dougr

sorry but i stopped allowing the public to see it. to me it was too much good information that i want to keep private.

Here it is, nothing fancy but up to date and the way I trade. ymtapetraader.blogspot.com

all i did was watch time and sales, it is very evident, i can show you pictures if you like, but i would think you want to prove it to yourself. there is no question that esignal is the more accurate feed when looking at ALL trades. it has been proven in the past and is still the same. i ran time and sales on two computers at the same time and just watched the trades. check it out and you will see the same thing. No need to get fancy just watch the trades. It is especially evident if you watch the ES. Don't take my word for it just get the feeds and check it out. iqfeed is still good and i could still read the tape by watching the time and sales with iqfeed but i want the best.

hey steve, u r exactly right, use tape reading to support your decisions, however, most of my decisions are based on the tape. if u ever want to see how i trade, send me a note and i will share my blog which documents exactly how i traade everyday.

i only trade on time and sales and have no indicators, i have a blog which shows my trades, how I trade and P/L everyday. I am new to this so I do not claim to be an expert but you are welcome to read it but I do not think I can post it here so you will have to send me a private message and I will share bmy blogsite. I show and talk about the basics of tape reading.

hi telenguard, just saw your post about datafeed and i use Iqfeed and was told recently that even IQfeed aggregrates trades and to look at Esignal. I did and they were right, Esignal is much better, they have every trade where IQfeed clumps them together, not as much as IB but enough to matter to me. u may want to check it out, i am switching to esignal.

Today I saw some unusual bid and ask sizes going on on the NQ. I actually at first thought it was a data error but I also saw it on my buttontrader platform in the market depth. It would only flash for a second or two and have no actual big volume trades associated with it. Maybe an error at the exchange? Maybe this is really big buying or selling or maybe just manipulation. I posted the pictures of the single tick chart on my blog, click the link below to see them. I am not sure how to attach pics to this posting. In the first picture it almost fooled me and I almost went short here. It looked just like some firm resistance and it had just made a nice runup. It immediately punched through this price and went up another 40 points! It was hard to take that trade as it had just gone up so far. The one below that looks like support and what happens, it immediately goes down. Would anyone in this group care to comment on what the big ask and bid size might be? I cannot explain it. It does not surprise me though as I cannot explain a lot of things I see on the tape. Here is the pictures of the time and sales.

i think it is sometimes but at other times it seems to unnatural, it also has already hit a high by a couple points and then comes back, then you will see a big buy all at once, then it will go down. I also see it when the price is looking up there will be a big sell, i have included an example. It really makes no sense, the only explanation I can try to give it is people just give up all at one time and buy or they think it is going up more and buy right at the top. The other thing I have wondered if big traders will buy(or sell) and then sell(or buy) back causing the market to turn or helping it to move. I also see this happen a lot where you will see big buys near a top the market goes up a little more and then reverses, that seems to be the most prevalent pattern. This also happens a lot in teh afternoon but really occurs all day. i have given two examples of this from YM tape, in the second pic u see 2 clumps of bars highlighted, these are all trades that occurred below the bid price, therefore they occurred all at once. I also have examples from NQ and ES. first of all this is a graphical representation of time and sales, each trade and volume, the volume is at the bottom but the scales is -30 to 30, if i get a contract higher than 30 it will print the number. in the price section above you can see small thin lines red or gren, this is the ask or bid price.

thanks again for the posts, they are very interesting, however i guess this information is not really accessible to me because I do not have CQG. I understand what you are showing though. I have looked at the bid and ask in the past but it was way too much information for me to keep track of like your are showing. I really just look at the trades. That is all I need to get in on a trade. Just curious, I looked at CQG website and found your tool. What does that software cost?

thanks for your help, i knew this would not be easy to explain. i do not have the actual time and sales prints but the chart i have posted is actually the time and sales just in a graphical form.

what my charts show are only the volume of the actual trade, hence the time and sales, they are not on my chart as I have made the scale to be plus or minus 30 for the YM. I just know this, when a larger trade occurs then it will show up as a number. i have included another example from the NQ. As you can see there was one huge sell at the top here, i make comments in the file title to describe what happened after this point. there are actual times and sales. the same scale here is plus or minus 30 in the bottom window. If the volume was greater than 30 i have a print of the actual volume. the small red and green lines were the actual bid and ask price at that trade, if the volume is red the trade occurred at the bid, if green at the ask. if the trades are highlighted brown or blue this was above the bid or ask. your chart is very interesting, i do not even look at bid and ask numbers, that is way to much information. i have trouble just keeping up with the time and sales. i am going to study what u sent though and see if it would work with my trading. is that your own prgram that gives you that information?

i have been studying the tape for sometime and this is basically how i trade. i mostly look at YM but i don't think it matters what you are trading. that is one of the reasons i like the tape. anyway, i have noticed things that happen during the day and cannot figure out why they happen. it would sure be nice to understand. i have come to the conclusion that all cannot be understood but just trade it anyway. i plot the tape on a chart and I highlight trades that occur above or below the ask. I believe these are big trades that occur all at once either a big buyer or seller or stops getting hit. i have included some examples of what i see in my charts. i see a big buy price will go up a littel bit and then reverse. i see this over and over. big buys at the top and big sells near the bottom. i do not think they are stops but an thinking they are manipulation. the reason i do not think they are stops or panic is because the price direction has already changed by the time this happens. i am thinking that a big buyer will start selling to drive the price down. i also if wonder is these big guys buy on one index and then sell another to manipulate the price. one problem with all of this is determining when they are really buying or if it is a fakeout. the last chart u will see is a 5 tick chart on the NQ, there were three huge sells and the market stoops and goes up, why does this happen? the other charts are single tick charts that show if trade uis at ask or bid and highlights those above i use this for identifying panic aggresive buying, speed and influence. any help would be appreciated.