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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)

  #231 (permalink)
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zt379 View Post
If it's ok, I'd like to join the party lol.
Many thanks to bloom (may your garden grow ) and all for this thread.
I've been doing a similar thing (tape reading) but via a different route using Gomi delta and POC's.
ie: reaction to levels.
I had got a lot of good info from another Russian on Forex Factory that is on the same lines as bloom so all great stuff
from my ancestors...!

If I can bore you all with my simple questions ?
pbylina, thanks for the videos.
When you say huge limit on bid, could you clarify (ie time/price), because I'm not really seeing it and there for not understanding ?
I didn't see any noticeable larger prints ?
Many thx

Lets see if you can bore someone here( I think nope) Welcome
this one for S&P500 E mini that shows you by printing big block 18:11:45-54 at ask that there is a huge size at limit on ask
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Please share your experience and will discuss than)))
this is a reason this thread here exists
Many thanks

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  #232 (permalink)
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zt379 View Post
If it's ok, I'd like to join the party lol.
Many thanks to bloom (may your garden grow ) and all for this thread.
I've been doing a similar thing (tape reading) but via a different route using Gomi delta and POC's.
ie: reaction to levels.
I had got a lot of good info from another Russian on Forex Factory that is on the same lines as bloom so all great stuff
from my ancestors...!

If I can bore you all with my simple questions ?
pbylina, thanks for the videos.
When you say huge limit on bid, could you clarify (ie time/price), because I'm not really seeing it and there for not understanding ?
I didn't see any noticeable larger prints ?
Many thx

It depends what market you trade. You will know what is bigger than average limits from experience. In this example, EURO, the average Limit orders are 150~. At low of day(1.4426),(time: 10:02:31 ), you see its 225 limit. Bigger than normal. You see on the left Tape its orders over 10 lot. There is 4 big lots that printed at 1.4429 at ASK. Pros get on before the breakout not after.

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  #233 (permalink)
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bloom View Post
Lets see if you can bore someone here( I think nope) Welcome
this one for S&P500 E mini that shows you by printing big block 18:11:45-54 at ask that there is a huge size at limit on ask
Attachment 42681
Please share your experience and will discuss than)))
this is a reason this thread here exists
Many thanks

bloom, blooming marvellous, lol
seriously though, thank you.
Yes THAT large print I see.
I've (from today) attached two charts to show my layout.
I use the GomMP and GomVolume Ladder and as I mentioned, I think they are giving me a read of tape
all be it in a different medium.

Think of the POCs (black on each bar on first chart and yellow outline on second chart) as a form
of your large prints (sort of) and then price reaction to those levels.
(scalping with a very sharp knife)

What I would like to do is add an additional layer of your T&S read.

From your chart, I'm left with the moment at which you decide to "take action"?
I appreciate this is not a red/green light thing, more like the flow of water, but the moment of action
is why I'm here and looking forward to understanding more of what you are all doing.

thx

Every moment I wake up I realize I know nothing, and then I smile...
Attached Thumbnails
Tape is my shape (tape reading, time and sales)-es-09-11-3-momentum-_a_poc_-06_07_2011.jpg   Tape is my shape (tape reading, time and sales)-es-09-11-3-momentum-_a_vl_-06_07_2011.jpg  
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  #234 (permalink)
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And once again the same thing. May be someone have done long with me?)))
1 point profit scalp as yesterday
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All conditions as yesterday

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  #235 (permalink)
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bloom View Post
And once again the same thing. May be someone have done long with me?)))
1 point profit scalp as yesterday
Attachment 42684
Attachment 42685
Attachment 42686
All conditions as yesterday

Buying within one tick of low.....I have much to learn.
Excellent stuff. How do you do that. !! ??

Here is my chart with some explanations of my read,
Many thx.

Every moment I wake up I realize I know nothing, and then I smile...
Attached Thumbnails
Tape is my shape (tape reading, time and sales)-es-09-11-3-momentum-_b_poc_-06_07_2011.jpg  
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  #236 (permalink)
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Commercial Hedgers

Rule #1. Dont jump in right away when you see big prints. It could be Commercials Hedgers.
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  #237 (permalink)
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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 )))

Pleaaaase wright your observations in this phorm. You ll see how fast we will progress)))

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  #238 (permalink)
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bloom View Post
Pleaaaase wright your observations in this phorm. You ll see how fast we will progress)))

O sorry! I didnt know you were asking question


Quoting 
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 )))

1) I dont remember. Some kind of a high. I didnt take a video. It helps to take video just incase you have questions.
2)There was like only one 14~ lot ASK. In other words, not a lot of Big prints.
3) I think it was slow like push or walk. So maybe it got pulled. And it was to scare.
4) Normal size I think. Besides the big ASK.

So what is the purpose of showing a BIG Limit? Im getting the feeling its only to scare people. Because I see big prints when the limits are normal size.

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  #239 (permalink)
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DionysusToast View Post
A few issues.
If you see 1000 at ask, uptick, 1000 at ask, uptick, 1000 at ask, uptick, 10,000 at ask, up tick - what does that tell you? That there are more buyers? Nope. It tells you that the guys sitting on the offer with limit orders are becoming more aggressive. Depending on the market, this may be significant.

Ok here come the stupid questions...
Hoping you can help me overcome my ignorance:
1. "if you see 1000 at ask, uptick"
are you saying a 1000 printed on the T&S at the ask price ?
Where are we "seeing" this 1000 ?

2. If yes, then how can that be a limit sell ?
lets say at the time the bid/ask was 1134.00/1134.25.
1000 printed at 1134.25
Wouldn't the 1134 bid price have to go to 1134.25 bid in order for the 1000 to be filled as a limit sell?

3. If so the 1000 would be at a bid prince on T&S no ?

4.If the 1000 and then another 1000 and then the 10,000 were at an ask price on T&S why wouldn't they be market
buy orders ?

5. In other words how can a limit sell be filled at an ask price?

PS: obviously there is a sell at the buy price other wise there would be no fulfillment
of orders, I'm just not understanding the way it's displayed on T&S I guess

I'm obviously misunderstanding something and really appreciate any feedback.

thx

Every moment I wake up I realize I know nothing, and then I smile...

Last edited by zt379; July 6th, 2011 at 05:33 PM.
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  #240 (permalink)
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pbylina View Post
O sorry! I didnt know you were asking question


1) I dont remember. Some kind of a high. I didnt take a video. It helps to take video just incase you have questions.
2)There was like only one 14~ lot ASK.
3) I think it was slow like push or walk. So maybe it got pulled. And it was to scare.
4) Normal size I think. Besides the big ASK.

So what is the purpose of showing a BIG Limit? Im getting the feeling its only to scare people. Because I see big prints when the limits are normal size.

For doing good tape reading we always must think in OHLC or price levels, reaction, Size of limits and speed of the tape.
If you are all want to progress you ll have to do this.
Just understand you are doing this not only for yourself. Other peoples reading this thread to, and may find it more helpfull if information will be more structurized and organized)))) And those people would share expirience to and we will move further.
Also your progression will be more effective with structure
Today was inside range day. Tomorrow important news and market will go powerfull. Be prepared to trend tomorrow or after tomorrow

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