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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)

  #501 (permalink)
Trading for Fun
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Definitely not tape readers

Today I will post some images, which will tell you what happens to traders who don't read the tape.
So beware..practice tape reading

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Tape is my shape (tape reading, time and sales)-2.jpg   Tape is my shape (tape reading, time and sales)-3.jpg  
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  #502 (permalink)
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where i'm entering is very important. where i'm entering influences what is entered into the market... influences what i see when reading the order-flow. context is king. that perfect entry based on what i'm seeing in the order-flow could easily, rapidly be proven wrong if i'm not trading in the right area.

"reading" the order-flow has mainly been useful for managing a trade. exiting is pretty simple - either at a target or stopping myself out when it looks like my entry/idea or both are wrong (opposing force "gripping" the prices against my entry). when entering, i just ensure i am trading at an important area and then i wait for a "pause" and that's really all i need and i'm in.


Last edited by bojangle; August 19th, 2011 at 10:01 AM.
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  #503 (permalink)
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Today's quiz

You see a big print at ask,like say 50,000 traded at ask in a single shot.It means that there was a huge offer at ask-and that was traded against market order to buy 50,000.Now choose the correct answer(s):

1. The offer is coming from a single trader and the mkt order is also coming from another single trader.
2. The offer is coming from a single trader and the mkt order is coming from multiple traders.
3. The offer is coming from multiple traders and the mkt order is also coming from multiple traders.
4. The offer is coming from multiple traders and the mkt order is coming from a single trader.

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  #504 (permalink)
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rocky9281 View Post
Today's quiz

You see a big print at ask,like say 50,000 traded at ask in a single shot.It means that there was a huge offer at ask-and that was traded against market order to buy 50,000.Now choose the correct answer(s):

1. The offer is coming from a single trader and the mkt order is also coming from another single trader.
2. The offer is coming from a single trader and the mkt order is coming from multiple traders.
3. The offer is coming from multiple traders and the mkt order is also coming from multiple traders.
4. The offer is coming from multiple traders and the mkt order is coming from a single trader.

It depends on the market and how orders are reported.

For CME index futures, the answer is number 1.

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  #505 (permalink)
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rocky9281 View Post
Today's quiz

You see a big print at ask,like say 50,000 traded at ask in a single shot.It means that there was a huge offer at ask-and that was traded against market order to buy 50,000.Now choose the correct answer(s):

1. The offer is coming from a single trader and the mkt order is also coming from another single trader.
2. The offer is coming from a single trader and the mkt order is coming from multiple traders.
3. The offer is coming from multiple traders and the mkt order is also coming from multiple traders.
4. The offer is coming from multiple traders and the mkt order is coming from a single trader.



DionysusToast View Post
It depends on the market and how orders are reported.

Yes.



@rocky9281
Quiz for you: How do you find out that a given print is the result of a market order?

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  #506 (permalink)
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uexkuell View Post
Yes.



@rocky9281
Quiz for you: How do you find out that a given print is the result of a market order?

Any print in the time and sales is a result of a market order being met by a limit order.

A market order can be considered as an order that demands liquidity and a limit order is one that provides liquidity.

So in my opinion, there can't be any other alternative to the fact that a time and sales print definitely involves a market order in it (along with a limit order from the opposite side).

Please tell me if I am wrong.

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  #507 (permalink)
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hey what happened to that dudes videos? they seem to have been deleted! omg! he must not be able to share trade secrets! lol!

hey has anyone made an opensource version of the "accumulated tape indicator" that jigsaw trading has produced. this is similar to what is done on the X_trader DOM, however jigsaw prints this on a tape rather than on the execution screen.

thanks gang, i tried to start a tape discussion on here more than a year ago and it didn't catch, glad to see one taking hold.


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  #508 (permalink)
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Please help with this question.

How does large institutions enter or exit positions?


I know about the following options:

1 Large block trades and
2. Algorithms

What are the others?

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  #509 (permalink)
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The Book of Handling Large Positions


rocky9281 View Post
Please help with this question.

How does large institutions enter or exit positions?


I know about the following options:

1 Large block trades and
2. Algorithms

What are the others?

rocky9281,

you are still searching for in stone carved rules aren't you?

An algorithm is by definiton a method expressed as a finite list of instructions. Although a finite list, there are myriads of configurations and the list is also not confined.

Your question is like asking about a book of rules regarding a tell in behavior of professional poker players.

Regards,
Serninja

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  #510 (permalink)
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traderlars View Post
hey what happened to that dudes videos? they seem to have been deleted! omg! he must not be able to share trade secrets! lol!

hey has anyone made an opensource version of the "accumulated tape indicator" that jigsaw trading has produced. this is similar to what is done on the X_trader DOM, however jigsaw prints this on a tape rather than on the execution screen.

thanks gang, i tried to start a tape discussion on here more than a year ago and it didn't catch, glad to see one taking hold.


Serninja View Post
rocky9281,

you are still searching for in stone carved rules aren't you?

An algorithm is by definiton a method expressed as a finite list of instructions. Although a finite list, there are myriads of configurations and the list is also not confined.

Your question is like asking about a book of rules regarding a tell in behavior of professional poker players.

Regards,
Serninja

All of you will say that we shd study the time and sales to find out supply demand relations. BUT WHAT IS THAT? Can any of you pls break up that phrase into something more understandable??


What are we looking for while we are looking at the time and sales? Are we trying to find out what the institutions are doing? Or we are trying to find out the prices where large limit orders exist? Or anything else?

And more importantly, how are we going to do that?????

Is there anyone who is willing to share his knowledge instead of writing one-liner jokes?


Last edited by rocky9281; September 14th, 2011 at 08:43 AM.
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