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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)

  #881 (permalink)
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bisecom View Post
Hi snusnufreak, thanks for your message.
Yes, you are right, I will try next trades on more fresh market!

I re watched the video and found out it is not so informatics. Because not all arguments could be seen at it.
As I found an action, I opened a soft to record the screen and recorded the trade.
But it would be more interesting to see at the arguments..
Its better to record more timer and then cut off not interesting periods.

As for your trades, you use cumulative delta. How do you us it before to take a trade?

Hi, Bisecom! I'll reply you tomorrow on Cumulative Delta, sorry for my absence - lots of work lately...

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  #882 (permalink)
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Greetings, guys! here are my today's trades: No videos for today sorry!

Bisecom, regarding the cumulative delta, please read DT's thread on liquidity:
https://futures.io/traders-hideout/22206-understanding-liquidity-market-pullbacks.html

This one is good too! Valuable information which helps to understand how markets work!
https://futures.io/traders-hideout/23779-day-trading-support-resistance-levels-e-mini-s-p500-futures-2.html

When i use CD i like to see that it trends along with the price trend, I also pay attention to delta spikes, which are better seen on delta volume indicator. Consider second chart attached (bottom indi)

Overall, all reversals happen in 3 stages:

1. Culmination - big sells or big buys, usually at some S/R level.
2. Accumulation - low volumes (small range delta bars) price ticks up and down (best seen on range bars).
3. Stop run and initiative - pressure builds up in opposite direction (delta bars and volume gains strength).

Also here's the video which explains reversals from order flow point of view. When responsive demand meets initiative supply - that is where you get big volumes.


Hope this helps!

Attached Thumbnails
Tape is my shape (tape reading, time and sales)-es-03-13-momentumbars-1-trueopen-01_03_2013.jpg   Tape is my shape (tape reading, time and sales)-es-03-13-momentumbars-1-trueopen-01_03_2013-2.jpg  
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  #883 (permalink)
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snusnufreak View Post
Greetings, guys! here are my today's trades: No videos for today sorry!

Bisecom, regarding the cumulative delta, please read DT's thread on liquidity:
https://futures.io/traders-hideout/22206-understanding-liquidity-market-pullbacks.html

Hope this helps!

Thanks a lot snusnufreak!
I will check the info.

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  #884 (permalink)
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snusnufreak View Post

This is a great video.

Just one thing though - as we get into really thick areas and slow down (as we have in the last few weeks), this sort of technique won't work as well.

Mostly because there is so much churning going through all the levels that you aren't getting the same sort of reactions right now.

As the volatility increases, I think this sort of analysis is very smart. Shame the blog isn't around any more.

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  #885 (permalink)
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Futures Edge on FIO

Which products do you trade?

 
Hi guys, I have been following this thread and am starting out to learn how to read the order flow.

I have a question on the DOM window. I noticed that on some DOMs, there is a column of numbers on the right for each price level. On some DOMs, this column is missing.

What do these numbers represent and how do they help out in tape reading?

Are they a necessary component of the DOM? The reason for this question because some DOM windows i saw only have bid/ask and price columns.

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  #886 (permalink)
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mrBean888 View Post
Hi guys, I have been following this thread and am starting out to learn how to read the order flow.

I have a question on the DOM window. I noticed that on some DOMs, there is a column of numbers on the right for each price level. On some DOMs, this column is missing.

What do these numbers represent and how do they help out in tape reading?

Are they a necessary component of the DOM? The reason for this question because some DOM windows i saw only have bid/ask and price columns.

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

It's a volume profile distribution and the numbers represent the amount of volume traded at that level.

You can check the main Volume Profile thread for discussion on value areas, points of control, and more:
https://futures.io/elite-circle/20727-volume-profile-footprint-discussion.html

And I wouldn't trade without it. But I am not a scalper.

Mike

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  #887 (permalink)
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Tape reading tends be be mentally exhausting, it is relatively easy to miss something, and for all but a gifted few, the trading patterns hidden in this data can not be directly observed

* If investing gets too difficult for a seventh grader to understand, the system is needlessly complex
* Markets produce an enormous volume of information, much of which is redundant
* In every game and con there's always an opponent, and there's always a victim. The trick is to know when you're the latter, so you can become the former
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  #888 (permalink)
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Jonson View Post
Tape reading tends be be mentally exhausting, it is relatively easy to miss something, and for all but a gifted few, the trading patterns hidden in this data can not be directly observed

You could say the same about driving a car when you have just had 2 lessons.

After 100 hours of driving, it's something you do without much thought.

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  #889 (permalink)
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DionysusToast View Post
... ... After 100 hours of driving, it's something you do without much thought.

And after 10,000hrs of driving you probably wish you had chosen to be trader rather than driving a taxi for a steady 'day job'.

Richard
Hong Kong
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  #890 (permalink)
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RichardHK View Post
And after 10,000hrs of driving you probably wish you had chosen to be trader rather than driving a taxi for a steady 'day job'.

10 k hours? Yes. This is magik number. But you can use your skills of TapeRiding for trading even after 4 k hours of practice.

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