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

  #1001 (permalink)
Trading Apprentice
pune maharashtra/india
 
Futures Experience: None
Platform: takion
Favorite Futures: equity
 
Posts: 10 since Sep 2016
Thanks: 3 given, 1 received


bloom View Post
Hello from Russia. Say thank you Google translator for meaning. I myself with the English at the dog. Woof woof.
In any case, glad to share experience with overseas counterparts. If you like the post, do not bother, write a response.
Your Alex.

In this topic I want to talk about the tape prints. If there is to say, welcome)))


On the color tape you see, in addition to warrants themselves and their speed, their direction. Have a warrant for BID or they were on ASK. This additional information can you shoot down and confused at first. Therefore, to start learning tapes look better monochrome prints.
Also for the beginning of the study tapes do not need to look at the limit orders. All you need is to look at the tape. Only one tape, and nothing more.
When you look monochrome ribbon, you will see how it behaves in important places and important prices. Important price is such a mark as HLOC previous few days, gaps, HLOC the current day. When the market comes to these marks, carefully watch the tape.
What did you see on it? Since the tape is one-color, you will not see if there were warrants for ASK or BID. Everything you see is the size of orders, and whether they are dense flow, compressed in time. There will also be visible to the tape speed. Whether it moves quickly and, consequently, there is a large flow of orders, and good volume. Or whether it moves slowly and in spurts, with pauses, which means that large order flow is not tight, and that low volume.

Important information given location and price, on which there are large prints. Depending on the context of prints will mean different things in different situations. Typically, the large value have large prints in the upper and lower price points.
For example, if there was a strong upward movement, and there are large prints at the top, then there is a high probability of rollback, and then roll back large prints at the top to mention the continuation of the movement. Same is true for downward movement. These situations a lot and need to know these laws. The same prints in different situations will mean different things.

Remains unchanged a universal mechanism or a chain, we need to work out. It prints and market reaction to them. Depending on the response we make a trade. Nothing else.
At the heart of any mining reactions are a few items.
The first and most important is the large prints, without which we can not begin to act at all.
The second element is the reaction itself, which may consist of both the pros and public reaction, and just from the reaction of the public. When the reaction of profies and the public, then you will see large and small prints together in most cases. When the reaction of the public, then you'll see in most cases, only small prints. Typically, the reaction is mixed, as many participants, but it can be classified by the share of large and small prints. If there are small, the reaction of public. And vice versa.
Reactions may be strengths and weaknesses. It is easiest to make money on a strong reaction. Strong reaction is accompanied by rapid ribbon and a large contract.




hey bloom i m new in the market i trade equity mid vol stocks i try to understand tape and make a trade but i am not making profit just as i want to also i am not that confident so please tell me about tape reading?
1. what is the tape reading technique you used mans how can you decide to look at the bid offer and prints to get long or short?
2. how can you know the trend is in continuous or change ? & when you take position in that
3. when you get out off the trade/..?

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  #1002 (permalink)
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SF Bay Area + CA/US
 
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Platform: Tradestation, Ninja
Favorite Futures: ES & Equities
 
paps's Avatar
 
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bloom View Post
Ok. Guys. Let's do the following. If you want to really understand. Then you have to help each other. Work.
I have given you good tips, even the direction in which there is work. Let's pile up material and will analyze it together. Can we find something new and exciting)))
Watch the tape on the critical levels and share screens tape during the tests of these prices with the description of the situation. Can you handle it?

hey there @bloom i came across this thread as it was listed in this years awards which are currently being voted on. Am stumped how come I missed this thread after being on FIO for so many years. Anyways am ready for OF/Tape and will post various examples for comments/sharing if you are here.

I must commend you on starting this thread. I think this is one of the most fantastic & finest threads if someone really says they want to learn Tape reading. I also admire your enthusiasm to have helped others as you painstakingly made many examples & comments inspite of you using a translation and not english as the native language. Must all say thanks to many who contributed here & especially to @DionysusToast @adamov @pbylina who commented on various post

The last post I saw from you @bloom on the forums is here https://futures.io/vendors-product-reviews/39549-looking-mentor.html#post576103

Am wondering if you are willing to come back to this thread & post. I can understand if you are busy. If you have a skpye group or something let me know will join in. I tape read and would rather post here. Cheers and wishes

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  #1003 (permalink)
Elite Member
SF Bay Area + CA/US
 
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Favorite Futures: ES & Equities
 
paps's Avatar
 
Posts: 1,380 since Oct 2011
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And in this thread @ this place ....seems one of our Fav tools were added.....

have read much more of this thread....is a Wow!!....but thought should come back n comment..... hmmm

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  #1004 (permalink)
Trading Apprentice
Kazan Russia
 
Futures Experience: Beginner
Platform: Ninja Trader
Favorite Futures: Gold GC, Emini ES
 
Posts: 4 since Dec 2016
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Also for voting across on this subject. Need to upload videos or screenshots of the trade and issues. Maybe Alex will appear and will help us to parse errors.

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  #1005 (permalink)
Trading for Profit
Russia
 
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Posts: 288 since Apr 2011
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paps View Post
hey there @bloom i came across this thread as it was listed in this years awards which are currently being voted on. Am stumped how come I missed this thread after being on FIO for so many years. Anyways am ready for OF/Tape and will post various examples for comments/sharing if you are here.

I must commend you on starting this thread. I think this is one of the most fantastic & finest threads if someone really says they want to learn Tape reading. I also admire your enthusiasm to have helped others as you painstakingly made many examples & comments inspite of you using a translation and not english as the native language. Must all say thanks to many who contributed here & especially to @DionysusToast @adamov @pbylina who commented on various post

The last post I saw from you @bloom on the forums is here https://futures.io/vendors-product-reviews/39549-looking-mentor.html#post576103

Am wondering if you are willing to come back to this thread & post. I can understand if you are busy. If you have a skpye group or something let me know will join in. I tape read and would rather post here. Cheers and wishes

Why not dude )))
I have more now to share EVEN MORE ))


Last edited by bloom; July 4th, 2017 at 09:52 AM.
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  #1006 (permalink)
Trading for Profit
Russia
 
Futures Experience: Master
Platform: NinjaTrader, Tradestation
Favorite Futures: ES
 
Posts: 288 since Apr 2011
Thanks: 41 given, 375 received


paps View Post
And in this thread @ this place ....seems one of our Fav tools were added.....

have read much more of this thread....is a Wow!!....but thought should come back n comment..... hmmm

ok. You are selling top of the day or nearby - if you do this against trending higher market than you need to do scalp only.
But it was better to take long 72 00 - 72 50 after BID steped in

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  #1007 (permalink)
Trading for Profit
Russia
 
Futures Experience: Master
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Favorite Futures: ES
 
Posts: 288 since Apr 2011
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What you need to become successfull profitable trader

Hello guys!
With this topic i am opening the new ERA of Tape is my Shape. I hope i will have a wish and will to write here more and more - everything depends on you guys. I will explain the psychology of loser and why do you lose and from thos place we will be able to predict actions of other losers. Because we need to be honest - your profits is there another guys losses.

At first place, I need to talk about the levels of competence. The first level of competence is unconsciousness incompetence. The things that you do not even have a clue about, in what it takes and what you have to learn, to become successful in some area, define this level. The same with trading guys!
When you start, you even do not know how to install your trading software, how to place charts, how to open different windows, and how to execute your trades. Nor which direction to enter, how to enter, or even where or when to enter! You have thousands of questions and no answers to any of them on your own. Therefore, you start to seek experienced guys in these areas, as well as reading some books along the way. But the bad thing is those guys whom are successful at trading do not talk, and just keep on silently making money. The same thing about the books you read. Books are written by humans, we as human beings have different points of view, and sometimes these views are wrong. Sometimes they are correct!
But no one can stop us from thinking our point of view is correct. So it is the same even in a market. No one can stop you from being a loser, being inconsistent, and not becoming a profitable trader. Or to write a book about how to be a successful trader, OK? Because back in the 90's and 80's when all those books were written, we could not see those guys who wrote those books, or how they can do their real trading. All we can do is to listen to how they tell us... "I am successful", "I am a great trader", “I made millions of dollars”. Moreover, me too can say these same things to you and say "Ha! I am a million dollar trader", "I am a great teacher and you must follow what I am saying".
For now, we have internet, YouTube, and some other things. So you can say to me, "Hey Alex, if you are saying you are so successful then prove it! » "Show me how you do in the Real market ok!" And all those books you are reading, they were written back in the late 1900's, maybe after 2000. But those books have no proof that they are successful. Ok guys so you must understand, that the many misconceptions, and misbeliefs have been planted into your mind, and this makes you unsuccessful or an inconsistent trader. And you will still believe those things. To understand how those things work, please answer me one question... All of us have seen the TV show Teenage Mutant Ninja Turtles. "What can you say about Splinter?" He is a wise old great master, and a teacher. Yes? But tell me guys, if you are a great master or a great teacher, and you have wisdom. Would there exist any reason you would live your life beside some garbage, nearby some waste, or near sewerage? Will you be as a master and live in those circumstances? No fucking way! But, all of us, maybe everyone thinks that Splinter is a great teacher, a man of wisdom. This is because this belief was planted in your mind when you were a kid. When you had no critical factor, when you had none of the world’s words in your mind. You were not the skeptical man, you had no skepticism within your mind where you would say, "Hey Splinter if you are so awesome, why do you live nearby the sewerage, where from much again it creates from you such a creature?" Ok, so the thing with all those trading books is the same. Once you accepted them without skepticism you are here.
So, it is good to be an unconscious-incompetent guy, but it is not very good to think you are consciousness-incompetent, or consciousness-competent, and then think you are competent with those misbeliefs; the myths which were planted in your mind from those books. So in order to become a successful trader, you need first to become competent. And to become competent you need to become a consciousness about your beliefs. Because your beliefs may be wrong, and those beliefs make you unsuccessful. This then makes it impossible for you to be a successful trader. Therefore, you need to throw all the shit beliefs from your mind, and to create new things. This what I would do for you. This is why we will talk about trading infrastructure and how it helps throughout your trading career.
The second level is consciousness-incompetence. So right now, all of us, even the traders who believe they are competent, have some understanding. Some of your beliefs may not be very clear, and not even close to the reality of the market. And this is why you are not very profitable, or not a very stable trader. Ok? Now all of us have consciousness-incompetence, so we know that we are incompetent. From this level of incompetence, we are able to ask more experienced guys, what do I need for successful trading? Not for just trading, but for successful trading! The successful guy who is successful in trading can say to you... "Man, you need understanding of trading infrastructure." So here, we get close to the trading infrastructure topic, and we will talk in depth about this trading infrastructure.
Now we at last can talk about trading infrastructure, and to better understand this you must understand what that infrastructure is. The infrastructure is something that connects together the technological solutions in our everyday lives. Much of the infrastructure is abstract, we do not feel it, and we only use it! Infrastructure is a link between the elements of the system. This is the key guys! Elements of the system: Successful trading is the system that consists of many different elements. Every single element must be known by the successful trader very well, so he can have a possibility to be a successful trader.
Alright? If you do not understand this, listen a second time! Elements of the trading systems creates a system that makes you a successful trader. And all those elements MUST be well known so you can have a possibility to be a successful trader. Without knowing which elements creates the successful trader system then you have no chance guys. No chance! Therefore, if this infrastructure does not exist in your mind, and you do not even know in which direction to go, you again have no chance to be a successful trader. Only LUCKY guys can achieve this goal!

If you want continuation i want the activity in this awesome thread so my little ponies - I NEED REPLYES and as i GOT 10 replyes from 10 users i will continue. I am dirty bastard ))))
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Last edited by bloom; July 4th, 2017 at 10:12 AM.
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  #1008 (permalink)
Trading Apprentice
madurai
 
Futures Experience: Beginner
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Sir pls continue this thread may be others understand your concept very well. so pls continue this thread for begineers . sir pls cover some more basics of tapereading

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  #1009 (permalink)
Trading for Profit
Russia
 
Futures Experience: Master
Platform: NinjaTrader, Tradestation
Favorite Futures: ES
 
Posts: 288 since Apr 2011
Thanks: 41 given, 375 received

TRADING MISTAKES

All right guys! Today’s topic is about trading mistakes you are making, and how to solve your behavioral patterns that make you make those mistakes.
The common misunderstanding of your mistakes in trading lay in different areas.
One of those areas is that you do not even experienced enough to understand that you are making mistakes.
Alternatively, maybe you have some belief about some sort of behavior that you think is a mistake, but it is not. Because you are incompetent!
However, another area of the problems is actually the problem itself. For example, you may jump too soon in the market; you may experience the fear of how to enter the market or staying out of trades.
You may experience some tilt. You can make too much overtrading or may have toxic trading.

The problem itself has different levels of existing in your conscious mind.

1. The simplest form of existence of the behavioral pattern or problem is behavior itself!
This is like being a 'newbie', than you do not know which behavior is correct, what is wrong, what is right to do in the market.
You may experience those behavioral patterns, ok.
But, once you know the proper behavior in the market, you become free of those behavioral patterns, you can start to behave yourself in the correct way.
We can solve problems that lies only on the behavioral patterns level just by changing our behavior.

2. However, behavioral patterns are may be the consequences of what you have underneath those behavioral patterns.
Just start to analyze why do I did this. Which positive reasons exist I do this? Because every behavioral pattern is like a survival thing for you!
The brain starts this pattern repeatedly because somewhere, sometime, somehow, this pattern was successful and it helped you to survive or succeed.
So the brain takes this successful pattern and starts to repeat it.
Therefore, you have underneath this behavioral pattern some sort of belief that makes you do this, this is another level of the existence of this problem.
And you need to solve those belief things to solve this problem. Once your beliefs are changed, you no longer have the problem! Therefore, you will no longer have those problems that limits your success.

3. However, there exists an even deeper layer of the problem. This is the layer of your sub-consciousness, the emotional level.
The level of you valuing yourself as a human being. On this level you may have a program that you did not know existed in your mind, but this program leads you to fail... it is like a self-sabotage!
This program uses beliefs to start those behavioral patterns.
This problem lies so deep in sub-consciousness mind so you cannot get access to this program.

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