rocky9281

Sure. But can I have my answer please?

I don't trade the ES. But do you guys think that there is a fixed time for its breakout ? For e.g, SGX nifty always breaks out of its range between 12 am to 1 pm EST. Have you noted anything like that for ES too?

Just a general question here. If anybody knows the answer, please help me Are the stock(etc.) exchanges a source of income for the large institutions? If yes: 1. What %age of their annual income comes from trading stocks,futures etc? 2. Do u think that these large institutions will quit operating on these trading vehicles someday in the future?

If we see a small bid rising up tick by tick, is it true that the bid is actually very large, and is placed by a pro? For example, bid qty=158,bid rate=123.11 bid qty=158,bid rate=123.12 bid qty=158,bid rate=123.13 bid qty=158,bid rate=123.14 bid qty=158,bid rate=123.15 See how the bid rose from 123.11 to 123.15, but the size remained constant (158). 1.Should we go long here? 2.Is this a phenomenon that we will search for BOTH in the best bid ,as well as in all the tiers of bid that are below the Best Bid ? 3.Are the reverse things true for ask?

What is a stale buyer and why should he MUST buy and MUST suffer losses? If he knows he is about to suffer loss, why didn't he cancel his bids and avoid unwanted fillings? Lastly, Can stale buyers buy with: 1.algorithms like TWAP 2.perfect prints on ask 3.double prints

Please help with this question. How does large institutions enter or exit positions? I know about the following options: 1 Large block trades and 2. Algorithms What are the others?

Thanks Blowfish Blowfish, please explain briefly what do you mean by 1.price direction tests ,and 2.stop runs not withstanding

I have heard this from some traders that, if we see large prints in the time and sales, we must stay out of the trade and let the buyer and seller battle it out. After that, we should go with the one who wins. My question is, how do you determine who won? IMHO, if price gives breakout to the upper side, the buyer has won and we should buy, and vice versa for breakdown. So we are just waiting for a breakout either to the upside or downside. Is there anything more to it?

What does it mean when I see the same volume figure appearing again and again in the time and sales window, also, it comes constantly in the same side (either the bid or the ask). Please note that these are intervened by many other trades.But this number appear too frequently.

Hello Soultrader, Since you are an experienced tape reader, I request you to help me by replying to this post (post # 56). Here is the link: Trading F&O by Time and Sales - Page 6 - Traders Laboratory Forums

Compression(or expansion)of the bid-ask spread.Any idea what it indicates? How to use bid-ask spread in trading? I think the compression(or expansion)of the bid-ask spread has got something to do with an intraday short lived rally or reaction.Can you please elaborate on this? Also, please mention why does this happen..

Some possible price and volume combinations in time and sales window are: 1. High volume trading going off-both in bid and ask, with intervening small/medium trades in both bid and ask.I don't think this pattern should be ignored just because it is indeterminate as both bid and ask sides are traded heavily, but should be watched closely because the high volumes indicates professionals are participating. 2. High volume trading going off in bid,not a single trade is of small/medium volume.Also, not a single trade going on in the ask. (vice versa) 3. High volume trading going off in bid.Along with that,small/medium volume trades going off at ask. (vice versa) 4. Large number of small/medium sized trades going off at bid.None of the trades is of high volume.May not seem to be professional activity,but at the end of the day the summation of the volume of trades at bid at that price level comes out to be very high. What does each of the above four combinations indicate, and hence, what the tape reader should do when he sees them in his time and sales?

Some possible price and volume combinations in time and sales window are: 1. High volume trading going off-both in bid and ask, with intervening small/medium trades in both bid and ask.I don't think this pattern should be ignored just because it is indeterminate as both bid and ask sides are traded heavily, but should be watched closely because the high volumes indicates professionals are participating. 2. High volume trading going off in bid,not a single trade is of small/medium volume.Also, not a single trade going on in the ask. (vice versa) 3. High volume trading going off in bid.Along with that,small/medium volume trades going off at ask. (vice versa) 4. Large number of small/medium sized trades going off at bid.None of the trades is of high volume.May not seem to be professional activity,but at the end of the day the summation of the volume of trades at bid at that price level comes out to be very high. What does each of the above four combinations indicate, and hence, what the tape reader should do when he sees them in his time and sales?

Some possible price and volume combinations in time and sales window are: 1. High volume trading going off-both in bid and ask, with intervening small/medium trades in both bid and ask.I don't think this pattern should be ignored just because it is indeterminate as both bid and ask sides are traded heavily, but should be watched closely because the high volumes indicates professionals are participating. 2. High volume trading going off in bid,not a single trade is of small/medium volume.Also, not a single trade going on in the ask. (vice versa) 3. High volume trading going off in bid.Along with that,small/medium volume trades going off at ask. (vice versa) 4. Large number of small/medium sized trades going off at bid.None of the trades is of high volume.May not seem to be professional activity,but at the end of the day the summation of the volume of trades at bid at that price level comes out to be very high. What does each of the above four combinations indicate, and hence, what the tape reader should do when he sees them in his time and sales?

Please throw some light on Time and sales refreshing. 1.Why does the T&S refreshes? 2.What does it mean when we see the time and sales data/window refreshes? 3.What to look for after the refresh?

Hello BlowFish, Those vendors who provide true tick by tick data are too expensive for me. Most of the data vendors here provide data with ticks updated for every 1 second(although the exchange publishes every tick, these vendors can't incorporate it that fast and accurately).Please see the screenshot attached at post #49 for a sample of this kind of data.This is from eSignal. So this is bit inferior than true tick by tick data.Will that lead to data aggregation? Will that kind of data work for T&S analysis? Shall I go for it?

Hello Blowfish, I asked some people about unfiltered, uncoalesced data. They haven't heard these terms earlier. IMHO,I think: Unfiltered means - they should disclose every trade as they occur and don't hide any trade.right? Uncoalesced means- they don't add up two or more trades and show them as one trade... like bought 50@ 200.5 and bought 25@200.5. These 2 trades add up to give bought 75@200.5,and show this 75@200.5 in the T&S instead of the two separate trades of 50 and 25. Am I correct? Please tell me what do they mean,in case I am wrong.

I am attaching a T&S screenshot of the exchange under consideration. It seems they are reporting bid/ask info aren't they? Regarding reporting of un filtered, un coalesced data, how to know whether they report them or not? Does this T&S shows these are reported?(I don't know what is meant by un filtered, un coalesced data ) If not, please tell me how to find out whether the concerned exchange reports these.

Will tape reading work with the equities of Indian stock market? Or is there any reason that it will not work? The exchange is called NSE-National Stock Exchange Of India.

This is described in NoBsTrading. "The market is sitting at 05 bid/06 offer.The person bidding 1,500 at 05 pulls his bid. As soon as the market goes 05 offer, he buys whatever is offer and puts his bid back up." Please clarify the following things: 1.What does it implies when we see bids getting pulled in the trading screen? Bearishness? 2. How did the market go 06 offer to 05 offer? Does this has something to do with bids getting pulled? Please explain . 3.Why did he put his bid back up again? 4. Is this guy buying with both market(at ask) and limit orders(at bid)? How do we distinguish and identify this person in T&S?

Hello, Can you please explain the following sentence: "When there is more depth on the same side of the market, limit orders are relatively more expensive than market orders because of (1)an increase in the execution risk and (2) competition from the existing limit orders." 1.What is meant by "execution risk" here? 2.does "competition from the existing limit orders" mean that other limit orders may get filled before my limit orders ?

I am attaching 2 screenshots. The first one is in black text.But actually they were all in red-every trade executed at bid-in a single price level. The second one all green -every trade at ask-in a single price level. Please tell me-does the first one tells to short immediately and the next one buy immediately?

Ok,Thanks. Please do me another favor, please don't forget to tell me your thoughts about the teachings on this book, after you have gone thru it.Its in module 2 (pg86-pg157). I will wait for your reply.

Is this book good? Daytrading University Trading Course.pdf - 4shared.com - document sharing - download especially the second module (pg86-pg157) Please let me know your thoughts about this book

Thanks to BlowFish and $5DAW. Just a couple of queries. 1. While buying and selling, do the pros use market buy and sell orders instead of limit orders? 2.Blowfish, I have gone thru Tape Reading And Market Tactics & Studies in tape reading.But neither of them has concepts like-pace of transactions, how orders are refreshed (or pulled), how one sided the book is etc. (or did I miss them?). So I think I should start with the other resources directly. Your comments please.