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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)

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  #1 (permalink)
Russia
 
 
Posts: 473 since Apr 2011
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Hello from Russia. Say thank you Google translator for meaning. I myself with the English at the dog. Woof woof.
In any case, glad to share experience with overseas counterparts. If you like the post, do not bother, write a response.
Your Alex.

In this topic I want to talk about the tape prints. If there is to say, welcome)))


On the color tape you see, in addition to warrants themselves and their speed, their direction. Have a warrant for BID or they were on ASK. This additional information can you shoot down and confused at first. Therefore, to start learning tapes look better monochrome prints.
Also for the beginning of the study tapes do not need to look at the limit orders. All you need is to look at the tape. Only one tape, and nothing more.
When you look monochrome ribbon, you will see how it behaves in important places and important prices. Important price is such a mark as HLOC previous few days, gaps, HLOC the current day. When the market comes to these marks, carefully watch the tape.
What did you see on it? Since the tape is one-color, you will not see if there were warrants for ASK or BID. Everything you see is the size of orders, and whether they are dense flow, compressed in time. There will also be visible to the tape speed. Whether it moves quickly and, consequently, there is a large flow of orders, and good volume. Or whether it moves slowly and in spurts, with pauses, which means that large order flow is not tight, and that low volume.

Important information given location and price, on which there are large prints. Depending on the context of prints will mean different things in different situations. Typically, the large value have large prints in the upper and lower price points.
For example, if there was a strong upward movement, and there are large prints at the top, then there is a high probability of rollback, and then roll back large prints at the top to mention the continuation of the movement. Same is true for downward movement. These situations a lot and need to know these laws. The same prints in different situations will mean different things.

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.
At the heart of any mining reactions are a few items.
The first and most important is the large prints, without which we can not begin to act at all.
The second element is the reaction itself, which may consist of both the pros and public reaction, and just from the reaction of the public. When the reaction of profies and the public, then you will see large and small prints together in most cases. When the reaction of the public, then you'll see in most cases, only small prints. Typically, the reaction is mixed, as many participants, but it can be classified by the share of large and small prints. If there are small, the reaction of public. And vice versa.
Reactions may be strengths and weaknesses. It is easiest to make money on a strong reaction. Strong reaction is accompanied by rapid ribbon and a large contract.

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  #3 (permalink)
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hi alex,
have you looked at GOMI or Order Flow Analytics.
they give a detail of time and sales, tape, etc.

Trade what you see, not what you think.

"The better the mechanic, the fewer the tools"

"Futures Trading is risky and can cause substantial financial gain"
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  #4 (permalink)
las vegas
 
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Sounds interesting, can you post something showing your method? Thanks.

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  #5 (permalink)
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traderTX View Post
hi alex,
have you looked at GOMI or Order Flow Analytics.
they give a detail of time and sales, tape, etc.

None. I even have no idea what you mean))) All for the reason that I am in Russia and I do not know all the details. Forgive me my ignorance.
I am working on a ninja trader through Mirus. DATA get from zen-fire. Thank you for your interest.

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  #6 (permalink)
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vegasfoster View Post
Sounds interesting, can you post something showing your method? Thanks.

When we make a trade, it is important to know who now control the situation. Typically, if someone starts to control the situation, he becomes aggressive, and he who loses control, starts to go away. Aggression manifests itself in the active input market, whereas the deviation manifests itself exits.

As is usually easier to give an example.
Price is on the LOW of the day. When driving down the big prints warrant dauntics, they are compressed in time and on a narrow spread. Tape is moving quickly. Probably, someone comes to the breakdown of the LOW of the day, confident that the price will go lower. On the other hand, perhaps, other pros use momentum to enter the Long limits.

In this figure is clearly visible reaction to the pro price drop below the LOW of the day. They refused to drop the price down. At that time, public reaction was easily predictable. These shorts at the breakdown, thereby opening longs professionals.


When the price tested LOW, mostly walked, as seen from the figure, fine prints on dauntics because I do not see large prints on a dauntics LOW of the day. The situation with aptikcs do the opposite. Reaction pross suggests that they see no reason to drop the price. This information gives us an understanding of where the market goes. Then, when we see public reaction to the fall, we verify that the pros are also confident in a pinch, you can, using the reaction of the audience, enter on Long.

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Posts: 473 since Apr 2011
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traderTX View Post
hi alex,
have you looked at GOMI or Order Flow Analytics.
they give a detail of time and sales, tape, etc.

Reading. Thanks

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  #8 (permalink)
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vegasfoster View Post
Sounds interesting, can you post something showing your method? Thanks.

If you are Nick then i am glad to see you))))

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bloom View Post
When we make a trade, it is important to know who now control the situation. Typically, if someone starts to control the situation, he becomes aggressive, and he who loses control, starts to go away. Aggression manifests itself in the active input market, whereas the deviation manifests itself exits.

As is usually easier to give an example.
Price is on the LOW of the day. When driving down the big prints warrant dauntics, they are compressed in time and on a narrow spread. Tape is moving quickly. Probably, someone comes to the breakdown of the LOW of the day, confident that the price will go lower. On the other hand, perhaps, other pros use momentum to enter the Long limits.

In this figure is clearly visible reaction to the pro price drop below the LOW of the day. They refused to drop the price down. At that time, public reaction was easily predictable. These shorts at the breakdown, thereby opening longs professionals.
Attachment 38994

When the price tested LOW, mostly walked, as seen from the figure, fine prints on dauntics because I do not see large prints on a dauntics LOW of the day. The situation with aptikcs do the opposite. Reaction pross suggests that they see no reason to drop the price. This information gives us an understanding of where the market goes. Then, when we see public reaction to the fall, we verify that the pros are also confident in a pinch, you can, using the reaction of the audience, enter on Long.

I hate to be the bearer of bad news BUT...

Since 2009, large prints are no longer relevant on the T&S of any CME market.

Pre 2009, when a market order for 1000 contracts was placed, you'd see a single print of 1000.

After 2009, you see 1 print for every limit order that 1000 contract market order was filled against.

So - nowadays, someone can hit the market with 1000 lot order and you'll see prints of 10,20,3,4,5,100,220,34,66 etc. etc. etc.

There's a video on it here - Is It Bots Or The Exchange Engine - PriceActionRoom's library - btw not my video but I do know the guy that made it.

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DionysusToast View Post
I hate to be the bearer of bad news BUT...

Since 2009, large prints are no longer relevant on the T&S of any CME market.

Pre 2009, when a market order for 1000 contracts was placed, you'd see a single print of 1000.

After 2009, you see 1 print for every limit order that 1000 contract market order was filled against.

So - nowadays, someone can hit the market with 1000 lot order and you'll see prints of 10,20,3,4,5,100,220,34,66 etc. etc. etc.

There's a video on it here - Is It Bots Or The Exchange Engine - PriceActionRoom's library - btw not my video but I do know the guy that made it.

I could wind up your stories, if every day is not done on the super-duper tape inputs with a stop in 2.3 ticks on the ES. But you probably say that this is impossible. Then i'll show you the screens. Wait until Monday)))
I have read such statements. I have to say. Tape works and will work. The reality is what it is.
What would you say that I know who taught this guy? And that that someone is not very good comments about him. Let's just you do not make me prove this point.

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