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:207,495 / 1,241
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)

  #501 (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

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

Attached Thumbnails
Tape is my shape (tape reading, time and sales)-2.jpg   Tape is my shape (tape reading, time and sales)-3.jpg  
Attached Images
 
Reply With Quote
 
  #502 (permalink)
Elite Member
Canada
 
Futures Experience: Intermediate
Platform: Ninjatrader
Favorite Futures: ES
 
Posts: 158 since Feb 2010
Thanks: 27 given, 34 received

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 09:01 AM.
Reply With Quote
 
  #503 (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


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.

Reply With Quote
The following user says Thank You to rocky9281 for this post:
 
  #504 (permalink)
Market Wizard
Bangkok
 
Futures Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
Broker/Data: AMP, S5, IB
Favorite Futures: ES
 
DionysusToast's Avatar
 
Posts: 2,624 since Nov 2010
Thanks: 768 given, 8,481 received
Forum Reputation: Legendary


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.

Reply With Quote
The following user says Thank You to DionysusToast for this post:
 
  #505 (permalink)
Elite Member
Pt Vala
 
Futures Experience: Advanced
Platform: Proprietary
Favorite Futures: CL, EUR, DAX
 
Posts: 58 since Apr 2010
Thanks: 12 given, 30 received


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?

Reply With Quote
 
  #506 (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


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.

Reply With Quote
 
  #507 (permalink)
Elite Member
Chicago
 
Futures Experience: Advanced
Platform: custom
Favorite Futures: ES
 
traderlars's Avatar
 
Posts: 96 since Dec 2009
Thanks: 1 given, 85 received

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.


Reply With Quote
 
  #508 (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

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?

Reply With Quote
 
  #509 (permalink)
Elite Member
Germany
 
Futures Experience: Intermediate
Platform: NinjaTrader
 
Serninja's Avatar
 
Posts: 56 since Mar 2010
Thanks: 87 given, 30 received

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

Reply With Quote
The following user says Thank You to Serninja for this post:
 
  #510 (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



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 07:43 AM.
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)
 

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 06:42 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 2017-10-22 in 0.09 seconds with 19 queries on phoenix via your IP 54.162.105.241