I agree with P. I much prefer the ES to the NQ for a few reasons. Better liquidity, tick size and price etc. I also feel that the NQ can move a bit more rogue then the other minis...maybe just my perceptions? That being said, a chart is a chart and a signals is a signal. RED
>> 1) add the above ask transactions (buys) 2) add the below bid transactions (sells) 3) compare the numbers to see which side is winning... >> nothing more than the usual 'price moves toward the volume' -- is that all the discussion ?! :eek:
Anek has been attempting to go on vacation with his family at approximately the same time he mentioned tape reading... I would imagine that upon his return he will expand on the subject in greater detail... he had posted a few charts with light commentary, a pdf or two were posted and a book was referred to regarding the subject. We are all eager to learn more, but need to be patient and respect his personal time... I personally am reading the mentioned materials in preparation for his return... which hopefully isn't too soon
Tape reading is one of those things that take a lot of time to develop. So be patient and dont get frustrated. P.
Read this tape! Looks like a bunch of MOC buy orders for NQ. They all went off at 2 seconds before 4pm and ran the contract from 2106 up to 2112 with orders "Above Ask"
Hi Piscuy, What is yout time frame on the ES? I know your preference for the NQ and ER2. I like to trade the ES too with the one tick profit thingie. Much better for your scalp method Also, when you are in scalping mode, do you only trade pivots? Example...see a Picuy pivot-make a trade-close trade-wait for next pivot? Or do you trade a momentum scalp too? I got waxed today on the ES with the chop and tried to let my winners run and got scalped! I am dedicating a few weeks to STRICT Piscuy Scalp! Thank you!
Your comments show that you are experienced - not only in trading. Personally I took a step back from trading live mainly because of my job. I was trading live a few times before, but not for a very long time. I always stopped when I felt too uncomfortabel with my method. Whatever, what is presented in this fantastic thread provides me with some hope. Piscuy, I got one more question: How do you scale out. First portion on a fixed amount or both discretionary based on T&S, Trendlines and Support and Resistance in general? And do you move your stop after closing the first portion?
That looks like somebody sweeping the book to unload position. Maybe at the end of RTH you could put a sell 5 points above the inside B&A and a buy 5 points below and catch them type of moves.