Tape is my shape (tape reading, time and sales) - Traders Hideout | futures.io
futures.io futures trading

Tape is my shape (tape reading, time and sales)
Started: by bloom Views / Replies:180,087 / 1,003
Last Reply: Attachments:285

Welcome to futures.io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • 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, and we will never resell your private information.

-- Big Mike

Thread Tools Search this Thread

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

  #631 (permalink)
Trading for Profit
Futures Experience: Master
Platform: NinjaTrader, Tradestation
Favorite Futures: ES
Posts: 281 since Apr 2011
Thanks: 41 given, 333 received

Yesterdays market was very fast from the opening, and the opening has been in the range of the previous day. I decide a day would be balancing in the range, and so it is happening. There was 2 probability of day evolving:
A) Balance in the 1333-1342 area
B) Variation from this area down or up. So i decide to go with the flow of variation in it direction. Before the variation, i has doing scalps 1342 shorts and 1333 longs
There was only 2 trades i can execute because there was BIG guys, small risk and good reward.
I was short 1338.50 than long 1333.50
Then market went down i was with the flow as i planed and execute short trade at 1332.75.
Last trade was 1326 long- BIG guys- good limits and good risk reward.
So there was 4 trades
3 of 4 is +
1 of 4 is - this was long at 1333.50
I was in hurry and enter to early in attempt to catch the knife, but very quick i go out as i understand my mistake.
What is up today?
Yesterday we had liquidation of shorts.
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Market weak and it supposed to go down today. but market is market so i will keep my head focused for what is happening in the moment.
Todays opening will occur in the middle or close to range of the previous day. And this is important info too. Because such type of the opening show me there is exist probability of range day without direction.
At the moment my game plan scalps once again. Scalps at the range prices.
1333-1326 is the long area at the moment
1338-1342 short area
May be everything will change and i will change my game plan. Stick this thread and keep watching. May be i will do updates today time to time than i will have time

Reply With Quote
The following 2 users say Thank You to bloom for this post:
  #632 (permalink)
Trading Apprentice
Melbourne + Australia
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: XT (Aussie 10 year Bond)
Posts: 7 since Jun 2012
Thanks: 1 given, 4 received

Hi Bloom

Just wanted to say thanks for some of the most informative posts on tape/dom reading i have seen on any forum

Reply With Quote
  #633 (permalink)
Elite Member
Moscow Russia
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: futures
Posts: 127 since Apr 2012
Thanks: 44 given, 50 received

Guys, why did this thread die out? I find it to be very useful. I'm just starting to learn the tape and would love very much to contribute as much as possible.

Reply With Quote
  #634 (permalink)
Trading for Fun
Futures Experience: Intermediate
Platform: Broker
Broker/Data: Broker
Favorite Futures: Futures
Posts: 100 since Feb 2011
Thanks: 51 given, 38 received

List of signals

Understanding Big Limit orders-order flow analysis - Page 18 - indiTraders - Forum for the Active Indian Trader

Reply With Quote
The following 2 users say Thank You to rocky9281 for this post:
  #635 (permalink)
Elite Member
Johannesburg - South Africa
Futures Experience: Intermediate
Platform: Self built + Sierra + TWS
Favorite Futures: Stocks and Options
DarkPoolTrading's Avatar
Posts: 1,020 since May 2012
Thanks: 1,186 given, 1,265 received

Futures Edge on FIO

Which products do you trade?

Hi all,

Great thread. Im still working my way through it, but it's been a great read so far.

Are there any good books available on order flow and tape reading. I haven't been able to find any. Or if there aren't any decent books, what about online resources focused on this area?

Reply With Quote
  #636 (permalink)
Trading Apprentice
Melbourne + Australia
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: XT (Aussie 10 year Bond)
Posts: 7 since Jun 2012
Thanks: 1 given, 4 received

There is not alot of good info out there. There are some posts by someone on elitetrader called stfreak that i found helpful.

Last edited by havaiana; September 13th, 2012 at 09:18 PM. Reason: spelling
Reply With Quote
The following 2 users say Thank You to havaiana for this post:
  #637 (permalink)
Elite Member
near Paris, France
Futures Experience: Beginner
Platform: -
Favorite Futures: -
Nicolas11's Avatar
Posts: 1,070 since Aug 2011
Thanks: 2,232 given, 1,726 received

Thanks @havaiana,

I have found this 1-page thread where "stfreak" briefly describes his/her vision of 3 tape patterns:
- trend / path of least resistance
- absorption
- breakout

Forums - can tape reading be applied to futures?


Reply With Quote
The following 4 users say Thank You to Nicolas11 for this post:
  #638 (permalink)
Elite Member
Chicago, IL
Futures Experience: None
Platform: NinjaTrader
Favorite Futures: Euro
Posts: 212 since Nov 2010
Thanks: 158 given, 63 received

snusnufreak View Post
Guys, why did this thread die out?

Because only a couple of people where contributing while there was ~30,000 views.

Reply With Quote
  #639 (permalink)
Elite Member
Futures Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
Broker/Data: AMP, S5, IB
Favorite Futures: ES
DionysusToast's Avatar
Posts: 2,375 since Nov 2010
Thanks: 725 given, 7,184 received

True pbylina...

The best way for people to get more info on this is to observe and then ask questions about their observations.

If people would put the time in and then come back here when they struggle or even after every few days of watching to ask questions about what they see - it would be a great thread.

This isn't about setups, no-one's going to give you a magic money making formula from tape. Once you spend time on it, you'll have a lot of questions and it certainly appears that people still have their eye on the thread.

60-90 minutes per session. 1-2 sessions per day. Charts off. Total focus.

Do that 5 or 6 times and you will have a hundred questions about what you are seeing. That's the way to learn.

Reply With Quote
The following 5 users say Thank You to DionysusToast for this post:
  #640 (permalink)
Site Administrator
Manta, Ecuador
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
Big Mike's Avatar
Posts: 45,652 since Jun 2009
Thanks: 29,044 given, 80,647 received

For those that study order flow or tape reading, there is an upcoming webinar that you may find interesting:



Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following user says Thank You to Big Mike for this post:


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)

2016 True Edge Awards: Voting is open until Jan 21!


Bookmap New Indicator Panel, Cumulative Delta, Order Flow demo

Jan 17

An Afternoon with FIO member Massive l

Elite only

Leo Murphy: Making sense of Technical Analysis and Random Walk

Elite only

FuturesTrader71: Ask Me Anything

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 05:05 AM.

no new posts
Page generated 2017-01-17 in 0.15 seconds with 20 queries on phoenix via your IP