Dominos Price and order flow trading

[balzalegim]

For anyone interested in much more visual explaination of market microstructure
Inserted Video

[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=BabeFX;3622896]

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?