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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)

  #361 (permalink)
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pbylina View Post
I understand. I gotta upload the video from yesterday. Youtube only takes video up to 15 minute so I have to split in 2 parts. Give me an hour.

There is an indicator on one of the charts in your video called OrderTicker. Is it available on futures.io (formerly BMT) ?

Why do you make the color of all the prints on your TimeandSales charts white ? You had them in colors in your earlier posts, and this, I suppose, guide and make TR more effective; just my thought.

Lolu

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  #362 (permalink)
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lolu View Post
There is an indicator on one of the charts in your video called OrderTicker. Is it available on futures.io (formerly BMT) ?

Why do you make the color of all the prints on your TimeandSales charts white ? You had them in colors in your earlier posts, and this, I suppose, guide and make TR more effective; just my thought.

Lolu

Yeah its available in elite section by user named Default User. Or you can ask him directly. I would give you mine but you gotta ask him permission first. I did some modification like got rid of the ASK and BID red and green lines for levels 2-5 because it was confusing. Now it just shows the current BID and ASK line. The only thing that we cant figure out is how to get rid of the gaps in between. This is do to the fact its on a tick chart.

This is second time I went to black and white Tape because of recomendation from bloom. And now I understand why...On a regular tape when you see Big prints or even small prints you know whether the trade is BID or ASK. Well, If you see big prints for example at ASK what would you think? O, there was Big seller on Limit, price is gonna go down. Thats not the case. Maybe 50% of the time it will reverse and the other it will go through. Why? Because we dont know if the Big Prints at the ASK was a Large Specular or Commercial hedger or even as was said before could be one of them getting in or getting out. So having the colored tape is confusing and in my opinion right now not important. One time you can see red bid prints flowing through the tape and price going up and the next time red bid prints and price going down. So it doesnt matter what if its RED or GREEN but what is the effect on price of the current transactions being printed. Thats what Bloom wanted us to see with the black and white tape. And I thank him so much for it.

There is actually a good example of this in the next video from yesterday which I will post.

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  #363 (permalink)
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Tuesday July 26 - Part 1 - Big Orders



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  #364 (permalink)
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lolu View Post
There is an indicator on one of the charts in your video called OrderTicker. Is it available on futures.io (formerly BMT) ?

Found using attachment search keyword "orderticker":

https://futures.io/elite-circle/7941-order-ticker-3.html#post131323

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  #365 (permalink)
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pbylina View Post
Yeah its available in elite section by user named Default User. Or you can ask him directly. I would give you mine but you gotta ask him permission first. I did some modification like got rid of the ASK and BID red and green lines for levels 2-5 because it was confusing. Now it just shows the current BID and ASK line. The only thing that we cant figure out is how to get rid of the gaps in between. This is do to the fact its on a tick chart.

This is second time I went to black and white Tape because of recomendation from bloom. And now I understand why...On a regular tape when you see Big prints or even small prints you know whether the trade is BID or ASK. Well, If you see big prints for example at ASK what would you think? O, there was Big seller on Limit, price is gonna go down. Thats not the case. Maybe 50% of the time it will reverse and the other it will go through. Why? Because we dont know if the Big Prints at the ASK was a Large Specular or Commercial hedger or even as was said before could be one of them getting in or getting out. So having the colored tape is confusing and in my opinion right now not important. One time you can see red bid prints flowing through the tape and price going up and the next time red bid prints and price going down. So it doesnt matter what if its RED or GREEN but what is the effect on price of the current transactions being printed. Thats what Bloom wanted us to see with the black and white tape. And I thank him so much for it.

There is actually a good example of this in the next video from yesterday which I will post.

Oh my god)) It is a crazy thing how one colored tape makes your brains work))) I am glad for you. At least you understand)))
Great words about "O, there was Big seller on Limit, price is gonna go down. Thats not the case. Maybe 50% of the time it will reverse and the other it will go through. Why? Because we dont know if the Big Prints at the ASK was a Large Specular or Commercial hedger or even as was said before could be one of them getting in or getting out."
You start to grow very fast)) Keep on man

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The following user says Thank You to bloom for this post:
 
  #366 (permalink)
Trading for Profit
Russia
 
Futures Experience: Master
Platform: NinjaTrader, Tradestation
Favorite Futures: ES
 
Posts: 287 since Apr 2011
Thanks: 41 given, 375 received


pbylina View Post
Yeah its available in elite section by user named Default User. Or you can ask him directly. I would give you mine but you gotta ask him permission first. I did some modification like got rid of the ASK and BID red and green lines for levels 2-5 because it was confusing. Now it just shows the current BID and ASK line. The only thing that we cant figure out is how to get rid of the gaps in between. This is do to the fact its on a tick chart.

This is second time I went to black and white Tape because of recomendation from bloom. And now I understand why...On a regular tape when you see Big prints or even small prints you know whether the trade is BID or ASK. Well, If you see big prints for example at ASK what would you think? O, there was Big seller on Limit, price is gonna go down. Thats not the case. Maybe 50% of the time it will reverse and the other it will go through. Why? Because we dont know if the Big Prints at the ASK was a Large Specular or Commercial hedger or even as was said before could be one of them getting in or getting out. So having the colored tape is confusing and in my opinion right now not important. One time you can see red bid prints flowing through the tape and price going up and the next time red bid prints and price going down. So it doesnt matter what if its RED or GREEN but what is the effect on price of the current transactions being printed. Thats what Bloom wanted us to see with the black and white tape. And I thank him so much for it.

There is actually a good example of this in the next video from yesterday which I will post.

i am so glad for you. all you say absolute true)))

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The following user says Thank You to bloom for this post:
 
  #367 (permalink)
Trading for Profit
Russia
 
Futures Experience: Master
Platform: NinjaTrader, Tradestation
Favorite Futures: ES
 
Posts: 287 since Apr 2011
Thanks: 41 given, 375 received

Reread my posts about increasing money flow and you will understand it much better now. And it would be "Oh' How i missed this before?")))
Only keep watching one colored tape and see the true nature of it))) WATCH THINK LEARN
Now without BID ASK you able to see another details that really influence the movements

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The following 2 users say Thank You to bloom for this post:
 
  #368 (permalink)
Elite Member
Lagos, Nigeria
 
Futures Experience: Intermediate
Platform: NinjaTrader, SierraChart
Favorite Futures: Euro Currency & Oil
 
lolu's Avatar
 
Posts: 2,438 since Jun 2009
Thanks: 998 given, 1,592 received


pbylina View Post
Yeah its available in elite section by user named Default User. Or you can ask him directly. I would give you mine but you gotta ask him permission first. I did some modification like got rid of the ASK and BID red and green lines for levels 2-5 because it was confusing. Now it just shows the current BID and ASK line. The only thing that we cant figure out is how to get rid of the gaps in between. This is do to the fact its on a tick chart.

This is second time I went to black and white Tape because of recomendation from bloom. And now I understand why...On a regular tape when you see Big prints or even small prints you know whether the trade is BID or ASK. Well, If you see big prints for example at ASK what would you think? O, there was Big seller on Limit, price is gonna go down. Thats not the case. Maybe 50% of the time it will reverse and the other it will go through. Why? Because we dont know if the Big Prints at the ASK was a Large Specular or Commercial hedger or even as was said before could be one of them getting in or getting out. So having the colored tape is confusing and in my opinion right now not important. One time you can see red bid prints flowing through the tape and price going up and the next time red bid prints and price going down. So it doesnt matter what if its RED or GREEN but what is the effect on price of the current transactions being printed. Thats what Bloom wanted us to see with the black and white tape. And I thank him so much for it.

There is actually a good example of this in the next video from yesterday which I will post.

Mike has kindly provided the link for the indicator and I now have it. Meanwhile, you can also let me have your version, or let me know the portion of the script to be tweaked/modified.

Lolu

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  #369 (permalink)
Trading for Profit
Russia
 
Futures Experience: Master
Platform: NinjaTrader, Tradestation
Favorite Futures: ES
 
Posts: 287 since Apr 2011
Thanks: 41 given, 375 received


pbylina View Post

9:22:02 long 1.4439-4442
9:25:19 large ASK limits 1.4450 watch how they are get filled and how is crowd HOT))). If it is very hot than market goes higher (protect you position by setting stop at 1.4439-4440).if crowd not hot or not supported by big guys than scalp out 10-8 ticks.
9:26:14 get out scalp 9-10 ticks or stop to the entry point
Done

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  #370 (permalink)
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9. Part 2 - Continuation




Last edited by pbylina; July 28th, 2011 at 11:06 AM. Reason: title change
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