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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)

  #681 (permalink)
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so the record will be broken, and that the levels and which will deduct the price rebounded.
In order to clearly define what is level, I define it for myself so.
base from which there was a sharp departure prices.



the same level is a high/low of the day, or a movement.
That right?

What to look for a time frame with a tape?

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  #682 (permalink)
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I agree with Bloom - replay is jumpy.

Much better would be a screen recording where it's also easier to go back & forth.

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  #683 (permalink)
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AlexSatter View Post
so the record will be broken, and that the levels and which will deduct the price rebounded.
In order to clearly define what is level, I define it for myself so.
base from which there was a sharp departure prices.



the same level is a high/low of the day, or a movement.
That right?

What to look for a time frame with a tape?

Time frame is up to you. I use 750 volume during ETH for the 6E. The white dotted lines are my key levels that I watched today. So what I would do is watch the tape and DOM when price gets close to these levels. You could mark your levels where you think there will be some type of reaction.

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  #684 (permalink)
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Xav1029 View Post
Time frame is up to you. I use 750 volume during ETH for the 6E. The white dotted lines are my key levels that I watched today. So what I would do is watch the tape and DOM when price gets close to these levels. You could mark your levels where you think there will be some type of reaction.

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xav,i noticed your levels..Are these similar or differeent than your levels from a month ago?They seem more on the periphery,which i personally like...looking for reject areas,not breakouts

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  #685 (permalink)
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bobarian View Post
xav,i noticed your levels..Are these similar or differeent than your levels from a month ago?They seem more on the periphery,which i personally like...looking for reject areas,not breakouts

They are similar to my levels a month ago Bob. If you ever see me trade a breakout, I am not following my trading plan. My view on breakouts is I should already be in the trade when they happen, and if I'm not I should wait for a PB to enter. Of course I don't always follow my rules though

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  #686 (permalink)
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Xav1029 View Post
They are similar to my levels a month ago Bob. If you ever see me trade a breakout, I am not following my trading plan. My view on breakouts is I should already be in the trade when they happen, and if I'm not I should wait for a PB to enter. Of course I don't always follow my rules though

i agree,as far as breakouts are concerned...the entry was back there....

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  #687 (permalink)
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hi all.
I have one question.

Somebody sells the European session on the tape? Or is all the trade only American? (RTH).
If someone sells both sessions, it is necessary to take into account the liquidity and volume. Europe to filter strip should be one for the other America. I understand you correctly?
How is the value determined? For example, for 6E. Which filters are set for Europe? Which filter for America?

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  #688 (permalink)
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ES 18.12.12

Long entry shortly after the RTH open

ES 18 12 12 UP open - YouTube

00:20 - 00:30

I see a lot of limit order stacking both on 26.25 bid and 26.50 offer, looks like two big guys are battling. Otherwise i can not explain this PA. Please suggest what happened here?

00:30 - 00:50 - buying on the tape till the 27.50 lvl, which quickly dries up.

1:00 - 1:30 selling resumes, on 26.00 lvl we see a lot of activity

2:00 - 2:12 I see that a lot of trading goes against 25.75 first on bid side, then price ticks down, not much trading is seen on 25.50 lvl and then immediately after that I see a lot of active buying against the same level both in tape and DOM. I would've entered somewhere here.

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  #689 (permalink)
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snusnufreak View Post
Long entry shortly after the RTH open

ES 18 12 12 UP open - YouTube

00:20 - 00:30

I see a lot of limit order stacking both on 26.25 bid and 26.50 offer, looks like two big guys are battling. Otherwise i can not explain this PA. Please suggest what happened here?

Seems like this was the "theme" for yesterday. Seeing it sit on a level, thousands of contracts hit both sides, move to another level, same thing again. I don't have any explanation for it but you will probably see more of this as the volume dries up for the rest of the year.


snusnufreak View Post
00:30 - 00:50 - buying on the tape till the 27.50 lvl, which quickly dries up.

1:00 - 1:30 selling resumes, on 26.00 lvl we see a lot of activity

2:00 - 2:12 I see that a lot of trading goes against 25.75 first on bid side, then price ticks down, not much trading is seen on 25.50 lvl and then immediately after that I see a lot of active buying against the same level both in tape and DOM. I would've entered somewhere here.

I like the way it slips through to 25.50 a number of time & each time it does, they just take out the offers again. It does finally slip through to 25.25 and then the buy market orders come in. It seems to tick back up a lot 'easier' than it ticked down.

This sort of action, where the "with trend" players back off is your aggressive entry. When the counter-trend players step in, that's a less aggressive entry. Lot's of time's you will see "with trend" players back off only for it to be a pause in the action before it continues the original move. That's a good way to get run over on a one-way day.

The toughest reversal is the one where you get to a level and out of nowhere, countertrend orders just flood the market with no warning. There's really no warning and order flow doesn't help to nail that original move because by the time you see it, the market moved up 6 ticks. Then you have to figure out if this is a reversal and whether you can now find a pullback to get in on.

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  #690 (permalink)
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ES 18.12.12


I'm about to record a video for today so this analysis I will try to explain later on.

For now, here are some pictures explaning on why I would initially look for longs in this area:

1. 1H - overall trend is to the upside, price retests important level and sits right at Previous high lvl

2. 5M - double bottom with delta divergence and prety volume combination which shows some buying action.

3. Tick chart - POC confirmes the entry. Tape needs to be analized at the green arrow area, I will do that in my next post.

Attached Thumbnails
Tape is my shape (tape reading, time and sales)-es-03-13-60-min-19_12_2012.jpg   Tape is my shape (tape reading, time and sales)-es-03-13-5-min-19_12_2012.jpg   Tape is my shape (tape reading, time and sales)-es-03-13-750-tick-19_12_2012.jpg  
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