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:239,319 / 1,264
Created: by bloom Attachments:312

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
 312  
 
Thread Tools Search this Thread
 

Tape is my shape (tape reading, time and sales)

  #591 (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


DionysusToast View Post
What I would say there is that you have someone that really wants to buy 154 but doesn't want to pay the considerable spread. As such, he's raising his bid hoping a seller will hit him.

Pete,
Do you also think that the 154 is actually a large hidden bid?
------------- ------------- ------------- ------------- ------------- ------------- -------------
Next,

I want to discuss about 2 more things that says "hey! there is a big buyer!!":

1. Double (or triple/quadruple/multiple etc) prints

2. Perfect Prints

But I am just a novice so I fear starting the topic.
Anybody want to say something regarding these?

Reply With Quote
 
  #592 (permalink)
Market Wizard
Bangkok
 
Futures Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
Broker/Data: AMP, S5, IB
Favorite Futures: ES
 
DionysusToast's Avatar
 
Posts: 2,673 since Nov 2010
Thanks: 777 given, 8,742 received
Forum Reputation: Legendary


rocky9281 View Post
Pete,
Do you also think that the 154 is actually a large hidden bid?
------------- ------------- ------------- ------------- ------------- ------------- -------------
Next,

I want to discuss about 2 more things that says "hey! there is a big buyer!!":

1. Double (or triple/quadruple/multiple etc) prints

2. Perfect Prints

But I am just a novice so I fear starting the topic.
Anybody want to say something regarding these?

No, it's not a large hidden bid. If it was hidden, you wouldn't see it!

This is much, much simpler. This guy wants to buy. The price he wants to buy at does not interest anyone. He keeps putting his price up to try to attract sellers. This happens in thin stocks and other illiquid markets.

The kind of market you are looking at here is the last kind you want to be trading. The spread alone will kill you.

Reply With Quote
 
  #593 (permalink)
Trading for Profit
Russia
 
Futures Experience: Master
Platform: NinjaTrader, Tradestation
Favorite Futures: ES
 
Posts: 419 since Apr 2011
Thanks: 46 given, 502 received


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Wait for reaction market will do on this kind of informatin

Reply With Quote
 
  #594 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: None
Platform: NinjaTrader
Favorite Futures: Euro
 
Posts: 212 since Nov 2010
Thanks: 158 given, 69 received


bloom View Post
You see a big BID print and than price go down, but you think it should go up. ANd you think " Why it go down?" "What reasons?"
Guys. THere 1 billion fuc..g reasons.
The way you need to think is that
"Ok. There is a big BID print on the tape. Price going down. What reasons? There 1 bln reasons. Ahhh. Who cares? If market go down. ill go with it. SHort"
THis is the way you need to think.

Agreed.

Reply With Quote
 
  #595 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: None
Platform: NinjaTrader
Favorite Futures: Euro
 
Posts: 212 since Nov 2010
Thanks: 158 given, 69 received

If I bought with a limit order at 3367 and sold with a limit order at 3388 would I make 21 ticks?

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
 
  #596 (permalink)
Market Wizard
Bangkok
 
Futures Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
Broker/Data: AMP, S5, IB
Favorite Futures: ES
 
DionysusToast's Avatar
 
Posts: 2,673 since Nov 2010
Thanks: 777 given, 8,742 received
Forum Reputation: Legendary

Sure - but your chances of doing so in that situation are virtually nil.

In the scenario you have there, you need the following to happen:

1 - you add in a limit order to buy 1.3367 and to sell at 1.3388
2 - someone needs to sell 3 contracts on market order on 1.3367 - something that is a pretty bold move because that's 21 ticks below the inside offer
3 - you don't want more than 3 contracts sold or the bud will tick down and the offer will probably follow
4 - then you want 7 or more market orders to hit the offer. That again unlikely as this price is 21 ticks above the best bid

This is an illiquid market. The people you need to take the other side of your trades to make it profitable for you would have to be a little crazy.

Reply With Quote
The following 2 users say Thank You to DionysusToast for this post:
 
  #597 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: None
Platform: NinjaTrader
Favorite Futures: Euro
 
Posts: 212 since Nov 2010
Thanks: 158 given, 69 received

Ok, What If we were in a very liquid market such as the EuroDollar or ES where the BID/ASK spread are touching, if I buy the BID and SELL the ask do I make 1 tick?

Reply With Quote
The following user says Thank You to pbylina for this post:
 
  #598 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: None
Platform: NinjaTrader
Favorite Futures: Euro
 
Posts: 212 since Nov 2010
Thanks: 158 given, 69 received

First trade with my new tapes. Wanted to move stop closer to entry but ended up closing the trade on accident because haven't traded on Ninja for 3 months so I forgot how everything works.


Reply With Quote
The following user says Thank You to pbylina for this post:
 
  #599 (permalink)
Elite Member
london, UK
 
Futures Experience: Beginner
Platform: NT7
Favorite Futures: TR909
 
Posts: 58 since Aug 2010
Thanks: 41 given, 34 received

good trade PB, do you find splitting the bid / ask tape helping?

Reply With Quote
 
  #600 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: None
Platform: NinjaTrader
Favorite Futures: Euro
 
Posts: 212 since Nov 2010
Thanks: 158 given, 69 received



gktk View Post
good trade PB, do you find splitting the bid / ask tape helping?

Its too early to be really sure since I only have been using it for one day only. I will be using it all of next week and I will have a better opinion by the end of the week. But I have a good feeling that it is better then the standard tape

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)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

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 12:05 PM
Pace of Tape trader8642 NinjaTrader 7 August 6th, 2014 12:11 AM
Anyone here use tape reading in their methodology ? Xzap Traders Hideout 23 December 19th, 2013 05:03 AM
What is tape reading? Big Mike Traders Hideout 34 May 20th, 2011 08:58 AM


All times are GMT -4. The time now is 11:34 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 2017-12-17 in 0.07 seconds with 19 queries on phoenix via your IP 54.221.73.186