Traders Laboratory - View Single Post - Tape colours and symbols
View Single Post
  #2 (permalink)  
Old 05-07-2007, 06:49 AM
Soultrader's Avatar
Soultrader Soultrader is offline
Soultrader is focusing on discipline.

Trader Specs
 
Join Date: Aug 2006
Location: Tokyo, Japan
Posts: 3,142
Thanks: 138
Thanked 436 Times in 192 Posts
Send a message via Skype™ to Soultrader
Re: Tape colours and symbols

The green means contracts at the ask and the red means contracts at the bid. So in a fast market, you may see alot of market orders at the bid indicating panic selling. After a decline, look for contracts at the ask which would indicate short covering.

White prints are transactions that take place in between the bid and ask. It may sound off since the YM trades at 1 pt intervals. But let's say the bid is @ 17000 and the ask is @ 17002. A trader sends a market order to buy but is filled at 17001. This 17001 print would show in white.

I believe the + and - signals are just indicating whether the current print was a uptick vs downtick from the previous print. Hope this helps.

__________________
James Lee
TradersLaboratory.com
-----------------------------
Empowering traders with knowledge.

Please support TL by visiting our sponsors. Thanks!
Reply With Quote