NexusFi: Find Your Edge


Home Menu

 





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


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one bloom with 463 posts (571 thanks)
    2. looks_two pbylina with 193 posts (70 thanks)
    3. looks_3 Jigsaw Trading with 108 posts (183 thanks)
    4. looks_4 snusnufreak with 96 posts (48 thanks)
      Best Posters
    1. looks_one Jigsaw Trading with 1.7 thanks per post
    2. looks_two bloom with 1.2 thanks per post
    3. looks_3 snusnufreak with 0.5 thanks per post
    4. looks_4 pbylina with 0.4 thanks per post
    1. trending_up 819,503 views
    2. thumb_up 1,142 thanks given
    3. group 265 followers
    1. forum 1,378 posts
    2. attach_file 287 attachments




 
Search this Thread

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

  #151 (permalink)
bloom
Russia
 
Posts: 473 since Apr 2011
Thanks Given: 47
Thanks Received: 591


pbylina View Post
привет! I'm back from resting my brain. I really needed it.

I have noticed this from looking at COT charts:
1) Large Speculators try to follow the market trend exactly. (Easy to see on Euro Chart)
2) Commercials move exact opposite of the Large Speculators.
3) Crude Oil, Corn and even Euro, the small speculators are in the middle in between Large speculators and Commercials.
4) On Canadian Dollar and the Swiss Franc the Large and Small speculators are moving together.

That is why you must understand each party of the market. The motivation of each of them. Those who took profits then you was short. They are was speculators scalpers of small timeframe. And they are profesionals too. Why they took profits? Answer lies in motivation and how they see market.
In general and in a big TF euro is going down. It need to test important levels of support to find byers who will pull it higher, because sellers want theirs profits and will became less and less agressive with each movement down.
Before you start to learn COT you need to learn how to jump in the right moment using a tape, how to jump with a minimal risk. COT is a next step. Do not hurry.
May be you will not need COT at all)))
Euro FX. I do not like thin instruments so Dollar index is more likely. But there is levels for your battle)))

Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
ZombieSqueeze
Platforms and Indicators
New Micros: Ultra 10-Year & Ultra T-Bond -- Live Now
Treasury Notes and Bonds
Futures True Range Report
The Elite Circle
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
 

  #152 (permalink)
bloom
Russia
 
Posts: 473 since Apr 2011
Thanks Given: 47
Thanks Received: 591


pbylina View Post
They taking profits because the up move is over. Look what happened next day.

Hey man, give yourself a break once and a while. You trying to save up for a Lamborghini or something?(joking)

Here is the deal. Today you look tape at this prices. You record a video or taking notes there, and then write a post on this topic with your observations on euro.
1) big prints
2) dynamics
3) limit orders on ask and on bid and size of them
4) result
this is 4 moments of your observations))) that will be very interesting)))

Reply With Quote
Thanked by:
  #153 (permalink)
 pbylina 
Chicago, IL
 
Experience: None
Platform: NinjaTrader
Trading: Euro
Posts: 212 since Nov 2010
Thanks Given: 158
Thanks Received: 72



bloom View Post
Here is the deal. Today you look tape at this prices. You record a video or taking notes there, and then write a post on this topic with your observations on euro.
1) big prints
2) dynamics
3) limit orders on ask and on bid and size of them
4) result
this is 4 moments of your observations))) that will be very interesting)))

Umm...Can I do it tomorrow? I wasn't ready for it today. (read the post too late) Sorry...

#2. Dynamics, you mean how the tape is behaving?(slow,fast, etc..)

Reply With Quote
  #154 (permalink)
 pbylina 
Chicago, IL
 
Experience: None
Platform: NinjaTrader
Trading: Euro
Posts: 212 since Nov 2010
Thanks Given: 158
Thanks Received: 72


bloom View Post
That is why you must understand each party of the market. The motivation of each of them. Those who took profits then you was short. They are was speculators scalpers of small timeframe. And they are profesionals too. Why they took profits? Answer lies in motivation and how they see market.
In general and in a big TF euro is going down. It need to test important levels of support to find byers who will pull it higher, because sellers want theirs profits and will became less and less agressive with each movement down.
Before you start to learn COT you need to learn how to jump in the right moment using a tape, how to jump with a minimal risk. COT is a next step. Do not hurry.
May be you will not need COT at all)))
Euro FX. I do not like thin instruments so Dollar index is more likely. But there is levels for your battle)))
Attachment 42086

Yea, Its nice to know now that there are 3 parties and not only 2. lol. Thin Instrument? I do not know the difference in behavior between thin or fat. Euro is fine for now. Am I allowed to know what these levels are or not yet?

Reply With Quote
  #155 (permalink)
bloom
Russia
 
Posts: 473 since Apr 2011
Thanks Given: 47
Thanks Received: 591


pbylina View Post
Yea, Its nice to know now that there are 3 parties and not only 2. lol. Thin Instrument? I do not know the difference in behavior between thin or fat. Euro is fine for now. Am I allowed to know what these levels are or not yet?

this

Reply With Quote
  #156 (permalink)
 pbylina 
Chicago, IL
 
Experience: None
Platform: NinjaTrader
Trading: Euro
Posts: 212 since Nov 2010
Thanks Given: 158
Thanks Received: 72


bloom View Post

I will do it Tomorrow ok?

Reply With Quote
  #157 (permalink)
 pbylina 
Chicago, IL
 
Experience: None
Platform: NinjaTrader
Trading: Euro
Posts: 212 since Nov 2010
Thanks Given: 158
Thanks Received: 72


bloom View Post

Never reached those levels. It decided to go other way...

Reply With Quote
  #158 (permalink)
bloom
Russia
 
Posts: 473 since Apr 2011
Thanks Given: 47
Thanks Received: 591


pbylina View Post
Never reached those levels. It decided to go other way...

I am do not trading today)) But you dont full me. Take a look at this
I did this screen shot 2 minutes ago)))
Gatcha)))

Reply With Quote
  #159 (permalink)
 pbylina 
Chicago, IL
 
Experience: None
Platform: NinjaTrader
Trading: Euro
Posts: 212 since Nov 2010
Thanks Given: 158
Thanks Received: 72

This is the chart you gave me. The highest level is at 1.4220. When I start at 7am central, price was already above there and went up... If you tell me how you made the levels I could of put more higher. I think you just mark the highs on the daily chart for above current market price. And below current market price you mark the daily lows and try to get at least 2 daily lows at same price.

Attached Thumbnails
Click image for larger version

Name:	6e levels.png
Views:	257
Size:	32.1 KB
ID:	42210  
Reply With Quote
  #160 (permalink)
bloom
Russia
 
Posts: 473 since Apr 2011
Thanks Given: 47
Thanks Received: 591



pbylina View Post
This is the chart you gave me. The highest level is at 1.4220. When I start at 7am central, price was already above there and went up... If you tell me how you made the levels I could of put more higher. I think you just mark the highs on the daily chart for above current market price. And below current market price you mark the daily lows and try to get at least 2 daily lows at same price.

it is a joke. all ok ))))

Reply With Quote





Last Updated on November 11, 2020


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts