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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)

  #1241 (permalink)
canunit
Buchach and Ternopol state
 
Posts: 63 since Sep 2016
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bloom View Post
Emotions Important but not)))
If we do not care buyer or seller and this is not Important for price movement as there no difference in volume than what Important?

Important is your profit or loss? And from this point everything starts? When you have a lose you must exit and it will help to move price futher in that direction. Other guys see it and exit also. So the speed will be faster

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  #1242 (permalink)
bloom
Russia
 
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canunit View Post
Important is your profit or loss? And from this point everything starts? When you have a lose you must exit and it will help to move price futher in that direction. Other guys see it and exit also. So the speed will be faster

Very close. What defines profit or loss you have?

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  #1243 (permalink)
canunit
Buchach and Ternopol state
 
Posts: 63 since Sep 2016
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The point where I entered? Or speed of the price movement in my way or against me?

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  #1244 (permalink)
bloom
Russia
 
Posts: 473 since Apr 2011
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canunit View Post
The point where I entered? Or speed of the price movement in my way or against me?

Price movement and situation. Price movement AFTER you enter.
And how market behave AFTER you enter.
Based on that you have a list of decisions. Cover, partly cover, add, reduce stop loss value and others

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  #1245 (permalink)
canunit
Buchach and Ternopol state
 
Posts: 63 since Sep 2016
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when to add and what are others?

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  #1246 (permalink)
 roadahead 
Dubai UAE
 
Experience: Beginner
Platform: NinjaTrader
Trading: Emini ES
Posts: 60 since Jul 2017
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@bloom,

Just to make sure I'm getting it right: when you say buy/sell is irrelevant, it obviously means we only care about price reaction to that volume. Is that correct? If yes, isn't it usually late to react? Somehow we have to place our bet before any movement starts. Or are we talking about reaction in DOM (increased limits, pulled orders etc.)? Confused here.

1. Am I correct that monochrome tape reading works only with DOM? Otherwise it seems we can get only "speed of tape" information.
2. When we talk about "Lure" effect, is it mostly used to deceive other Pros rather than a crowd (since few people are really watching the Order book)?
3. When you say about the context, can you give some brief push in the right direction here? Up to what extent/time you consider it so to speak... For example context could be what happend 1 hour back, but you won't see that on the DOM/tape (but you already forgot what was happening 1 hour back, too much time and action has passed since then).
I think this question corresponds with the initial one.

Thanks!

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  #1247 (permalink)
bloom
Russia
 
Posts: 473 since Apr 2011
Thanks Given: 47
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roadahead View Post
@bloom,

Just to make sure I'm getting it right: when you say buy/sell is irrelevant, it obviously means we only care about price reaction to that volume. Is that correct? If yes, isn't it usually late to react? Somehow we have to place our bet before any movement starts. Or are we talking about reaction in DOM (increased limits, pulled orders etc.)? Confused here.

1. Am I correct that monochrome tape reading works only with DOM? Otherwise it seems we can get only "speed of tape" information.
2. When we talk about "Lure" effect, is it mostly used to deceive other Pros rather than a crowd (since few people are really watching the Order book)?
3. When you say about the context, can you give some brief push in the right direction here? Up to what extent/time you consider it so to speak... For example context could be what happend 1 hour back, but you won't see that on the DOM/tape (but you already forgot what was happening 1 hour back, too much time and action has passed since then).
I think this question corresponds with the initial one.

Thanks!

1. No. OHLC and swings are usefull too
2. Yes
3. OHLC and conjuncture - watch my vids. What happened 1 hour back so much matters as what happens yesterday.
Example today and yesterday at ES

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  #1248 (permalink)
canunit
Buchach and Ternopol state
 
Posts: 63 since Sep 2016
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Thanks Received: 3

From your twitter

bloom View Post
Ok entry.Wrong context-was against your trade. Than cntxt against do scalp very fast. Buyers cant hold retreat to open forget long.


bloom View Post
Not knowing conjucture provides you shit retreat entries

Could you explain about contexts and conjucture with examples?

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  #1249 (permalink)
bloom
Russia
 
Posts: 473 since Apr 2011
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canunit View Post
From your twitter


Could you explain about contexts and conjucture with examples?


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  #1250 (permalink)
 bomberone1 
London
 
Experience: Beginner
Platform: MultiCharts
Posts: 277 since Nov 2010
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What are the name of indicators plot into charts?

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