonds to gain yield and growth..over next 3-4 months? maybe longer

look for the doors as we capitulate crisis drops dont last long couple of months usually on average so protect protect but we're doiing well if you moved with me
  • #1,336
  • Edited 7:52pm Sep 8, 2011 6:14pm | Edited 7:52pm
Hi Domino, been spending alot of time practicing these setups and going back over your posts, there is a situation i've been coming across alot that i have been wondering about, going back a bit here with the chart to find the right example...

In this trade it looks like you are trading into a gap without OF clusters directly below. I find these trades have a high failure rate as they don't generate enough momentum to penetrate the gap, but these reversals also generate some of the best moves.

Is this type of trade a setup you will always take according to your trading rules or a bit more discretionary? What makes it a valid trade? I would assume it's either one or a combination of;

-the IRD
-a high number of clusters further below the gap
-expectation of a lot of force on the initial break to propel the trade into the gap
-stops above the previous high are done
-the gap above the entry will act as resistance
-the combination of all of the above
-or something else i'm missing?

I understand i might be requesting a little to much info about how you trade here, so understand if you don't wish to answer
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  • #1,337
  • Sep 12, 2011 4:40pm Sep 12, 2011 4:40pm
Quoting havaiana
Hi Domino, been spending alot of time practicing these setups and going back over your posts, there is a situation i've been coming across alot that i have been wondering about, going back a bit here with the chart to find the right example...

In this trade it looks like you are trading into a gap without OF clusters directly below. I find these trades have a high failure rate as they don't generate enough momentum to penetrate the gap, but these reversals also generate some of the best moves.

Is this type of trade a setup you will always take...

sorry taking so long.. ill answer this when i get back tonight..

mean time .. suppression zone on euro/aud
  • #1,338
  • Edited 6:01pm Sep 13, 2011 5:42pm | Edited 6:01pm
Quoting domino
sorry taking so long.. ill answer this when i get back tonight..

mean time .. suppression zone on euro/aud
Thanks

lots of compression in AUD/JPY and AUD/USD going in to asia this morning. A break below 250 in AUD/USD could run for a bit a give a good price to look for longs after the dust settles.

One more question Domino regarding AUD:

"In the 12-month rate outlook, we see the market is now pricing in a 141 bps of rate cuts and it further fully expects at least a 25 bps rate cut at its next meeting" (this is just a quote from dailyfx, the market is factoring in about a 20% chance of a cut next meeting in my opinion)

Does this sort of stuff mean you would hold off on longs or keep chasing the yield?
  • #1,339
  • Sep 16, 2011 1:21pm Sep 16, 2011 1:21pm
Quoting domino
sorry taking so long.. ill answer this when i get back tonight..

mean time .. suppression zone on euro/aud

worked beautifully at 3440 there compression short against resistance with ird good play for risk aversion
  • #1,340
  • Sep 16, 2011 1:28pm Sep 16, 2011 1:28pm
Quoting havaiana
Hi Domino, been spending alot of time practicing these setups and going back over your posts, there is a situation i've been coming across alot that i have been wondering about, going back a bit here with the chart to find the right example...

In this trade it looks like you are trading into a gap without OF clusters directly below. I find these trades have a high failure rate as they don't generate enough momentum to penetrate the gap, but these reversals also generate some of the best moves.
this is the usd/mxn short with IRD.. the IRD on this trade is huge.. the bigger the IRD the stronger the trend generally.. so the gap isnt a huge deal when you rank it with the obviousness of the area.. when we rank we rank the zone.. resistance zone - 10 reactions to the zone- orderflow buildup - and whether it has swapped the zone.. this thing is forming a triangle here against the resistance zone.. its a high reaction zone - gapped orderflow - swapped zone.. with a triangle break on a high timeframe.. on a huge ird pair.. thats why we took it.. it had enough going for it the gap once cracked becomes a great new resistance and protection point for our trade...
Quote
Is this type of trade a setup you will always take according to your trading rules or a bit more discretionary? What makes it a valid trade? I would assume it's either one or a combination of;

-the IRD
-a high number of clusters further below the gap
-expectation of a lot of force on the initial break to propel the trade into the gap
-stops above the previous high are done
-the gap above the entry will act as resistance
-the combination of all of the above
-or something else i'm missing?
yes the ird is huge.. there are clusters below the gap which is good.. stops up top are blown out and buyers are scared.. the gap will act as new resistance.. and its an extremely obvious spot.
Quote
I understand i might be requesting a little to much info about how you trade here, so understand if you don't wish to answer

hope that answers it all

-dom
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