Tape is my shape (tape reading, time and sales) - Traders Hideout | futures io social day trading
futures io futures trading


Tape is my shape (tape reading, time and sales)
Updated: Views / Replies:230,201 / 1,262
Created: by bloom Attachments:311

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • 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.

-- Big Mike, Site Administrator

Reply
 311  
 
Thread Tools Search this Thread
 

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

  #971 (permalink)
Trading for Profit
Russia
 
Futures Experience: Master
Platform: NinjaTrader, Tradestation
Favorite Futures: ES
 
Posts: 419 since Apr 2011
Thanks: 46 given, 502 received


adamov View Post
Makes sense, but I still fail to see the difference how pros react short or long.
I really want to understand this.

You confused and this is good ))) This is mean you open to everything. Keep this way


DionysusToast View Post
One of the keys to any trading methodology is understanding the state of the market.

1) State of market:
  1. Busy market (season,opening - closing, breakouts, trends, earning seasons, big news)
  2. Relaxed market (lunch time, flat, no news or before big news, hollidays).
  3. Thin or thick market.
This changing many things.

DionysusToast View Post
At some point buying will no longer be moving price up.

2) Price Action:
Bias of the market (HHHL; LHLL;Flat)
Momentum - angle and length
3) Order flow:
Market orders
Limit orders

DionysusToast View Post
buying will move price up - but there is a seller looking to absorb that buying. They just know that if they do that too early, it will discourage other buyers.

4) All of this combined together makes the understanding of reaction
You see large transaction at the low of the day 2000
Some period of time after this you see price is going up 3 points 2000-2003
Once again at 2003- you see large transaction
And price continues higher 3 points. 2006
At 2006 you see large transaction and price try to go higher but could not
Once again 2006 large transaction - price stands still
Once again 2006 large transaction - price stands still
You think "I think it will go lower now. I see heavy seller here"
But price does not goes lower. It continues to stand 2006-2005 and print large transactions. This is actuall a reaction of pros to this situation. And this is one type of reaction. They continue to hold long and buying.
But it could go lower at 2003-2004. Than this is another reaction to 2006 price and transactions at this price. They drop longs and start to selling at the ofer.
If you could to understand which of them you see you could trade them


DionysusToast View Post
They just know that if they do that too early, it will discourage other buyers.

This the key words )))) This is what market about ))) to make you think the way they want


Last edited by bloom; January 16th, 2015 at 07:24 AM.
Reply With Quote
The following 2 users say Thank You to bloom for this post:
 
  #972 (permalink)
Elite Member
Budapest, Hungary
 
Futures Experience: None
Platform: ninjatrader
Favorite Futures: FGBL / FESX / ES / ZN / ZB
 
adamov's Avatar
 
Posts: 84 since Jun 2012
Thanks: 37 given, 48 received

All right guys, I think I see what is the problem here.
I was chasing the wrong thing the whole time. A method that will tell me what is going to happen next. Something that is going to predict price movement for the next minutes or couple of ticks based on the events of the past.

Whats wrong with this approach?
It doesnt matter how strong the support line is there, how many contracts traded there earlier, how many bids are pulled out, what was the employment data like, not even my horoscope. None of them will stop or move the price up or down.
These are history, nothing more.

Only the orders during the following minute will determine what the price is going to be in the end of the next minute. Market and limit orders of other traders.
What are those orders gonna be? You can never know. Even if you knew that a big player will come in who has the buying power to clear up limit orders from several price level to move the price up or down, a bigger fish could come in too and fade that move.

The best you can do is to abandon all your expectations and focus on what’s happening NOW by following other traders reaction.
Then re-eavaluate the situation, price by price, second by second, tick by tick and react if you have to.

How couldn’t I see this earlier?! It is in the very first post:

bloom View Post
Remains unchanged a universal mechanism or a chain, we need to work out. It prints and market reaction to them. Depending on the response we make a trade. Nothing else.


Reply With Quote
The following 2 users say Thank You to adamov for this post:
 
  #973 (permalink)
Trading for Profit
Russia
 
Futures Experience: Master
Platform: NinjaTrader, Tradestation
Favorite Futures: ES
 
Posts: 419 since Apr 2011
Thanks: 46 given, 502 received



adamov View Post
All right guys, I think I see what is the problem here.
I was chasing the wrong thing the whole time. A method that will tell me what is going to happen next. Something that is going to predict price movement for the next minutes or couple of ticks based on the events of the past.

Whats wrong with this approach?
It doesnt matter how strong the support line is there, how many contracts traded there earlier, how many bids are pulled out, what was the employment data like, not even my horoscope. None of them will stop or move the price up or down.
These are history, nothing more.

Only the orders during the following minute will determine what the price is going to be in the end of the next minute. Market and limit orders of other traders.
What are those orders gonna be? You can never know. Even if you knew that a big player will come in who has the buying power to clear up limit orders from several price level to move the price up or down, a bigger fish could come in too and fade that move.

The best you can do is to abandon all your expectations and focus on what’s happening NOW by following other traders reaction.
Then re-eavaluate the situation, price by price, second by second, tick by tick and react if you have to.

How couldn’t I see this earlier?! It is in the very first post:

I am glad and happy about you))))
This is the way))


Last edited by bloom; January 16th, 2015 at 12:55 PM.
Reply With Quote
 
  #974 (permalink)
Trading for Profit
Russia
 
Futures Experience: Master
Platform: NinjaTrader, Tradestation
Favorite Futures: ES
 
Posts: 419 since Apr 2011
Thanks: 46 given, 502 received


adamov View Post
The best you can do is to abandon all your expectations and focus on what’s happening NOW by following other traders reaction.
Then re-eavaluate the situation, price by price, second by second, tick by tick and react if you have to.

How couldn’t I see this earlier?! It is in the very first post:

Now you can answer most all questions i have askin you))))
But you need a lot of screentime ))) ALOT of screentime)))
As you encourage i recomend you to take off charts and use only a tapes and LVLII
Make a records with your comments share your expirience ))))

Reply With Quote
 
  #975 (permalink)
Trading for Profit
Russia
 
Futures Experience: Master
Platform: NinjaTrader, Tradestation
Favorite Futures: ES
 
Posts: 419 since Apr 2011
Thanks: 46 given, 502 received

@adamov, post here your VID with fake High breakout on FESX

Reply With Quote
 
  #976 (permalink)
Elite Member
Budapest, Hungary
 
Futures Experience: None
Platform: ninjatrader
Favorite Futures: FGBL / FESX / ES / ZN / ZB
 
adamov's Avatar
 
Posts: 84 since Jun 2012
Thanks: 37 given, 48 received


bloom View Post
@adamov, post here your VID with fake High breakout on FESX

FESX 03-15
01/12/2015
1700-1703 (GMT+1)
Fake High Breakout
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).




Last edited by adamov; January 16th, 2015 at 08:24 PM.
Reply With Quote
The following 2 users say Thank You to adamov for this post:
 
  #977 (permalink)
Elite Member
Budapest, Hungary
 
Futures Experience: None
Platform: ninjatrader
Favorite Futures: FGBL / FESX / ES / ZN / ZB
 
adamov's Avatar
 
Posts: 84 since Jun 2012
Thanks: 37 given, 48 received


bloom View Post
Now you can answer most all questions i have askin you))))

I guess we can start working together, as we are talking the same "language" now.
It's gonna be a fresh start for me but still better to start from the beginning in the right path than keep going in the wrong direction.
Now I have to re-read and interpret all your posts again and completely change the way what I think about markets and trading. It'll take some time and require a lot of efforts to get rid of the old bad habits but I'll do the necessary work.

bloom View Post
As you encourage i recomend you to take off charts and use only a tapes and LVLII
Make a records with your comments share your expirience ))))

So Shall I make the recordings without charts?
I am not going to like it.. but I'll do what it takes to develop this skill.

Reply With Quote
 
  #978 (permalink)
Trading for Profit
Russia
 
Futures Experience: Master
Platform: NinjaTrader, Tradestation
Favorite Futures: ES
 
Posts: 419 since Apr 2011
Thanks: 46 given, 502 received


adamov View Post
So Shall I make the recordings without charts?
I am not going to like it.. but I'll do what it takes to develop this skill.

You even did not try it but already have opinion. Be grounded to NOW. This is the future you think about and do not know the future. May be you will like it so much that you will throw away all of the charts)))
And btw if you use charts use tick charts. 150 tick for fesx is a good one.


Last edited by bloom; January 17th, 2015 at 02:29 AM.
Reply With Quote
 
  #979 (permalink)
Trading for Profit
Russia
 
Futures Experience: Master
Platform: NinjaTrader, Tradestation
Favorite Futures: ES
 
Posts: 419 since Apr 2011
Thanks: 46 given, 502 received


adamov View Post
Now I have to re-read and interpret all your posts again and completely change the way what I think about markets and trading.

Do not do this. All my post is the only thing - show the Chane remained Unchanged )))) Google rules the world ))))) Hahaha
This is so wierd ))) Like a robot bobot ))))
Practice and prcatice. Perfect practice make perfect. All you need is to focus on the main things now with right mindset.
You NEED to TRADE market now, Sim or Real does not metters. You need to place a trades based on your evaluations and manage trades. This will give more and more experience. And do your trading without chart. Than after look at the chart and places you trade. And please Share with us your results ))) screenshots ))) of your chart after no chart trading )))
Cheers )))))


Last edited by bloom; January 17th, 2015 at 02:47 AM.
Reply With Quote
 
  #980 (permalink)
Trading for Profit
Russia
 
Futures Experience: Master
Platform: NinjaTrader, Tradestation
Favorite Futures: ES
 
Posts: 419 since Apr 2011
Thanks: 46 given, 502 received



adamov View Post
FESX 03-15
01/12/2015
1700-1703 (GMT+1)
Fake High Breakout
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



Wait a minute. I have already see this somewhere. I think @adamov you will see where actuall everything had changed to short.
Call the price at which market change it mind)))
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

And welcome to the Russian Hard Rock band show. Ariya loves you )))


Last edited by bloom; January 17th, 2015 at 03:07 AM.
Reply With Quote
The following user says Thank You to bloom for this post:

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)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

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 06:20 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-14 in 0.09 seconds with 19 queries on phoenix via your IP 54.160.245.121