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Lets see if you can bore someone here( I think nope) Welcome
this one for S&P500 E mini that shows you by printing big block 18:11:45-54 at ask that there is a huge size at limit on ask
Please share your experience and will discuss than)))
this is a reason this thread here exists
Many thanks
It depends what market you trade. You will know what is bigger than average limits from experience. In this example, EURO, the average Limit orders are 150~. At low of day(1.4426),(time: 10:02:31 ), you see its 225 limit. Bigger than normal. You see on the left Tape its orders over 10 lot. There is 4 big lots that printed at 1.4429 at ASK. Pros get on before the breakout not after.
bloom, blooming marvellous, lol
seriously though, thank you.
Yes THAT large print I see.
I've (from today) attached two charts to show my layout.
I use the GomMP and GomVolume Ladder and as I mentioned, I think they are giving me a read of tape
all be it in a different medium.
Think of the POCs (black on each bar on first chart and yellow outline on second chart) as a form
of your large prints (sort of) and then price reaction to those levels.
(scalping with a very sharp knife)
What I would like to do is add an additional layer of your T&S read.
From your chart, I'm left with the moment at which you decide to "take action"?
I appreciate this is not a red/green light thing, more like the flow of water, but the moment of action
is why I'm here and looking forward to understanding more of what you are all doing.
1) I dont remember. Some kind of a high. I didnt take a video. It helps to take video just incase you have questions.
2)There was like only one 14~ lot ASK. In other words, not a lot of Big prints.
3) I think it was slow like push or walk. So maybe it got pulled. And it was to scare.
4) Normal size I think. Besides the big ASK.
So what is the purpose of showing a BIG Limit? Im getting the feeling its only to scare people. Because I see big prints when the limits are normal size.
Ok here come the stupid questions...
Hoping you can help me overcome my ignorance:
1. "if you see 1000 at ask, uptick"
are you saying a 1000 printed on the T&S at the ask price ?
Where are we "seeing" this 1000 ?
2. If yes, then how can that be a limit sell ?
lets say at the time the bid/ask was 1134.00/1134.25.
1000 printed at 1134.25
Wouldn't the 1134 bid price have to go to 1134.25 bid in order for the 1000 to be filled as a limit sell?
3. If so the 1000 would be at a bid prince on T&S no ?
4.If the 1000 and then another 1000 and then the 10,000 were at an ask price on T&S why wouldn't they be market
buy orders ?
5. In other words how can a limit sell be filled at an ask price?
PS: obviously there is a sell at the buy price other wise there would be no fulfillment
of orders, I'm just not understanding the way it's displayed on T&S I guess
I'm obviously misunderstanding something and really appreciate any feedback.
For doing good tape reading we always must think in OHLC or price levels, reaction, Size of limits and speed of the tape.
If you are all want to progress you ll have to do this.
Just understand you are doing this not only for yourself. Other peoples reading this thread to, and may find it more helpfull if information will be more structurized and organized)))) And those people would share expirience to and we will move further.
Also your progression will be more effective with structure
Today was inside range day. Tomorrow important news and market will go powerfull. Be prepared to trend tomorrow or after tomorrow