Tape is my shape (tape reading, time and sales) - Traders Hideout | futures io social day trading
futures io futures trading


Tape is my shape (tape reading, time and sales)
Updated: Views / Replies:205,804 / 1,202
Created: by bloom Attachments:311

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 311  
 
Thread Tools Search this Thread
 

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

  #181 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: None
Platform: NinjaTrader
Favorite Futures: Euro
 
Posts: 212 since Nov 2010
Thanks: 158 given, 67 received


bloom View Post
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 )))

Sorry. Next time I will give more detail.

Are you sure you don't live in America bloom? Im impressed.

Reply With Quote
The following user says Thank You to pbylina for this post:
 
  #182 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: None
Platform: NinjaTrader
Favorite Futures: Euro
 
Posts: 212 since Nov 2010
Thanks: 158 given, 67 received



Awesome. That is a cool level 2 on your chart. 10 levels of depth.

Reply With Quote
The following user says Thank You to pbylina for this post:
 
  #183 (permalink)
Trading for Fun
Kolkata,India
 
Futures Experience: Intermediate
Platform: Broker
Broker/Data: Broker
Favorite Futures: Futures
 
Posts: 100 since Feb 2011
Thanks: 52 given, 39 received

buyers retreating and sellers coming


Can anybody please explain what indication is there in this TnS, especially in the boxed area, that says that buyers are retreating and sellers are coming?

I may sound stupid to ask this question, but I am newbie..please cooperate

Please note that in this TnS, new entries are added at the bottom, unlike the TNS in Ninja..

Attached Thumbnails
Tape is my shape (tape reading, time and sales)-chart-esu7_716_whoosh.gif  
Reply With Quote
The following 2 users say Thank You to rocky9281 for this post:
 
  #184 (permalink)
Trading for Profit
Russia
 
Futures Experience: Master
Platform: NinjaTrader, Tradestation
Favorite Futures: ES
 
Posts: 396 since Apr 2011
Thanks: 45 given, 474 received


rocky9281 View Post
Can anybody please explain what indication is there in this TnS, especially in the boxed area, that says that buyers are retreating and sellers are coming?

I may sound stupid to ask this question, but I am newbie..please cooperate

Please note that in this TnS, new entries are added at the bottom, unlike the TNS in Ninja..

i do not know what does it mean that buyers dissapear))) probably there is no more big limits on the BID
you see here agression of the seller. This is breakdown of the support level.
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
 
  #185 (permalink)
Market Wizard
Bangkok
 
Futures Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
Broker/Data: AMP, S5, IB
Favorite Futures: ES
 
DionysusToast's Avatar
 
Posts: 2,619 since Nov 2010
Thanks: 766 given, 8,462 received
Forum Reputation: Legendary


rocky9281 View Post
Can anybody please explain what indication is there in this TnS, especially in the boxed area, that says that buyers are retreating and sellers are coming?

I may sound stupid to ask this question, but I am newbie..please cooperate

Please note that in this TnS, new entries are added at the bottom, unlike the TNS in Ninja..

That doesn't look like a Time & Sales to me - what product is it from? The rest looks like IB...

Reply With Quote
The following user says Thank You to DionysusToast for this post:
 
  #186 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: None
Platform: NinjaTrader
Favorite Futures: Euro
 
Posts: 212 since Nov 2010
Thanks: 158 given, 67 received

Level 2 Bluff

I have seen this before. On the tape it doesn't print as as much as what the Huge offer was. I didnt know what it meant before.


Reply With Quote
The following 2 users say Thank You to pbylina for this post:
 
  #187 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: None
Platform: NinjaTrader
Favorite Futures: Euro
 
Posts: 212 since Nov 2010
Thanks: 158 given, 67 received

Algo Refilling Dom

I have seen this also but didn't know how it could be happening. They selling heavily(printing at BID), the BID is not even that big, but yet the BID remains the same size! I will need to read about algorithmic trading.


Reply With Quote
The following 2 users say Thank You to pbylina for this post:
 
  #188 (permalink)
Membership Permanently Revoked
hartford
 
Futures Experience: Intermediate
Platform: nt
Favorite Futures: cl
 
Posts: 52 since Jun 2011
Thanks: 54 given, 5 received

huh?

Reply With Quote
 
  #189 (permalink)
Trading for Profit
Russia
 
Futures Experience: Master
Platform: NinjaTrader, Tradestation
Favorite Futures: ES
 
Posts: 396 since Apr 2011
Thanks: 45 given, 474 received


pbylina View Post
I have seen this before. On the tape it doesn't print as as much as what the Huge offer was. I didnt know what it meant before.


actualy you are looking and stare at the tape to not be fooled by this DOM jumping dumping. Than you see the print this is mean that there was a trade and there was bid and offer and transaction. All of this fooling things in DOM are not bother you, cause you see the truth of order flow. Thats why you do not need at the first time concentrate at the DOM or level 2. You think i belived everything in DOM or level 2? No way))) Only tape. I see print i see reaction and the price at print was. I do not know much about algo and this is not care for me)) I dont need this. But thats your point of what you want to do)))
Just a light look at the DOM and you understand how much algo there are. Look how quickly limit order 1500-2000 take off and pulled higher than take off and pull lower. Human not capable to do such fast operations. 40% of volume in the DOM is fake and it is called "Scarecrow" or "Cap" or "Damper"
But all of actions to fool you with DOM are crushed if you are waiting good BIG juicy print that let you know 100% here big guy.

Reply With Quote
The following 3 users say Thank You to bloom for this post:
 
  #190 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: None
Platform: NinjaTrader
Favorite Futures: Euro
 
Posts: 212 since Nov 2010
Thanks: 158 given, 67 received



bloom View Post
actualy you are looking and stare at the tape to not be fooled by this DOM jumping dumping. Than you see the print this is mean that there was a trade and there was bid and offer and transaction. All of this fooling things in DOM are not bother you, cause you see the truth of order flow. Thats why you do not need at the first time concentrate at the DOM or level 2. You think i belived everything in DOM or level 2? No way))) Only tape. I see print i see reaction and the price at print was. I do not know much about algo and this is not care for me)) I dont need this. But thats your point of what you want to do)))
Just a light look at the DOM and you understand how much algo there are. Look how quickly limit order 1500-2000 take off and pulled higher than take off and pull lower. Human not capable to do such fast operations. 40% of volume in the DOM is fake and it is called "Scarecrow" or "Cap" or "Damper"
But all of actions to fool you with DOM are crushed if you are waiting good BIG juicy print that let you know 100% here big guy.

It is nice to know what limit order pulling looks like.

I am wondering bloom. Did you start as a scalper? How much did you go for at first 2 ticks or something?

Reply With Quote

Reply



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

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

Introducing daytradr by Jigsaw, new stand-alone platform

Oct 19
 

RandBots: AutoTrading Bots to diversify your trading

Oct 24
 

TopstepTrader: Profiting Without Risking Your Own Money

Oct 26

Building Open Source Indicators for NT8 w/Fat Tails @ Lizard Indicators

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Some questions about tape-reading CME data ptd26 Traders Hideout 24 November 14th, 2014 11:05 AM
Pace of Tape trader8642 NinjaTrader 7 August 5th, 2014 11:11 PM
Anyone here use tape reading in their methodology ? Xzap Traders Hideout 23 December 19th, 2013 04:03 AM
What is tape reading? Big Mike Traders Hideout 34 May 20th, 2011 07:58 AM


All times are GMT -4. The time now is 05:58 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-10-18 in 0.09 seconds with 19 queries on phoenix via your IP 54.167.250.64