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:180,414 / 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

Reply
 285  
 
Thread Tools Search this Thread
 

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

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


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

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

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.

Attached Thumbnails
Tape is my shape (tape reading, time and sales)-es-up-1.jpg  
Reply With Quote
 
  #773 (permalink)
Trading for Profit
Russia
 
Futures Experience: Master
Platform: NinjaTrader, Tradestation
Favorite Futures: ES
 
Posts: 281 since Apr 2011
Thanks: 41 given, 333 received


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


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

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


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?

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

Futures Edge on FIO

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

yes
cover your shorts or protect them

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

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

Attached Thumbnails
Tape is my shape (tape reading, time and sales)-es-down-2.jpg  
Reply With Quote
 
  #777 (permalink)
Trading for Profit
Russia
 
Futures Experience: Master
Platform: NinjaTrader, Tradestation
Favorite Futures: ES
 
Posts: 281 since Apr 2011
Thanks: 41 given, 333 received

1) BIG prints at the offer
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

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

5) And than reaction and short covering to offers so sweet provided by the guys who bought at the low )))
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

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

Reply With Quote
The following 3 users say Thank You to bloom for this post:
 
  #778 (permalink)
Trading for Profit
Russia
 
Futures Experience: Master
Platform: NinjaTrader, Tradestation
Favorite Futures: ES
 
Posts: 281 since Apr 2011
Thanks: 41 given, 333 received


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 01:02 PM.
Reply With Quote
The following 2 users say Thank You to bloom for this post:
 
  #779 (permalink)
Trading for Profit
Russia
 
Futures Experience: Master
Platform: NinjaTrader, Tradestation
Favorite Futures: ES
 
Posts: 281 since Apr 2011
Thanks: 41 given, 333 received

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

War of BIG GUYS inside 1 tick. So tight spread. What does this mean? i dont know

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



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)?

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)
 

Anthony Drager: Pulling the trigger with confidence

Elite only
 

Leo Murphy: The Art and Science of Technical Analysis

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 06:43 AM.

no new posts
Page generated 2017-01-23 in 0.16 seconds with 20 queries on phoenix via your IP 174.129.78.73