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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)

  #271 (permalink)
 pbylina 
Chicago, IL
 
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What kind of reversal is this? Big ASK prints at a low. Above these prints are Big ASK limits on Level 2. It did not or was not meant to scare anyone because:
1) No big prints at BID, which would indicate the Big limit was to scare so pro could go long.

But it did go up far. Would you of taken the trade? Where were the pros? Were the Limits real then? If the limits were real then why didnt it act as resistance? Big prints at Ask were big limits were. This must of been exhaustion reversal...




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  #272 (permalink)
 pbylina 
Chicago, IL
 
Experience: None
Platform: NinjaTrader
Trading: Euro
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zt379 View Post
Are you referring, on the middle T&S to the 1097 traded total at 1347:75 (price) 18:34:24 (time) ?

Yes, Thats the ones I would use.


Quoting 
If so, we are then trying to determine if, within that 1097 total, there are more limit sells than market order buys ?

Again, the market is a zero-sum. For every buyer there is a seller. Basically, you have to look at the reaction after the Big prints to know weather it will hold or not.

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  #273 (permalink)
bloom
Russia
 
Posts: 473 since Apr 2011
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pbylina View Post
What kind of reversal is this? Big ASK prints at a low. Above these prints are Big ASK limits on Level 2. It did not or was not meant to scare anyone because:
1) No big prints at BID, which would indicate the Big limit was to scare so pro could go long.

Also it indicates that big sellers do not hit BID limits

pbylina View Post
But it did go up far. Would you of taken the trade? Where were the pros? Were the Limits real then? If the limits were real then why didnt it act as resistance? Big prints at Ask were big limits were. This must of been exhaustion reversal...

Attachment 42802

Attachment 42804

They took from offer. And BID look weak and them filled BIG limit order at ASK. This is show you how market reacts to the BIG supply.
Guys be carefull. Relax and read more carefull all the thread. I have post a thread that BIG limit orders and how they get filled is a key to understanding of what market doing.
You are hurry. You need to stop, take a breath and try to understand deeper. All good needs time

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  #274 (permalink)
 pbylina 
Chicago, IL
 
Experience: None
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Trading: Euro
Posts: 212 since Nov 2010
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bloom View Post
I have post a thread that BIG limit orders and how they get filled is a key to understanding of what market doing.
You are hurry. You need to stop, take a breath and try to understand deeper. All good needs time

I dont remember a post about quality of fill. Maybe I couldnt understand it.Can you please show me which post it was? Thanks.

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  #275 (permalink)
 pbylina 
Chicago, IL
 
Experience: None
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I had an idea...


-------------------------------------------------

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  #276 (permalink)
bloom
Russia
 
Posts: 473 since Apr 2011
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bloom View Post
It seems obvious that the market should move in the direction of least resistance, which means that if the strong limits on the BID and weak limits on the ASK, then the market will rise and vice versa. But this is not always the case. The fact that all the contrary. When a strong ASK market is growing, when a strong BID market falls. Not always, but in most cases.
Let's find out why. Trading is war or confrontation. A good soldier knows that the enemy does not have to guess about his intentions. Traders professionals need to open a huge position and remain undetected. Imagine that you see this:
Attachment 39780
You think, like 80% market share, that if a strong bid, it is necessary to buy. This information is organized by 80% in the direction of the purchases. The crowd is a very powerful force when it is organized. If the whole crowd will buy at the same time, it can not hold no pros, no matter how big he was not the volume. The crowd is very strong, but it is divided. But when the crowd sees a bid, then all it will by.
Therefore, such a BID to show the crowd, while there is a set of positions in the Long, is prohibited. When the position is recruited, and we need to push the price higher due to the crowd, while a BID may show. Pros know how you think and they use it for their own purposes.
For what the pros have come to market? Of course, making money. Make big money. Very big money. And to do that kind of money can only be at large positions. And in order to collect such large positions, can not operate openly. Otherwise, the crowd will do the same thing as you. It will pick up your liquidity. You can not open the required number of positions, which means you can not make a lot of money. Therefore, you need to get the crowd up to the last, or as long as possible was not aware of what you do attitude. And you in every way to convince this crowd:

Show weak and strong BID ASK to sell the crowd, filling you in Long.
Attachment 39781
Show weak and strong BID ASK to buy crowd, filling you in shorts.
Attachment 39780

Market moves - in the direction of least resistance. The problem is that currently less resistance and visible or shows very different things. Naturally, the market will go toward a stronger flow of orders, against a weaker stream. But the stream of orders, you see, you have it right before your eyes. Do you believe that you will be given all the cards in your hand? Can you believe and that Coca-Cola will give mankind the recipes? That all mankind may itself make Coke and never buy it. Or Ford could give you a small fee system by which you can construct your free car? Yooll Never to buy it from Ford, and even sell itself.


Therefore, large contracts, are the keys. Observing how the market reacts to them, you can get valuable information about which direction is most likely. If you see a faint BID, and the price is not below, see how to parse a strong ASK or Offer a good reaction, then you know what it is likely to be over. Conversely, a strong and weak BID ASK.
So, once again.
Large limit orders - a key that suggest how events develop.
The market is moving toward a more dense stream of orders. But apparently the flow and the real - two different things. Big limits make the crowd go into the market, playing on them, whereas, the pros will take the crowd and then go to higher limits, where will feel that liquidity is not enough. This is not a law, but take yourself a note.

This one. Just made copy of the posts you think valuable and there will be your personal TAPE READING book. Anyway it usefull information

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  #277 (permalink)
bloom
Russia
 
Posts: 473 since Apr 2011
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RM99 View Post
Couple of things here.

1) Reading this thread makes my head hurt. Holy syntax batman. I realize ESL is a challenge (or translation) but this thread is more difficult than reading a youtube comment string.

i am doing my best belive me, Robin
So. There is a catwoman?

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


bloom View Post
It seems obvious that the market should move in the direction of least resistance, which means that if the strong limits on the BID and weak limits on the ASK, then the market will rise and vice versa. But this is not always the case. The fact that all the contrary. When a strong ASK market is growing, when a strong BID market falls. Not always, but in most cases.
Let's find out why. Trading is war or confrontation. A good soldier knows that the enemy does not have to guess about his intentions. Traders professionals need to open a huge position and remain undetected. Imagine that you see this:
Attachment 39780
You think, like 80% market share, that if a strong bid, it is necessary to buy. This information is organized by 80% in the direction of the purchases. The crowd is a very powerful force when it is organized. If the whole crowd will buy at the same time, it can not hold no pros, no matter how big he was not the volume. The crowd is very strong, but it is divided. But when the crowd sees a bid, then all it will by.
Therefore, such a BID to show the crowd, while there is a set of positions in the Long, is prohibited. When the position is recruited, and we need to push the price higher due to the crowd, while a BID may show. Pros know how you think and they use it for their own purposes.
For what the pros have come to market? Of course, making money. Make big money. Very big money. And to do that kind of money can only be at large positions. And in order to collect such large positions, can not operate openly. Otherwise, the crowd will do the same thing as you. It will pick up your liquidity. You can not open the required number of positions, which means you can not make a lot of money. Therefore, you need to get the crowd up to the last, or as long as possible was not aware of what you do attitude. And you in every way to convince this crowd:

Show weak and strong BID ASK to sell the crowd, filling you in Long.
Attachment 39781
Show weak and strong BID ASK to buy crowd, filling you in shorts.
Attachment 39780

Here you were talking about PROS using Big BID or ASK to scare people so they can open position. I understand this.


Quoting 
Market moves - in the direction of least resistance.

Where is less resistance? More order flow?


Quoting 
The problem is that currently less resistance and visible or shows very different things.

Please rewrite this. Google translator did a bad job.


Quoting 
Naturally, the market will go toward a stronger flow of orders, against a weaker stream.

Is it because the EXCHANGE owns the market, so they all they want to do is make money off of commissions? More orders=more money for them


Quoting 
But the stream of orders, you see, you have it right before your eyes. Do you believe that you will be given all the cards in your hand? Can you believe and that Coca-Cola will give mankind the recipes? That all mankind may itself make Coke and never buy it. Or Ford could give you a small fee system by which you can construct your free car? Yooll Never to buy it from Ford, and even sell itself.

We have everything we need in the tape, yea?


Quoting 
If you see a faint BID, and the price is not below, see how to parse a strong ASK or Offer a good reaction, then you know what it is

Please rewrite.

Quoting 
Large limit orders - a key that suggest how events develop.
The market is moving toward a more dense stream of orders. But apparently the flow and the real - two different things.

The flow is the tape, what is the real? Please rewrite.


Quoting 
Big limits make the crowd go into the market, playing on them, whereas, the pros will take the crowd and then go to higher limits, where will feel that liquidity is not enough. This is not a law, but take yourself a note.

This post was just about PROS scaring the crowd with BIG limits. Nothing about quality of fill. Am I missing something?

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  #279 (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 am doing my best belive me, Robin
So. There is a catwoman?

Yes there is a catwoman.

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


Heres a preview of the book: "Algorithmic Trading and DMA".
Tape is my shape (tape reading, time and sales)-algorithmic-trading-dma-preview.pdf

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