NexusFi: Find Your Edge


Home Menu

 





My Thesis on Tape Reading


Discussion in Emini and Emicro Index

Updated
      Top Posters
    1. looks_one FesxEurex with 10 posts (10 thanks)
    2. looks_two ValueFocused with 6 posts (2 thanks)
    3. looks_3 Silvester17 with 5 posts (23 thanks)
    4. looks_4 Big Mike with 4 posts (4 thanks)
      Best Posters
    1. looks_one Orion with 15 thanks per post
    2. looks_two Silvester17 with 4.6 thanks per post
    3. looks_3 FesxEurex with 1 thanks per post
    4. looks_4 Big Mike with 1 thanks per post
    1. trending_up 26,639 views
    2. thumb_up 83 thanks given
    3. group 35 followers
    1. forum 43 posts
    2. attach_file 3 attachments




 
Search this Thread

My Thesis on Tape Reading

  #21 (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: 50,392 since Jun 2009
Thanks Given: 33,170
Thanks Received: 101,529


Silvester17 View Post

What DOM is that?

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:

Can you help answer these questions
from other members on NexusFi?
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
Exit Strategy
NinjaTrader
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
Futures True Range Report
The Elite Circle
 

  #22 (permalink)
 RichardHK 
Hong Kong
 
Experience: Intermediate
Platform: NinjaTrader, TWS
Broker: IB/Kinetick
Trading: ES
Posts: 236 since Jan 2012
Thanks Given: 132
Thanks Received: 340


krazyanyway View Post
... ... I also like the idea of delta (split into segments) to help form an idea of general market bias.

+100 on that one.

I have been chasing my hard-working order flow tool supplier for such a display from the tape stream!

Richard
Hong Kong
Reply With Quote
  #23 (permalink)
 
Silvester17's Avatar
 Silvester17 
Columbus, OH
Market Wizard
 
Experience: None
Platform: NT 8, TOS
Trading: ES
Posts: 3,603 since Aug 2009
Thanks Given: 5,139
Thanks Received: 11,527



Big Mike View Post
What DOM is that?

Mike

it's called 9G. and it's written by @1LotTrader

Reply With Quote
  #24 (permalink)
 
lolu's Avatar
 lolu 
Lagos, Nigeria
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader, SierraChart
Trading: Euro Currency & Oil
Frequency: Daily
Duration: Hours
Posts: 2,552 since Jun 2009
Thanks Given: 1,049
Thanks Received: 1,678


Silvester17 View Post
it's called 9G. and it's written by @1LotTrader

Is 9G available on futures.io (formerly BMT) ? If Yes, please provide the link(s). On the other hand, if it is not available on futures.io (formerly BMT), could you also please provide the link(s) to 9G ?

Lolu

Visit my NexusFi Trade Journal Reply With Quote
  #25 (permalink)
 
Silvester17's Avatar
 Silvester17 
Columbus, OH
Market Wizard
 
Experience: None
Platform: NT 8, TOS
Trading: ES
Posts: 3,603 since Aug 2009
Thanks Given: 5,139
Thanks Received: 11,527


lolu View Post
Is 9G available on futures.io (formerly BMT) ? If Yes, please provide the link(s). On the other hand, if it is not available on futures.io (formerly BMT), could you also please provide the link(s) to 9G ?

Lolu

@lolu,

no it's not available here. external link: 9G Community

please keep in mind it's fresh out of beta

Reply With Quote
  #26 (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: 50,392 since Jun 2009
Thanks Given: 33,170
Thanks Received: 101,529


Silvester17 View Post
@lolu,

no it's not available here. external link: 9G Community

please keep in mind it's fresh out of beta

Hi guys, since it is a commercial product please use the Vendor Review section of the forum to ask any follow up questions (create a thread there if needed).

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:
  #27 (permalink)
 ValueFocused 
Chicago, Illinois
 
Experience: Advanced
Platform: NinjaTrader
Trading: ES, YM
Posts: 60 since Jan 2011
Thanks Given: 2
Thanks Received: 103


trendisyourfriend View Post
The guy at Rancho DInero did a study about the tape size.

Conclusion: It’s still a big win for the little trade. Small lots at high frequency move the ES. 1 – 4 lots dominate the trade. The most frequent big-lot trade could only muster an measly quarter of a percentage of the total trades.

Rancho Dinero | Tick by Tick Volume Analysis ? Parts 1 & 2

Between advanced order entry (icebergs, etc) and the CME's current way of reporting data, that study is nearly useless. If somebody is putting on size, they don't just click into it. In fact, doing that with really large orders can get you into trouble with the law, since you are supposed to trade in a non-disruptive, non-manipulative way.

When there is broad participation, you know it. The pace of orders increases, volume increases, movement increases. There is a higher chance of a directional move when volume steps up materially intraday. It's not rocket science. I used to worry about what X group of traders who REALLY know the markets was doing. Then I started to try to figure "them" out. Then I started blaming "them" if a trade didn't work. All counterproductive.

Reply With Quote
Thanked by:
  #28 (permalink)
 FesxEurex 
London UK
 
Experience: Intermediate
Platform: CTS T4, IRT, IQFeed
Trading: E-Mini S&P, 6E, FESX
Posts: 22 since Jun 2013
Thanks Given: 5
Thanks Received: 11

Hello Everybody!


I saw this while reviewing and puzzled.

Date 8th Nov 2013
Time 08:25:38:633 AM
What happened - Price was flipped 3 ticks(.25 increment) levels in ES 5 mins before Cash Open.
Why is its significant- Can someone control 3 levels in E-Mini S&P. Not a single opposite order was present.

Good Luck Trading


Reply With Quote
  #29 (permalink)
 ValueFocused 
Chicago, Illinois
 
Experience: Advanced
Platform: NinjaTrader
Trading: ES, YM
Posts: 60 since Jan 2011
Thanks Given: 2
Thanks Received: 103


FesxEurex View Post
What happened - Price was flipped 3 ticks(.25 increment) levels in ES 5 mins before Cash Open.
Why is its significant- Can someone control 3 levels in E-Mini S&P. Not a single opposite order was present.

Why do you think this denotes "control" of these levels?

Reply With Quote
  #30 (permalink)
 FesxEurex 
London UK
 
Experience: Intermediate
Platform: CTS T4, IRT, IQFeed
Trading: E-Mini S&P, 6E, FESX
Posts: 22 since Jun 2013
Thanks Given: 5
Thanks Received: 11


Good that you mention it.

As offers were pulled 1000 lots lifted whatever was at offer at 1744.50. See the change in Histogram. So it tells me that Spoofing algos pulled the orders so as to get a fill. Also 1743.25 was cash open on that day and it never went below it.

I find them(spoofers) at the inside bid ask but what amazed me that not one of the competitive spoofing algo was in market at inside offer or 2 levels of it.

Somewhere in this thread ive posted a link from ZH about an audit done on E-Mini S&P data from CME servers that states that how one particular firm have 2 HFTs in E-Mini S&P and you can guess what 2 HFTs can do. Buy Sell to themselves is one way of looking at it.

Their is lot of myth circulating from HFTs about only capturing the bid ask and not being present in volatile market and you should not worry about them but if you watch DOM then you will find these patterns which can tell you the signature of them in market and can gain from it immensely.

This is the proof of them making a ton of money by being the king market maker of product they are trading.

Good Luck Trading

Reply With Quote
Thanked by:





Last Updated on January 1, 2014


© 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