NexusFi: Find Your Edge


Home Menu

 





Tape is my shape (tape reading, time and sales)


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one bloom with 463 posts (571 thanks)
    2. looks_two pbylina with 193 posts (70 thanks)
    3. looks_3 Jigsaw Trading with 108 posts (183 thanks)
    4. looks_4 snusnufreak with 96 posts (48 thanks)
      Best Posters
    1. looks_one Jigsaw Trading with 1.7 thanks per post
    2. looks_two bloom with 1.2 thanks per post
    3. looks_3 snusnufreak with 0.5 thanks per post
    4. looks_4 pbylina with 0.4 thanks per post
    1. trending_up 819,503 views
    2. thumb_up 1,142 thanks given
    3. group 265 followers
    1. forum 1,378 posts
    2. attach_file 287 attachments




 
Search this Thread

Tape is my shape (tape reading, time and sales)

  #21 (permalink)
bloom
Russia
 
Posts: 473 since Apr 2011
Thanks Given: 47
Thanks Received: 591


pbylina View Post
Why does it matter if its a 1000 lot or 50 - 20 lots? Its still 1000 contracts at that price either way. In Investor RT theres an option to aggregate all similar ticks at that price. So if there were 50 - 20 lots it would show 1000 at that price.

If you see a price level they took the offer 20 different traders, which generally amounted to 1000 contracts. And if you see a bunch of prints at the same time, it means that one big trader stands opposed to 20 small. This is changing something for you ?
It's just a chance, but it gives something .

Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
Better Renko Gaps
The Elite Circle
Futures True Range Report
The Elite Circle
Are there any eval firms that allow you to sink to your …
Traders Hideout
Deepmoney LLM
Elite Quantitative GenAI/LLM
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
39 thanks
Battlestations: Show us your trading desks!
26 thanks
NexusFi site changelog and issues/problem reporting
25 thanks
The Program
17 thanks
  #22 (permalink)
 pbylina 
Chicago, IL
 
Experience: None
Platform: NinjaTrader
Trading: Euro
Posts: 212 since Nov 2010
Thanks Given: 158
Thanks Received: 72


bloom View Post
39061
as I promised. Screenshots today day.GAP soon take.

On the Tape, the red is selling, and the green is buying? Or, the red are trades at the ASK and green are trades at the BID?

What are you looking for on the DOM? Is it better to trade DOM and T&S(TAPE) together?

Reply With Quote
Thanked by:
  #23 (permalink)
bloom
Russia
 
Posts: 473 since Apr 2011
Thanks Given: 47
Thanks Received: 591


done for today. Get out too early

Reply With Quote
  #24 (permalink)
bloom
Russia
 
Posts: 473 since Apr 2011
Thanks Given: 47
Thanks Received: 591


pbylina View Post
On the Tape, the red is selling, and the green is buying? Or, the red are trades at the ASK and green are trades at the BID?

What are you looking for on the DOM? Is it better to trade DOM and T&S(TAPE) together?

TAPE and LEVEL 2
Red and green. You dont need to look it in the begining.

Reply With Quote
Thanked by:
  #25 (permalink)
 pbylina 
Chicago, IL
 
Experience: None
Platform: NinjaTrader
Trading: Euro
Posts: 212 since Nov 2010
Thanks Given: 158
Thanks Received: 72


bloom View Post
done for today. Get out too early
Attachment 39068

By the big prints that im seeing I would guess it would be a good Short, yea? Of course it would be easier to predict if it was moving.

Reply With Quote
Thanked by:
  #26 (permalink)
 pbylina 
Chicago, IL
 
Experience: None
Platform: NinjaTrader
Trading: Euro
Posts: 212 since Nov 2010
Thanks Given: 158
Thanks Received: 72

Can you make a video?

Reply With Quote
Thanked by:
  #27 (permalink)
bloom
Russia
 
Posts: 473 since Apr 2011
Thanks Given: 47
Thanks Received: 591


pbylina View Post
By the big prints that im seeing I would guess it would be a good Short, yea? Of course it would be easier to predict if it was moving.

large prints on the BID indicate that someone is selling well, and that somebody buys on the BID, well too. Let's say today was a 1312 print by BID large. It showed that there is a buyer. Then, on a test 1312, large prints on the BID was not enough. This suggests that the seller has become non-aggressive. You can enter Long with good support BID limit and place your stop right behind them
you must wait until the end of aggression. And it shows itself in the decrease of the number of large prints by the fact that increasing the number of limit orders on the Bid.

Reply With Quote
Thanked by:
  #28 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,396 since Jun 2009
Thanks Given: 33,172
Thanks Received: 101,533

All / @bloom:



The Big Mike Challenge #2 starts in June and is about Teaching Trading Methods. If you wish to participate, please read the above link.

The prize is an iPad 2.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #29 (permalink)
 
Jigsaw Trading's Avatar
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
 
Posts: 2,988 since Nov 2010
Thanks Given: 831
Thanks Received: 10,393


pbylina View Post
Why does it matter if its a 1000 lot or 50 - 20 lots? Its still 1000 contracts at that price either way. In Investor RT theres an option to aggregate all similar ticks at that price. So if there were 50 - 20 lots it would show 1000 at that price.

OK - let's say you see the following occuring:

High of the day.

3000 x 1 lot buy orders streaming through on the tape
3 x 1000 lot sell orders streaming through on the tape

Small retail traders buying, large institutional traders selling.

Whose side would you want to be on?

Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #30 (permalink)
bloom
Russia
 
Posts: 473 since Apr 2011
Thanks Given: 47
Thanks Received: 591



DionysusToast View Post
OK - let's say you see the following occuring:

High of the day.

3000 x 1 lot buy orders streaming through on the tape
3 x 1000 lot sell orders streaming through on the tape

Small retail traders buying, large institutional traders selling.

Whose side would you want to be on?

i dont know who of them institutional and retail. I can only gess through size of the orders. Many retail traders have 3000 contracts to buy or sell? Dont think so

"3000 x 1 lot buy orders streaming through on the tape"


Okay. Buyer aggressor, moving the price up. Print for ASK 3000 shows that a buyer is large , but also print said that on the ASK are limit orders in 3000, which indicates that the seller is also a tough guy.

"3 x 1000 lot sell orders streaming through on the tape"

This situation shows that the bid were 3 different limit order for 1000 contracts, and the seller hits the market order for the Bid. This shows that he is determined to aggressively ..
As a result, we have a strong seller, which is filled to the ask, he strikes a strong BID contracts. Against him is a strong buyer.

While the advantage to the seller.
But.
Need to wait until one of the parties will cease to show aggression or become more aggressive.
The situation that you describe, it you have to wait.

If the high of the day will not take, when the price will come to test high of the day, and I'll see a weakening of aggression buyer, with a limit order sellers will be there and will continue to increase. That's when I go to the seller.


If the high of the day will take, when the price will come to test the breakdown, and I see the weakening of the aggression, the seller or the buyer increased aggression, while there will be good limit on the bid, then I will go Long.
And yes, happen to be anything, so I do not fluttering like "What if the Seller will begin to sell, or the buyer is begin buying"
Then, take a loss. Maximum of 1.5 points on the ES

Reply With Quote




Last Updated on November 11, 2020


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts