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Tape is my shape (tape reading, time and sales)
Started: by bloom Views / Replies:180,179 / 1,003
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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)
Elite Member
SF Bay Area + CA/US
 
Futures Experience: None
Platform: Tradestation, Ninja
Favorite Futures: ES & Equities
 
paps's Avatar
 
Posts: 1,231 since Oct 2011
Thanks: 1,656 given, 917 received


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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The following user says Thank You to paps for this post:
 
  #1003 (permalink)
Elite Member
SF Bay Area + CA/US
 
Futures Experience: None
Platform: Tradestation, Ninja
Favorite Futures: ES & Equities
 
paps's Avatar
 
Posts: 1,231 since Oct 2011
Thanks: 1,656 given, 917 received




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
Thanks: 3 given, 0 received

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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