Dominos Price and order flow trading

[balzalegim]

For anyone interested in much more visual explaination of market microstructure
Inserted Video https://www.youtube.com/embed/rJqgrH2zroA?origin=https://www.forum.com

[clamalesly]

hit rate is not important its not about grinding odds. . I have to disagree with this. Not in the general sense, because all we want is to generate income. Working for a company (finance, bank or broker) is one thing, it does not matter your hit rate, you workout at the close of the year (or quarter) your results besed on PL. Your bonuses are in money, not in hitrate coins. Yes, you're right if speaking about professionals...

it is a different story when speaking about hitrate on a personal level, speaking to retail traders that have their own money on the line. They come to produce a living for themselves. In this case percent of winners things a lot in relation background. The need to be appropriate, is very important to the majority of individuals. For a few....it things a lot

[clamalesly]

the focus on the pending orders floating over or below the amounts that are close together and in large amount... The noticability along with high number of clusters in close proximity will probably produce the high quantity on breakout required to sustain a movement
....quoting simply because it seems to me that this went unnoticed...

[laynala]

Scotty is at it again....It all depends on what feeds you've. For each of our terminals we are becoming charged around 20k annually but we exchange bonds (nationally, sovranationals and corporate) and also have live feeds on related futures. Not all terminals are the same as the guy accross the room from me, who deals equities, isn't interested in our feeds but has his own necessities. You can't state you have talked to somebody or whatever or understand a guy and the cost is a quarter of that which domino said. It's dependent on the feeds domino requirements,... At it again? I am not making any personal attacks, simply asking questions man. So if you're paying 20K/year per terminal which breaks down to 1600/month/terminal. This goes along with what I was saying. I never said I knew it all, simply saying what I really do understand. That is why I asked pointed questions of Domino early in this thread. I was not arguing with him merely because I did not like what he was saying, with what I have learned, but because what he was saying did not add up. It's nothing personal.

[clamalesly]

EXample of good order flow. In SZ RZ. .
Compacted OF yes domino, perfect illustration of how a move down can obtain rate. Like a snowball turning into an avalanche by selecting up more snow on the way down...

but....

That you still have not gone into ways to get into the transactions. Just play with the breakout of the high/low and SL other facet of previous swing, but then you're showing a line chart, and we know a spike may take you out of all good trades.... Also, a spike can triggers the entry but on the line chart it might not be seen by us.

The concept is there, it's good and has been operating since the beginning of time....but we now need to address those issues which, I assume, are about the mind of the majority of people following this thread.

[magolas]

[quote=Scotty B;3622877]At it again? I'm not making any personal attacks, simply asking questions man. Therefore, if you're paying 20K/year per terminal which breaks down to 1600/month/terminal.


Hello Scotty B,

So what is 1600 X 7?


Regards,

[oxmlinbecemma]

The currency future data are accurate.

The delta bars show the internet amount from bid/ask contracts.

But you need to understand what's going on behind the scene and just how big the need was to overcame supply.

It is there where the big cash steps in and absorb all selling to push the price.

The only means to see it is with market thickness contract flow studying. Anyone have any experience trading E micro forex futures? If so how's the implementation given that the e micro is new on the scene and bandwidth may be an issue?

[clamalesly]

This goes along with what I had been saying. It does because those are my needs....it depends on what domino needs are. He might feeds. The 12.4k for 7 terminals functions out to 1.77 per terminal on average, and maybe not all have the same feed. . .maybe 1 terminal is costing 3.5litres per month. There's not any amount

[laynala]

[QUOTE= ;]At it again? I'm not making any personal attacks, simply asking questions man. Therefore, if you are paying 20K/year per terminal that breaks down to 1600/month/terminal.


Hello,

So what is 1600 X 7?


Regards,

BabeFX Not 12.4, unless you don't mind a $1200 accounting descrepancy. I am thinking along the lines of per terminal. Domino was talking about feeds. My question was asked of Domino BTW, why not let him answer it?

[Emoxel]

yes domino, perfect illustration of how a move down can obtain rate. Such as a snowball turning into an avalanche by selecting up more snow on the road down...

but....

That you still haven't gone into how to get into the transactions. Just play the breakout of this high/low and SL other facet of previous swing, but then you're showing a line chart, and we know a spike can take you out of good trades.... Additionally, a spike can triggers the entrance but on the line chart we may not see it.

That the concept is there, it's great and has been operating since the start... also, how are we supposed to be able to tell if the orders are flowing without the feed?

[balzalegim]

[QUOTE=;]
Not 12.4, if you don't don't obey a $1200 accounting descrepancy. I'm thinking along the lines of each terminal. Domino talked about feeds. My question was asked of Domino BTW, why not let him answer it?
It is dependent on feed your getting along with your needs every one of the terminals I presumed the lowest you could get was approximately 1K per terminal I had not been quoted 100 for a terminal. . .here they are the same setup and they have basically the installation. . We get everything but like one thing that is out unworthy and there. . I think there is one greater priced grade and its similar to 50-60 dollars more than what I purchase. . . So essentially im installation like terminal that is hedgefund shrewd. Really too much things to name. . I use perhaps 1/3 of it...

[balzalegim]

also, how are we supposed to be able to tell whether the orders are flowing with no data feed? Well price will generally have moved once the orders come in. . So youll see price movement and youll see the numbers in the same time. . Generally if you see block buying in price you dont want the DOM or LOB. . Start looking for block selling or buy runs and large gaps at price.

[Emoxel]

well price will generally have transferred once the orders come in. . So youll see price move and youll see the amounts at precisely the exact same moment. . Generally in the event that you see block buying in price you dont need the DOM or even LOB. . Search for block selling or buy gaps and runs at price. Thanks for the answer. Do you have a link to the information feed you're currently getting through bloomberg? In case it helps significantly to apply this notion, it would not be that bad of a subscription at all

[balzalegim]

yes, perfect illustration of how a move down can gain speed. Such as a snowball turning into an avalanche by selecting up more snow on the road down...

but....

That you still haven't gone into how to enter the trades. Just play with the breakout of this high/low and SL other facet of previous swing, but then you're demonstrating a line chart, and we understand a spike can take you from all good trades.... Also, a spike can triggers the entrance but on the line chart we may not see it.

That the idea is there, it's good and has been operating since the start... the past few trades have all been candlebased its easy to operate into Id say roll back and examine how I draw low to highs. . The longer I commerce in here it will be seen by the longer you men. . takes time

[balzalegim]

thanks for the reply. Have you got a link to the data feed you are receiving through bloomberg? If it helps significantly to apply this concept, it would not be that bad of a subscription whatsoever you need to call them dunno anyplace they got it listed. . Generally they are contacted by you and talk - . . And they theyll quote you a price and feed that is suitable for you.

[balzalegim]

I have to disagree with this. Not in the sense, because all we want is to generate income. Working for a company (fund, bank or broker) is 1 thing, it does not matter your hit rate, you work out at the end of the year (or quarter) your results besed on PL. Your bonuses are in cash, not in hitrate coins. Yes, you're right if speaking about professionals...

it's not the same story when speaking about hitrate on a personal level, speaking to retail traders who have their own cash on the line. They come into online trading to make a much better... yeah thats how I do it. . We simply do PnL/trades. . Figure out profitability of a trade per trader. . So if his setups begin to slip or it becomes profitable. . The profit per transaction on average will drop and well ch it MoM

I believe retail traders will need to understand statistics to hold to there systems they feel the need to grind up the market rather than simply select the very best setups and worry about controling risk and building the trade. . I feel if they concentrated more about controling and choosing and then figuring out whats the trade whats the trade the ideal entrance. . They would probably be profitable.

[clamalesly]

I feel if they focused more on figuring out exactly what the fantastic commerce whats the bad transaction then controling and picking the best entrance. . They would probably be profitable.
And also have a top hitrate, but Wouldn't care about it

[balzalegim]

Of course.

Is there a particular reason why you use the sticks (candle bodies) as the break out area? I'd have thought most traders would be putting ordes beyond the highs or lows.

Edit: seems like the EJ installation might be tripping. Generally if the wicks aren't long the break of their bodies is greatest... if the wicks are extended its very best to break the wick.

EJ needs to push against an area where supply will increase to pushing price down to the orders. There is no true resistance above the 125.20 for a little. .

[balzalegim]

and also have a high hitrate, but wouldn't care about it pretty much that I mean my strike rate is pretty good I think but that I dunno. . I mean than I do in the last couple trades ive posted its been timeframe. . I closed this EJ long Im preparing to post. . And that I have a AU long open. . Stop at BE. . We're like 95 percent within this thread so far if BE's are counted as winners. . So good hitrate is a byproduct of proper trade picking and decent risk:benefit is a byproduct of proper MM and security egies. Sounds are a byproduct of functionality. . But its the fact

[balzalegim]

Are you currently using Oanda? If you're able to afford 12 grand/month only for data you can surely afford to trade interbank lots. Oanda is a bucket store that pads interbank prices to make a spread, why not just plug into the interbank better pricing to be gained by yourself? At least a sizable ECN? Im doing this quite much to reveal trades and track stuff. . I dont trade these time frames in the store. . I trade higher time frames. . Across a larger spread of markets... oanda isn't actually a bucketshop they're quite a remarkable broker for exactly what they are. . I mean they're minimalistic retail broker. . They're pretty much what you expect of retail. . The little unit causes precision trading its quite nice. And whoever said that they pretty much automatically will fill you up to 10M the right they'll. . Ive heard theyll visit 13M until it causes problems.

[Emoxel]

you've got to call them I dunno anyplace they obtained it recorded. . Generally you contact them and talk - sell you stuff you dont. . Plus they theyll quote you a price and feed that is suitable for you. Thanks for the answer. For this egy we want the order flow information or would you advocate getting some other stuff?

[balzalegim]

im gonna take a moment to reorganize this thread make things easier
https://www.nigeriaforextrading.com/attachments/1518676011729889378.pdf