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Tape is my shape (tape reading, time and sales)
Started:May 20th, 2011 (08:34 AM) by bloom Views / Replies:180,044 / 1,003
Last Reply:January 8th, 2017 (07:13 PM) Attachments:285

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

Old   #691 (permalink)
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ES 18.12.12 - long (continued)

Here's the deal: Tape around the area of second bottom:

ES 18 12 12 UP double bottom - YouTube

00:00 - 01:00 A lot of selling pressure is seen in tape and current trades, plus it increases towards the downside.

1:03 - big chunk of buy orders which take out 1 DOM level out of nowhere. Couyld this be big player accumulating longs? I don't know. I can only tell right now after the fact.


1:03 - 2:00 selling resumes, I see that bid is kept relatively small (250 - 300) then at 1:53 we see big chunk of selling.

2:00 - 2:10 holding of 1425.75 lvl - a lot of limits being added to the bid there and a lot of trading is going on there.

2:10 - big buy market orders @ 26.00 and 26.25.
25.75 bid holds. Green prints start to appear in the tape.

This would be a timing for perfect long entry off the double bottom described in previous post.

Its also interesting how offers appear in DOM instantly at 2:43 in the 26.75 - 27.50 price range. Could this be for luring further people to the down side?

3:00 - 5:00 as price moves down a couple ticks inside bid is kept relatively small. We see a lot of trading going against 26.25 lvl and probably an iceberg.

5:00 - 5:20 price ticks through 26.25 but never really trades on the bid at 26.00

some buying is seen further in the current trades for few ticks higher

5:33 limits are being added to 26.00 lvl on the bid (~2500 - total number)

5:42 limits are being pulled away from the offer at 27.25 - 27.75 (see attached pic)

I would say this is a second chance to enter long somewhere here.

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Tape is my shape (tape reading, time and sales)-1.png  
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Old   #692 (permalink)
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ES 19.12.12 down - 1

Yesterday right at the open price started to drop down, there where numerous possibilities to enter short.

Here's the first one: (See attached pic and place)

The video for tape in this place is following:

ES 19 12 12 down 1 - YouTube

00:00 - 00:10 holding of 43.50 lvl on bid, at 00:10 someone buys out 43.75 lvl hitting the ask.

00:10 - 00:14 holding of 43.75 lvl on bid, at 00:14 someone buys out 44.00 lvl hitting the ask.

My guess is that someone is luring in the buyers with this action, placing an iceberg @ 1444.00 lvl

Price ticks to 44.25 but immediatley ticks back down, we see a lot of trading on the ask @ 1444.00

00:17 someone hits the market on bid on 43.75 - 43.50 poulling off limits there and stacking them on the offer at the opposite side. This is a place to enter. However it all happened super-fast and probably, i' wouldve missed it.

==============================

@DionysusToast, I've also noticed that current trades fields refresh every 2,5 seconds and sometimes we see irrelevant information on the inside bid/ask snapshot fields.

Consider attached screenshot (two adjacent frames from my capture):

1. Market ticked up to 44.25 someone hits the bid @ 44.00 selling through the level and price ticks down to 43.75 - and we immediately see 2060 in snapshot field there as amount traded there didn't refresh.

What would you recommend to get rid of this issue - e.g. how do I play with preferences to may be make things a bit faster?

Snapshot field is very useful and i don't want to abandon it completely. But such misconceptions make me look at wrong things when watching it real-time.

Thank You!

Attached Thumbnails
Tape is my shape (tape reading, time and sales)-es-03-13-55-tick-19_12_2012.jpg   Tape is my shape (tape reading, time and sales)-snapshot.png  
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Old   #693 (permalink)
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snusnufreak View Post
@DionysusToast, I've also noticed that current trades fields refresh every 2,5 seconds and sometimes we see irrelevant information on the inside bid/ask snapshot fields.

Consider attached screenshot (two adjacent frames from my capture):

1. Market ticked up to 44.25 someone hits the bid @ 44.00 selling through the level and price ticks down to 43.75 - and we immediately see 2060 in snapshot field there as amount traded there didn't refresh.

What would you recommend to get rid of this issue - e.g. how do I play with preferences to may be make things a bit faster?

Snapshot field is very useful and i don't want to abandon it completely. But such misconceptions make me look at wrong things when watching it real-time.

Thank You!

Best to email me to discuss in detail but to be honest, I think it's OK the way it is, but it can be modified.

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Old   #694 (permalink)
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This is a video for someone that asked me to record my thoughts on a live market to help them understand what to look for in the order flow.

The first 15 minutes is commentary and worth listening to for those new to order flow. At 15:00-16:00, it becomes clear the market has reversed and we start looking for a pullback. At 20:30 the market does turn down and we get in long on that pullback when the order flow confirms at around 22:45.

I cut the video after 4 contracts were taken off because it was churning around and there was no benefit in recording that. I got stopped out at B/E on the rest when it came back after it was announced that the Dems & Republicans were no longer going to play nicely together on the issue of the Fiscal Cliff.



Switch to HD & Full screen unless you have REALLY good eyes.


Last edited by DionysusToast; December 20th, 2012 at 09:33 AM.
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Old   #695 (permalink)
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Old   #696 (permalink)
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Hi.
This is my first record.
High day, tape marked in green. There I saw for myself anything that would give me to understand that we will not go up, and fall down.
Was there anything that could give me this?
Thank you.
GC201212 - AlexSatter's library

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Old   #697 (permalink)
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Click on the word YouTube in my post to learn how to embed YouTube videos into posts. This is important, as most people won't click on external links.

Mike

Well that was easy! Thanks...

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Old   #698 (permalink)
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Guys this is GREAT. THis is what exactly i want from this thread. Keep on going this way. It would be priceless forum for tape readers))))
Cheers

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Old   #699 (permalink)
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AlexSatter View Post
Hi.
This is my first record.
High day, tape marked in green. There I saw for myself anything that would give me to understand that we will not go up, and fall down.
Was there anything that could give me this?
Thank you.
GC201212 - AlexSatter's library

Now you need to Record a video of a breakout of top or low of the day and compare this this situation. You will see how tape behave itself differ from this case.


Last edited by bloom; December 21st, 2012 at 06:38 AM.
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Old   #700 (permalink)
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AlexSatter View Post
Hi.
This is my first record.
High day, tape marked in green. There I saw for myself anything that would give me to understand that we will not go up, and fall down.
Was there anything that could give me this?
Thank you.
GC201212 - AlexSatter's library

Alex, I would say that we see buying against 72,8 lvl and immediately after that we see that prints in tape start appearing at 72,7 - 72,5, there are 2-5 lots prints seen opposed to mostly 1 lot buying against the 72,8 lvl. This tells me that someone wanted to hold the level and sold @ market right when price touched it. The trade here would be to sell right with the guy around 72,5 - 72,4. Fast reaction!

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