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Tape is my shape (tape reading, time and sales)
Started: by bloom Views / Replies:184,313 / 1,003
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Tape is my shape (tape reading, time and sales)

  #151 (permalink)
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pbylina View Post
привет! I'm back from resting my brain. I really needed it.

I have noticed this from looking at COT charts:
1) Large Speculators try to follow the market trend exactly. (Easy to see on Euro Chart)
2) Commercials move exact opposite of the Large Speculators.
3) Crude Oil, Corn and even Euro, the small speculators are in the middle in between Large speculators and Commercials.
4) On Canadian Dollar and the Swiss Franc the Large and Small speculators are moving together.

That is why you must understand each party of the market. The motivation of each of them. Those who took profits then you was short. They are was speculators scalpers of small timeframe. And they are profesionals too. Why they took profits? Answer lies in motivation and how they see market.
In general and in a big TF euro is going down. It need to test important levels of support to find byers who will pull it higher, because sellers want theirs profits and will became less and less agressive with each movement down.
Before you start to learn COT you need to learn how to jump in the right moment using a tape, how to jump with a minimal risk. COT is a next step. Do not hurry.
May be you will not need COT at all)))
Euro FX. I do not like thin instruments so Dollar index is more likely. But there is levels for your battle)))
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  #152 (permalink)
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pbylina View Post
They taking profits because the up move is over. Look what happened next day.

Hey man, give yourself a break once and a while. You trying to save up for a Lamborghini or something?(joking)

Here is the deal. Today you look tape at this prices. You record a video or taking notes there, and then write a post on this topic with your observations on euro.
1) big prints
2) dynamics
3) limit orders on ask and on bid and size of them
4) result
this is 4 moments of your observations))) that will be very interesting)))

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  #153 (permalink)
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bloom View Post
Here is the deal. Today you look tape at this prices. You record a video or taking notes there, and then write a post on this topic with your observations on euro.
1) big prints
2) dynamics
3) limit orders on ask and on bid and size of them
4) result
this is 4 moments of your observations))) that will be very interesting)))

Umm...Can I do it tomorrow? I wasn't ready for it today. (read the post too late) Sorry...

#2. Dynamics, you mean how the tape is behaving?(slow,fast, etc..)

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  #154 (permalink)
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bloom View Post
That is why you must understand each party of the market. The motivation of each of them. Those who took profits then you was short. They are was speculators scalpers of small timeframe. And they are profesionals too. Why they took profits? Answer lies in motivation and how they see market.
In general and in a big TF euro is going down. It need to test important levels of support to find byers who will pull it higher, because sellers want theirs profits and will became less and less agressive with each movement down.
Before you start to learn COT you need to learn how to jump in the right moment using a tape, how to jump with a minimal risk. COT is a next step. Do not hurry.
May be you will not need COT at all)))
Euro FX. I do not like thin instruments so Dollar index is more likely. But there is levels for your battle)))
Attachment 42086

Yea, Its nice to know now that there are 3 parties and not only 2. lol. Thin Instrument? I do not know the difference in behavior between thin or fat. Euro is fine for now. Am I allowed to know what these levels are or not yet?

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  #155 (permalink)
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pbylina View Post
Yea, Its nice to know now that there are 3 parties and not only 2. lol. Thin Instrument? I do not know the difference in behavior between thin or fat. Euro is fine for now. Am I allowed to know what these levels are or not yet?

this
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  #156 (permalink)
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bloom View Post

I will do it Tomorrow ok?

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  #157 (permalink)
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bloom View Post

Never reached those levels. It decided to go other way...

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  #158 (permalink)
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pbylina View Post
Never reached those levels. It decided to go other way...

I am do not trading today)) But you dont full me. Take a look at this
I did this screen shot 2 minutes ago)))
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Gatcha)))

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  #159 (permalink)
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This is the chart you gave me. The highest level is at 1.4220. When I start at 7am central, price was already above there and went up... If you tell me how you made the levels I could of put more higher. I think you just mark the highs on the daily chart for above current market price. And below current market price you mark the daily lows and try to get at least 2 daily lows at same price.

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Tape is my shape (tape reading, time and sales)-6e-levels.png  
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  #160 (permalink)
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pbylina View Post
This is the chart you gave me. The highest level is at 1.4220. When I start at 7am central, price was already above there and went up... If you tell me how you made the levels I could of put more higher. I think you just mark the highs on the daily chart for above current market price. And below current market price you mark the daily lows and try to get at least 2 daily lows at same price.

it is a joke. all ok ))))

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