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Tape is my shape (tape reading, time and sales)
Started: by bloom Views / Replies:184,019 / 1,003
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Tape is my shape (tape reading, time and sales)

  #771 (permalink)
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snusnufreak View Post
Bloom, what filter would you recomend to use? My left tape is raw, right one has filter of 50. Honestly, right now i do pay more attention to the DOM rather than to the tape. But as I get further I believe tape/DOM is a powerful combination to make precise entries.

I do not know what to recommend but i use 100 filter for usual tape and 5 filter for reconstr tape

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  #772 (permalink)
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ES - up 1

Looking at PA and cumulative delta - both printing Higher High, Higher Low. Then some interesting action is seen both in tape and DOM right after US open:



First minute of the video or so to me looks like someone is bidding 53.50 lvl, then whenever bid gets eaten up - he buys whatever is offered at the same level. HE also keeps big offers at 53.75 and higher probably making people go short. Look how around first ten secondds of the video 3000 offer flashes at 53.75

At around 1:20 - 1:30 same thing happens at 53.00/53.25 inside bid/offer, look how tape is mostly green. Also only 64 trades go against 53.00 when price breaches 53.25 and someone keeps 2000 offer at 53.50

Around 1:32 when 53.25 gets bought out look how bids firm up and offers get pulled. I think trade here is to go long at 53.50 - we had plenty of time from around 1:30 till 1:50 - almost 20 sec to make a decision.

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  #773 (permalink)
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Look at those crazy sellers. What will happened next? Will see

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  #774 (permalink)
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bloom View Post
Attachment 98959

Look at those crazy sellers. What will happened next? Will see

You mean crazy limit selers at 1448.00 - 1448.25?

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  #775 (permalink)
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Futures Edge on FIO

snusnufreak View Post
You mean crazy limit selers at 1448.00 - 1448.25?

yes
cover your shorts or protect them

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  #776 (permalink)
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ES - short entry

The spot to go short (see chart)

Price made Lower-Low and Lower High. Delta confirmed the move, compared to previous swings and even broke the lows. Then price made a small consolidation with delta not retracing much (DT, i think this is a good example of what you describe as liquidity vacuum: https://futures.io/traders-hideout/22206-understanding-liquidity-market-pullbacks.html)

I tried to go short here but was slow and placed limit at 53.50 right when price left the spot.

Here's the video:



00:00 - 00:15 looks like there was an iceberg on 53.50 offer.

00:46 ~2000 flash on the inside bid @ 43.50
Around 1 minute mark I see 100 contracts trade against 53.75 offer, price pokes through to 54.00 but immediately falls back down, then I see bids being pulled away from 53.50 bid

Till approx 1:55 very little trades go against BBO. But right around this time someone slams 53.50 bid puls away bids from 53.25 and 53.00 and offers at 53.50, 53.75 and 54.00 300 to 500 more than there was before that. I put limit at 53.50 right around this time, but should've been hitting 53.25 bid with the market

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  #777 (permalink)
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1) BIG prints at the offer
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Shows us big guys are selling. But another big guy buy it)))
2) test 1446 25. if big guy just bought at 1448 than his stop orders in the area 1446. Are stops had worked? Nope. Than this buyer were short cover guy)))
3)Than we see lag of sellers to fill big BID. Tape slows and show there is no large amount of volume to move lower.
4)Than price going up and what we see? Strong ask weak bid.
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5) And than reaction and short covering to offers so sweet provided by the guys who bought at the low )))
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thats why in such situation we must protect or cover shorts
Yesterday you see the same prints at the offer big printing blocks, but outcomes are different)))
Right now we entering consolidation. So do scalps

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  #778 (permalink)
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snusnufreak View Post
The spot to go short (see chart)

Price made Lower-Low and Lower High. Delta confirmed the move, compared to previous swings and even broke the lows. Then price made a small consolidation with delta not retracing much (DT, i think this is a good example of what you describe as liquidity vacuum: https://futures.io/traders-hideout/22206-understanding-liquidity-market-pullbacks.html)

I tried to go short here but was slow and placed limit at 53.50 right when price left the spot.

Here's the video:



00:00 - 00:15 looks like there was an iceberg on 53.50 offer.

00:46 ~2000 flash on the inside bid @ 43.50
Around 1 minute mark I see 100 contracts trade against 53.75 offer, price pokes through to 54.00 but immediately falls back down, then I see bids being pulled away from 53.50 bid

Till approx 1:55 very little trades go against BBO. But right around this time someone slams 53.50 bid puls away bids from 53.25 and 53.00 and offers at 53.50, 53.75 and 54.00 300 to 500 more than there was before that. I put limit at 53.50 right around this time, but should've been hitting 53.25 bid with the market

Look at your 5 tape from 18 50 45 to 18 51 09 after 18 51 09 and than after 18 52 00. Watch at how it moves. Fast moves, slows, stand still, accelerate and once again moves fast but in another direction))) BUT it can to begin accelerate and move fast in the same direction that were earlier))


Last edited by bloom; January 8th, 2013 at 12:02 PM.
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  #779 (permalink)
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War of BIG GUYS inside 1 tick. So tight spread. What does this mean? i dont know

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  #780 (permalink)
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bloom View Post
Look at your 5 tape from 18 50 45 to 18 51 09 after 18 51 09 and than after 18 52 00. Watch at how it moves. Fast moves, slows, stand still, accelerate and once again moves fast but in another direction))) BUT it can to begin accelerate and move fast in the same direction that were earlier))

Thanks bloom, I get the idea now! Its like waves. When it slows down, do we have to see big prints (limit buyer/seller holding the level)?

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