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Tape is my shape (tape reading, time and sales)
Started: by bloom Views / Replies:184,188 / 1,003
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Tape is my shape (tape reading, time and sales)

  #171 (permalink)
Market Wizard
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hoseman View Post
Does anyone have a dual time and sales for ninja. I ask ninja and searched their forum with no luck. i would like to have 1 window for buy and the second for sell. ninja say's it's in the works but no time line. Thanks

Interesting concept.

Is this an idea you came up with yourself or something you have seen elsewhere? Is it just something you want to play with ?

Tell us more...

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  #172 (permalink)
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hoseman View Post
Does anyone have a dual time and sales for ninja. I ask ninja and searched their forum with no luck. i would like to have 1 window for buy and the second for sell. ninja say's it's in the works but no time line. Thanks

That would be cool. Bug them and Ill help.

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  #173 (permalink)
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pbylina View Post
Why would a pro put a huge fake best offer it the first place?

Because there are lots of traders who constantly look at the DOM. If they see this huge limit order, there is a strong possibility that many of them will sell, because this large offer makes them think that some of the big boys are selling at that limit.

While small traders sell, the pros buy them.

So this is a trick used by the biggies to buy.

Don't know any more

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  #174 (permalink)
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hoseman View Post
1 window for buy and the second for sell

I don't know if you will like this idea:

Open two windows for the script. Mark the fore and background color of "ask" and "above ask" trades as white. So this TnS will show only trades at bid and below bid.

Similarly, whiten the bid and below bid in the other window to view only the ask trades.

One problem, you will have many blank lines in both of them

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  #175 (permalink)
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rocky9281 View Post
I don't know if you will like this idea:

Open two windows for the script. Mark the fore and background color of "ask" and "above ask" trades as white. So this TnS will show only trades at bid and below bid.

Similarly, whiten the bid and below bid in the other window to view only the ask trades.

One problem, you will have many blank lines in both of them

Anyone know how to gain access to the Time and Sales Code?...DynosusToast?

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  #176 (permalink)
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pbylina View Post
Anyone know how to gain access to the Time and Sales Code?...DynosusToast?

I don't know any platform that allows you to customise the Time&Sales or DOM.

Tradestation has a trade feed you can access from a chart but does give you anyway to see if a trade is at bid or at ask.

Ninja has a trade feed you can access from a chart and does allow you to see if a trade is at bid or ask BUT - that's not really customising Time & Sales.

I didn't look at eSignal API (don't like it) nor the TT API - but I will be looking at TT API shortly. My guess is it will be the same story.

This is based on research about October time last year. It is of course, possible to write your own Time & Sales - but you'd need a good reason to go through that pain & cost. That's why I was asking about this 'Dual' Time & Sales with sells on one, Buys on the other. I can't imagine what use it would be.

It is indeed odd that the leading retail 'strategy development' platforms don't allow you to include condition of a trade (at bid/ask) or depth info in a strategy.

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  #177 (permalink)
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pbylina View Post
Anyone know how to gain access to the Time and Sales Code?...DynosusToast?

Question though - what would you do with it if you could gain access?

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  #178 (permalink)
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pbylina View Post
Hey, Bloom

What does it mean when there is a HUGE best offer and the market eats it and then drops like 10 ticks? Like your were talking about, if the Huge Offer gets eaten and goes up it means that the Pros ate it. If It gets eaten and drops it means the public ate it and Pros were on the limit?

You have see in this situation a reaction to the big limit order. It was a big seller and he was filled, but market react and go down. At this point tape probably were slooooooow))))
if you want careful and detailed answers, please ask detailed questions)))
this is will help
you need to describe:
1) price level (support or resistance)and type of price(previous low or high,or braken low or high)
2) is there was large prints or not and what prints are were there (BID block ASK block)
3) speed of the tape and how it moved. is it push or is it run
4) of what size was limit ordes at bid and at the ask
And YES guys. You can trade using only tape)))
Is my english clear for you )))
Happy holidays to all of you i know you are loving you country very much )))

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  #179 (permalink)
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Last edited by bloom; July 1st, 2011 at 12:36 PM.
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  #180 (permalink)
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Time and sales


Thanks for all the input. My reason for 2 time and sales windows or having 1 be the buy side and the other the sell side is just watching the size of the orders comming through at critical levels in the market like support resistence or off MP area's for confirmation. Or if your a trend trader watching it on a pullback to see when to enter in the direction of the trend.

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