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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)

  #191 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: None
Platform: NinjaTrader
Favorite Futures: Euro
 
Posts: 212 since Nov 2010
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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)))

Ok. I have been lazy. I will have to make one next tuesday. I will use Current day HLOC, previous HLOC, Pivot Points and any kind of S/R line that I can draw.

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  #192 (permalink)
Trading for Profit
Russia
 
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pbylina View Post
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?

Yes i were scalper. I did scalp on Russian Index Futures and if compare to ES i have a profit in 2-3 ticks. I have 90% of trades with profit. It was a system on corellation with ES e mini.
This is my result for 2 months in competitions there were 3000 members. As you see i was 43 and did 150 % for 2 months. But this is Bad result as i were doing 10-15% per a day.
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).
it was 2009
There was 20 of us and 18 traders have trade profitable))) we have made 20% of all market volume per a day on futures. But things changed and my friends who had 300000 and 100000 dollars go to the zero))) They made such big moneys from 600$. I know it sounds crazy but it is absolutely true. But in the beginng)))) ooooooh

We are jumped in a gaps on opening,jumped in a news right in the moment of publication and then in continuation of news storming market we are did scalp. We have doing such crazy things that you may think that they may kill you,but we are were not afraid. imagine you are jumping right in the moment of publication jobless clames or year GDP. Oh man this were such wonderfull)))
We could start a day with 10 % lose on opening gap and ending a day with 15 % profit and we are do not care that this is was suicide. we just do what we do. One day my friends and i loose 25% on opening gap. they go to the bar and had some TRALALA))) but i stay and fight all day. I stoped with 2 % profit and just imagine my thoughts i think "Hey. This is fucking little profit. Iv could made 26% if not this fucking GAP"))) AHAHAHAhAHA little boy with BIG EGO))))
One day in may 16 of 2010 i did 60% to my account. I am sell all the day all of the retricements. My hands were shaking, i was sick then i see how S&P500 mini go down BOOM BOOM BOOM. It is a crazy feelings i will never forget))) I started with 13000and in the end of the day there was 20000. Just imagine ))) I think "Oh my god i am doing profit that i never ever had and i am sick than i see this crash BOOM BOOM, i do not feel my legs. And if i feel so bad, then what are must feeling guys who are loosing?" You will understand me then you will see this and if you will be short)))
When my friends start to loose i figured out tnat i will be next and i did not want this. I can not let market beat me. I took all of the money and left some small account. then i started to slowly go down. I am very desciplined and if i lose 2-3% i had stoped a day. When another day brings lose again and again. I start to seek. And i found tape.

Slowly i began to restore my functionalyty and still i am restoring it. But i know i am already BEAT THIS FUCK...NG MARKET)))
And new chapter of my trading career is begin)))


Last edited by bloom; July 2nd, 2011 at 04:19 PM.
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  #193 (permalink)
Elite Member
Chicago, IL
 
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bloom View Post
Yes i were scalper. I did scalp on Russian Index Futures and if compare to ES i have a profit in 2-3 ticks. I have 90% of trades with profit. It was a system on corellation with ES e mini.
This is my result for 2 months in competitions there were 3000 members. As you see i was 43 and did 150 % for 2 months. But this is Bad result as i were doing 10-15% per a day.
Attachment 42506 it was 2009
There was 20 of us and 18 traders have trade profitable))) we have made 20% of all market volume per a day on futures. But things changed and my friends who had 300000 and 100000 dollars go to the zero))) They made such big moneys from 600$. I know it sounds crazy but it is absolutely true. But in the beginng)))) ooooooh

We are jumped in a gaps on opening,jumped in a news right in the moment of publication and then in continuation of news storming market we are did scalp. We have doing such crazy things that you may think that they may kill you,but we are were not afraid. imagine you are jumping right in the moment of publication jobless clames or year GDP. Oh man this were such wonderfull)))
We could start a day with 10 % lose on opening gap and ending a day with 15 % profit and we are do not care that this is was suicide. we just do what we do. One day my friends and i loose 25% on opening gap. they go to the bar and had some TRALALA))) but i stay and fight all day. I stoped with 2 % profit and just imagine my thoughts i think "Hey. This is fucking little profit. Iv could made 26% if not this fucking GAP"))) AHAHAHAhAHA little boy with BIG EGO))))
One day in may 16 of 2010 i did 60% to my account. I am sell all the day all of the retricements. My hands were shaking, i was sick then i see how S&P500 mini go down BOOM BOOM BOOM. It is a crazy feelings i will never forget))) I started with 13000and in the end of the day there was 20000. Just imagine ))) I think "Oh my god i am doing profit that i never ever had and i am sick than i see this crash BOOM BOOM, i do not feel my legs. And if i feel so bad, then what are must feeling guys who are loosing?" You will understand me then you will see this and if you will be short)))
When my friends start to loose i figured out tnat i will be next and i did not want this. I can not let market beat me. I took all of the money and left some small account. then i started to slowly go down. I am very desciplined and if i lose 2-3% i had stoped a day. When another day brings lose again and again. I start to seek. And i found tape.

Slowly i began to restore my functionalyty and still i am restoring it. But i know i am already BEAT THIS FUCK...NG MARKET)))
And new chapter of my trading career is begin)))

Wow, this is truly inspiring. Make me want to work harder You smart for taking the money out of Russian market. Brokers could of took your friends money cause they were good. Maybe next was gonna be you.

Have you tried trading less popular/liquid/smaller markets? I heard it is easier to "read"...Maybe I see if this true next week...

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  #194 (permalink)
Market Wizard
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pbylina View Post
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.


iceberg ahoy!

As a 'resistance' point....
Stack the offer - make it look like sellers are above...
Put an iceberg on the bid to suck up that selling...
Tease the market down 3 or 4 ticks...
Then pull your offers, stack the bid and start throwing marker orders in...

Stand back & watch the magic

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  #195 (permalink)
Trading for Profit
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pbylina View Post
Wow, this is truly inspiring. Make me want to work harder You smart for taking the money out of Russian market. Brokers could of took your friends money cause they were good. Maybe next was gonna be you.

Have you tried trading less popular/liquid/smaller markets? I heard it is easier to "read"...Maybe I see if this true next week...

I tell you one big thing. To be profitable you dont need to be a smart guy)))You need an edge and use it. We had an edge and we used it 12 hour in a day. And it is worked. We do not look charts and do not siting all day waitng profit. We took scalp and go out. 2-3 seconds were trade time. 200-300 trades per a day and all with only hands. I enter the market with all i had on account. 10-20 contracts then 30-40. Each trade small profit but in the end of the day any day trader could envy what profits were are)))
Another thing. We were very emotional. We are screaming, foul, beat with fists the table, hoot. But every day everyone were profitable. So i do not believe much in the psychology, but i do believe in risk managment, discipline,capitalization and edge. You should have enough money at your account, you should have good risk that allous you to be profitable and lose 2-3% per day in at least 3-4 lose trades. You should have an edge and use it and you should learn to use it and be disciplined to use it.

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  #196 (permalink)
Trading for Fun
Kolkata,India
 
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Broker/Data: Broker
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DionysusToast View Post
That doesn't look like a Time & Sales to me - what product is it from? The rest looks like IB...


bloom View Post
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.
Attachment 42501

Bloom and DionysusToast,

I found this here: The Craft of Tape Reading, Part I: The “Whoosh” Pattern|Move the Markets

I request both of you,please check it and let me know about your thoughts.
----------------------------------------------------------------------------------------------------------------------------

pbylina View Post
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.

Few things I see here:
1. "the BID is not even that big, but yet the BID remains the same size!"..The Bid is actually very big but a different technique is used here. Its called Iceberging. Suppose I am a pro and I want to buy 10,000 shares, but I don't want to put such a large bid, because it may result in others front running me.

So what I do here is use a kind of order called ice berg order (algo trading) whereby, I can display say only 100 shares in place of 10,000. when this 100 is filled, another 100 comes ..this process is continued until all the 10,000 is filled. So people never know what my order size is & whether this is professional order or not.

2. "They selling heavily"...I don't think "they" are selling. It appears that we are selling and "they" are buying. It can also mean one "they" is selling and another "they" is buying.

3. If you don't have the DOM, all you can see is price being supported at that level where the iceberg is placed, thats an added indication for us to buy.

4. I have found some common algos here: Barclays Capital: BARX: Futures
I will study them one by one, hope you join with me and together we will discuss as we progress.
---------------------------------------------------------------------------------------------------------------------------------------

bloom View Post
good BIG juicy print that let you know 100% here big guy.

BIG juicy prints are becoming very infrequent as time is passing. Maybe after 5 yrs from now, there will be no big print at all, pros use algo to break large orders


Last edited by rocky9281; July 3rd, 2011 at 03:50 AM.
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  #197 (permalink)
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rocky9281 View Post
4. I have found some common algos here: Barclays Capital: BARX: Futures
I will study them one by one, hope you join with me and together we will discuss as we progress.

There is actually a book that came out last year and it is highly rated on amazon.:Amazon.com: Algorithmic Trading and DMA: An introduction to direct access trading strategies (9780956399205): Barry Johnson: Books

I haven't read it...

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  #198 (permalink)
Market Wizard
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rocky9281 View Post
BIG juicy prints are becoming very infrequent as time is passing. Maybe after 5 yrs from now, there will be no big print at all, pros use algo to break large orders

That's OK - other algos can put them back together!

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  #199 (permalink)
Trading for Fun
Kolkata,India
 
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DionysusToast View Post
That's OK - other algos can put them back together!

You mean there are algos-that can detect if any other algo is currently being executed or not? Please tell us more


pbylina View Post
There is actually a book that came out last year and it is highly rated on amazon.:Amazon.com: Algorithmic Trading and DMA: An introduction to direct access trading strategies (9780956399205): Barry Johnson: Books

I haven't read it...

Yes, I have heard about this book too, but I want to try some free internet stuff before buying a book
------------------------------------------------

I am very excited today, made about 5% on my capital in 2 trades..see attachment

Attached Thumbnails
Tape is my shape (tape reading, time and sales)-aa.jpg  

Last edited by rocky9281; July 4th, 2011 at 04:24 AM.
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  #200 (permalink)
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rocky9281 View Post
You mean there are algos-that can detect if any other algo is currently being executed or not? Please tell us more



Yes, I have heard about this book too, but I want to try some free internet stuff before buying a book
------------------------------------------------

I am very excited today, made about 5% on my capital in 2 trades..see attachment

Congratulations man ))) I am glad for you. Please discribe how you made your decisions. Are they were with the tape?

happy 4 july

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