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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)

  #801 (permalink)
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ES long entry

Here's the one i missed. But it was well justified both from PA point of view and Tape/DOM setup.

Price pulled back to POC, forming another HL (higher low) and printed a reversal setup in DOM/tape:

Here's the video around this place:




First 30 seconds of the video take a look how many trades go at 62.50 bid and no prints go at 62.25 bid whatsoever, only 24 trades trade there afterwards.
Around 40 seconds mark, notice how 62.25 and 62.50 are being stacked and 62.75 and 63.00 offers are being pulled.

Then at 1:05 62.50 finally breaks and prints start go off at 62.25. It gets broken, no trades go off at 62.00, 1462.50 offers becomes 3000! From 1:18 to 1:22 1462.25 offer gets quickly taken out. and offers at 1462.50 change from 3000 to roughly 700 - this is a spot to go long, hitting 62.50 offer - look how at the same time inside bid builds up and off we go!

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  #802 (permalink)
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ES - up breakout

This one is cool! Price stood for 20 minutes around one spot, so much trading was going one here, and then finally the buyers won.



I show only part of the video for sake of time sparing, but please notice how much buying is going on after breakout - we see numbers around 4000 in current trades field - these are stops of those who shorted here and take profits of some smart money who was building up his long position for the whole 20 minute period.

One interesting thing worth noting is that those offers where standing there long before the actual breakout. Overall the DOM looked very interesting too - only BBO had average numbers, 2 -3 levels lower and higher were all stacked with a lot of limits.

I can't explain actual setups here, I just felt like it should break - because a lot of selling was absorbed and price kept pulling back less and less closer to the breakout, forming some sort of flag patten.

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  #803 (permalink)
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snusnufreak View Post
This one is cool! Price stood for 20 minutes around one spot, so much trading was going one here, and then finally the buyers won.



I show only part of the video for sake of time sparing, but please notice how much buying is going on after breakout - we see numbers around 4000 in current trades field - these are stops of those who shorted here and take profits of some smart money who was building up his long position for the whole 20 minute period.

One interesting thing worth noting is that those offers where standing there long before the actual breakout. Overall the DOM looked very interesting too - only BBO had average numbers, 2 -3 levels lower and higher were all stacked with a lot of limits.

I can't explain actual setups here, I just felt like it should break - because a lot of selling was absorbed and price kept pulling back less and less closer to the breakout, forming some sort of flag patten.

I see you begin to understand good )))

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  #804 (permalink)
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tape thread

Hi everybody!
First of all, I wish to send my best wishes to topic starter of the thread as it is very interesting and there are not a lot of threads which could describe so many things about tape.

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  #805 (permalink)
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bisecom View Post
Hi everybody!
First of all, I wish to send my best wishes to topic starter of the thread as it is very interesting and there are not a lot of threads which could describe so many things about tape.

Hi, bisecom!

Please join in! bloom had indeed done a great job in this thread!
Pardeon me for my absence, i had a lot of work recently so didn't have time to post videos. I will resume my work here shortly.


Last edited by snusnufreak; January 23rd, 2013 at 05:23 AM.
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  #806 (permalink)
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Guys it is not only me. DyonisusToast and others too make this thread a good one )))
Thanks to all of you

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  #807 (permalink)
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ES 22.1.2013 - down

Hello, guys!

I'm back. Unfortunately i didn't manage to practice trades yesterday, so i just made a video and now will cover most interesting spots of it with pics and commentary.

Here's the first one - shortly after RTH open. Look at the pic, then watch closely the video around this area.



Beginning of video, we see how bids hold at 1480.50. Ofcourse after the fact I can tell that this probably was done to attract more buyers into the market to make an impression that the market is still strong and willing to breakout current highs.

At around 00:20 I see market go to 1481.00 a lot of green in tape, but instantly a slam of ~500 contracts is done against 1480.75 lvl - someone is selling (probaly the guy who held the 1480.50 bid, covering his 1 tick longs plus accumulating shorts at the same time.

00:30 - situation repeats, no trades go off at 1481, 420 sold against 1480.75, looks like 1480.75 offer has an iceberg there.

00:40 - 00:50 no one wants to buy at 1481.00, and at 00:50 582 contracts get sold against 1480.75 once again.

This is a good place to go short - after we've seen same type selling action repeat several times on the resistance level.

1:15 - 1:20 - same stuff. + offers above inside get stronger - another chance for slower thinkers, lol =)


1:50 - 2:00 - again...

And off we go.

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  #808 (permalink)
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ES 22.1.2013 - down 2

Entry off the same level, almost identical to the first one in terms of price/volume action.

See pic.



First 40 to 50 sec of the video I see similar action to the previous example - selling is much faster in the DOM than buying. And there is a lot of buying, so level is being holding with limits. At the beginning of the video we seetwo big prints at 80.75 81.00 price level.

At around 45 sec there is a big print of 1895 contracts against 1481.25 offer. Price goes quickly up three levels - 1481.00 1481.25 and 1481.50 - could these be stops of people who tried to short off the 1480.75 lvl itself? Probably, given the reason that in the beginning of the video we see a lot of selling at 1480.75 and 1480.50 levels, but they hold. Also notice how bids firm up.

00:50 - 1:00 a lot of selling at 1481.25, 1:00 - 1:40 - 1481.25 offer absorbs all the buying and finaly gets broken, only 3 contracts trade at 1481.50 and then big chunk of selling goes against 1481.25 bid (notice how 1481.50 offer firms up and 1481.00 bid leaves). first possibility to go short

2:00 - 2:15 inside offer grows, no contracts trade there and then someone sells into 1481.00 - 587 contracts in tape, this is a place to go short (second chance) notice how 1481.25 offer firms up and 1481.75 bid leaves

3:30 - 3:40 another setup for short. And later on we see downmove unwind.

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  #809 (permalink)
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snusnufreak View Post
Hi, bisecom!

Please join in! bloom had indeed done a great job in this thread!
Pardeon me for my absence, i had a lot of work recently so didn't have time to post videos. I will resume my work here shortly.

Thank you snusnufreak. A lot of video and efforts. Yes, unfortunately I also have no enough time to study, but its my problem.. I hope to solve it and spend more time for tape..


bloom View Post
Guys it is not only me. DyonisusToast and others too make this thread a good one )))
Thanks to all of you

Dear bloom, yes, you are right. Thanks a lot to Dyonisus Toast for his job, especially for coolest type of tape made by him and other participants.
It will be my pleasure to post my trades at videos with hope for some comments.
Profits to all!

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  #810 (permalink)
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ES 24.1.2012


Hello guys, Unfortunately didn't trade today again but have a recording, there are three interesting spots to consider in opinion after I've reviewed the video. Here's the first one - right on market open (see pic where it shows the support and reson to look for longs)



00:53 - US market open

Initial open frenzy here is off no interest, but the moment to consider the trade happens around 2:20 - 2:30 when there is active market buying both in tape and dom against 88.00 lvl. Right after it gest broken look how 88.00 bid sticks and 88.25 and 88.50 offers get pulled in my opinion this is a pllace to make a long trade.

Tape is interesting to watch here. At first its fast, a lot of red, but then chop starts - it goes back and forth, back and forth. I see chunks of green that show bigger and bigger prints each time. From 2:#0 to 2:30 buy prints start to dominate and tape accelerates again - this is a spot to conside entry.

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