hey,guys
have any one of you tried reading tape with no red/green? i mean just a monochrome?

Hi, Bloom. Thank You for starting this thread and for Your posts. A lot of usefull information that can't be found in any books. There was a question:


Could You please explaine us if we see big prints then how to tell pros enter the position or they cover their position?

LETS GET ROCK )))) Hi everyone - i am so f***ng glad to see you guys )))
Whos the real slim shady?)))) ok


PS. I am planning to make this thread something bigger than just TR thread. I think all of you and i together will make such good content to share us experience that this thread will be a good starting place for a newcomers)))

SO LETS GET ROCK

For instance, when the market starts to move in one direction I see the cumulative bids / ask get unbalanced in favor of the side taking the heat. At first when I saw this I was always confused as I thought that the aggressive side would be the one with the build up of resting orders. Now when i see that happen i assume that the aggressive side is pulling bids/ask to join the advance at the inside market....Am I correct in this assumption?

Also I have noticed that when i see the cumulative bid and offers start to equalize that it is sometimes a sign that the move is about to end.
"LETS GET ROCK!"

So you saying that guys want to join and begin to jump in with market orders instead of wating on the limit side? If you will show screenshots this will be very good ))))




So what differs situations than this equalizing of bid ask orders shows you the end of the move compare to than it is not?
Once again ))) Screenshots please

I am not sure of this....but Its the only reason that makes sense to me. Of course i could be wrong.
Unfortunatly, I did not get the Rock in this example. i just watched the rock.

I am not sure of this....but Its the only reason that makes sense to me. Of course i could be wrong. The only only thing i know for sure is that i don't know anything for sure. I will try to find a screen shot....

In the above attachment if you'll notice the difference in the cumulative bid and the ask at the bottom of the DOM ladder. Before this short move started the Bid and the ask were equalized, relatively speaking. When the move started the cumulative offers became lesser than the bids for the whole move. When the move lost steam the the bids and offers equalized. (below)



I have noticed this on many occasions while watching the DOM during a move to the upside and the downside.
I'm not sure of the reason. Mine is a guess. I am just trying to make sense of what i am seeing. What do you think?

Unfortunatly, I did not get the Rock in this example. i just watched the rock.

Think of it this way....

Bids are below you, offers are above you. Bids are all the way below you but you can just see the first 10/20 on the DOM.

So when you move down, you are moving into an area that had bids but no offers. There are no offers below market otherwise they'd trade out.

As you move down, it just takes time for offers to "fill in" above you, so offers will be lower as the market moves down in a one way move. The more 2-sided the action is, the less this will be so.

There is also the odd phenomena that you always see large bids at areas the market perceives to be support. Don't confuse this with areas that will hold. It just seems to be that large bids will rest at areas lots of people are looking at. Like I say - you can't really trade off it but it's a good way to confirm lots of people are looking at this area.

Of course - you can reverse the above for moves up.

First of all))) From starting of the pattern to the end))
START

What do you see?
1) Flat
2) Accumulation 73-72 and this is a flat boundries
Do you see some disblance right now? Now not in the pass time or in the future )))
FLAT BRAKEOUT

1) 71 75 last price of BIG interest and further lower move goes against weak BIDS as it accumulate less trades compare to 73-71.75. This is actually DISBALANCE between LIMIT and MARKET orders. In this case you see disbalanced SELL MARKET ORDERS (SMO) to the LIMIT BUY ORDERS (LBO). Why do you see this? Why does it happened?
2) 70.25 and lower occures BIG interest. You can see how much accumulating trades at this prices. What does it mean? Why trades accumulates at this prices and not lower or higher prices? What does it mean?
FURTHER LOWER MOVEMENT

1) Disbalance SMO to LBO
NEW FLAT

1) 68 50 - 67 new flat boundries.
2) Accumulating
RESUME
1) At 72-50-73 came lot of buyers and sellers fade out them. Buyers locked
2) 72 00 begins brakeout. Small tape move fast. Large tape prints large SMO at 71 75. This indicates that selloff begins. Loccked PRO buyers try to get out with small losses. Actualy this make the breakout of FLAT.
3) Price moves 70.25-70.50 where sellers want to take some profit and place LBO as activity of public allows them to go out easy. Big tape prints large SMO to bid. But public hot. This indicates a small tape with good activity.
4) Price continue lower and activity of small tape very good. Quality of filling LBO very good. Price coninues lower
5) 2067.50-67.00 big prints at the offer and at the bid. Massive drops out of SHORT positions. Small tape slower
6) The end of the move
Why cumulative balanced? The game is ended. Losers place the stops, winners takes profits. Ammount of sellers= ammount of buyers - thats why equalizing than the move at the end. There is no fuel to move further

There is also the odd phenomena that you always see large bids at areas the market perceives to be support. Don't confuse this with areas that will hold. It just seems to be that large bids will rest at areas lots of people are looking at. Like I say - you can't really trade off it but it's a good way to confirm lots of people are looking at this area.

Of course - you can reverse the above for moves up.