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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)

  #181 (permalink)
 pbylina 
Chicago, IL
 
Experience: None
Platform: NinjaTrader
Trading: Euro
Posts: 212 since Nov 2010
Thanks Given: 158
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bloom View Post
You have see in this situation a reaction to the big limit order. It was a big seller and he was filled, but market react and go down. At this point tape probably were slooooooow))))
if you want careful and detailed answers, please ask detailed questions)))
this is will help
you need to describe:
1) price level (support or resistance)and type of price(previous low or high,or braken low or high)
2) is there was large prints or not and what prints are were there (BID block ASK block)
3) speed of the tape and how it moved. is it push or is it run
4) of what size was limit ordes at bid and at the ask
And YES guys. You can trade using only tape)))
Is my english clear for you )))
Happy holidays to all of you i know you are loving you country very much )))

Sorry. Next time I will give more detail.

Are you sure you don't live in America bloom? Im impressed.

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  #182 (permalink)
 pbylina 
Chicago, IL
 
Experience: None
Platform: NinjaTrader
Trading: Euro
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Awesome. That is a cool level 2 on your chart. 10 levels of depth.

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  #183 (permalink)
rocky9281
Kolkata,India
 
Posts: 100 since Feb 2011
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Can anybody please explain what indication is there in this TnS, especially in the boxed area, that says that buyers are retreating and sellers are coming?

I may sound stupid to ask this question, but I am newbie..please cooperate

Please note that in this TnS, new entries are added at the bottom, unlike the TNS in Ninja..

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  #184 (permalink)
bloom
Russia
 
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rocky9281 View Post
Can anybody please explain what indication is there in this TnS, especially in the boxed area, that says that buyers are retreating and sellers are coming?

I may sound stupid to ask this question, but I am newbie..please cooperate

Please note that in this TnS, new entries are added at the bottom, unlike the TNS in Ninja..

i do not know what does it mean that buyers dissapear))) probably there is no more big limits on the BID
you see here agression of the seller. This is breakdown of the support level.

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  #185 (permalink)
 
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rocky9281 View Post
Can anybody please explain what indication is there in this TnS, especially in the boxed area, that says that buyers are retreating and sellers are coming?

I may sound stupid to ask this question, but I am newbie..please cooperate

Please note that in this TnS, new entries are added at the bottom, unlike the TNS in Ninja..

That doesn't look like a Time & Sales to me - what product is it from? The rest looks like IB...

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  #186 (permalink)
 pbylina 
Chicago, IL
 
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Trading: Euro
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I have seen this before. On the tape it doesn't print as as much as what the Huge offer was. I didnt know what it meant before.


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  #187 (permalink)
 pbylina 
Chicago, IL
 
Experience: None
Platform: NinjaTrader
Trading: Euro
Posts: 212 since Nov 2010
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I have seen this also but didn't know how it could be happening. They selling heavily(printing at BID), the BID is not even that big, but yet the BID remains the same size! I will need to read about algorithmic trading.


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  #188 (permalink)
 shah1266 
hartford
 
Posts: 52 since Jun 2011

huh?

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  #189 (permalink)
bloom
Russia
 
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pbylina View Post
I have seen this before. On the tape it doesn't print as as much as what the Huge offer was. I didnt know what it meant before.


actualy you are looking and stare at the tape to not be fooled by this DOM jumping dumping. Than you see the print this is mean that there was a trade and there was bid and offer and transaction. All of this fooling things in DOM are not bother you, cause you see the truth of order flow. Thats why you do not need at the first time concentrate at the DOM or level 2. You think i belived everything in DOM or level 2? No way))) Only tape. I see print i see reaction and the price at print was. I do not know much about algo and this is not care for me)) I dont need this. But thats your point of what you want to do)))
Just a light look at the DOM and you understand how much algo there are. Look how quickly limit order 1500-2000 take off and pulled higher than take off and pull lower. Human not capable to do such fast operations. 40% of volume in the DOM is fake and it is called "Scarecrow" or "Cap" or "Damper"
But all of actions to fool you with DOM are crushed if you are waiting good BIG juicy print that let you know 100% here big guy.

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



bloom View Post
actualy you are looking and stare at the tape to not be fooled by this DOM jumping dumping. Than you see the print this is mean that there was a trade and there was bid and offer and transaction. All of this fooling things in DOM are not bother you, cause you see the truth of order flow. Thats why you do not need at the first time concentrate at the DOM or level 2. You think i belived everything in DOM or level 2? No way))) Only tape. I see print i see reaction and the price at print was. I do not know much about algo and this is not care for me)) I dont need this. But thats your point of what you want to do)))
Just a light look at the DOM and you understand how much algo there are. Look how quickly limit order 1500-2000 take off and pulled higher than take off and pull lower. Human not capable to do such fast operations. 40% of volume in the DOM is fake and it is called "Scarecrow" or "Cap" or "Damper"
But all of actions to fool you with DOM are crushed if you are waiting good BIG juicy print that let you know 100% here big guy.

It is nice to know what limit order pulling looks like.

I am wondering bloom. Did you start as a scalper? How much did you go for at first 2 ticks or something?

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