[Head2k]

I am a newbie who just recently got out from the Holy Grail Quest phase and I decided to start tape reading. But instead of using T&S I decided to watch 1 tick chart with volume. I don't know if some of you actually do it too, but anyway, I have a question (I guess a noob one).

Could anyone give me a hint what the attached pattern means? Apparently it is a big order split into several sequences. Each sequence is made of 8 steps.

9 contracts @ 1875.00
4 contracts @ 1875.00
2 contracts @ 1875.00
1 contract @ 1875.25
4 contracts @ 1875.25
2 contracts @ 1875.25
1 contract @ 1875.00
1 contract @ 1875.00

What is buying and what selling? What is the interpretation of such a pattern?

And I am interested if anybody else reads the tape this way. And if there is someone out there, what patterns is he/she looking for.

[minoo]

The Article 'Reading the Music of the Market' by JC may help you to use TICKS differently
http://www.smartmoney.com/options/in...tory=sfo-music
(click on the print button to view without the clutter)

I use Tick chart in a similar manner JC explains with candle body and tail size relationships while crossing the Tick levels
Tape mostly as order flow @ 'change or continuation' zones of S&R areas & trendlines on price chart

Hope it Helps
Minoo

[Head2k]

Originally Posted by minoo »

The Article 'Reading the Music of the Market' by JC may help you to use TICKS differently
http://www.smartmoney.com/options/in...tory=sfo-music
(click on the print button to view without the clutter)

I use Tick chart in a similar manner JC explains with candle body and tail size relationships while crossing the Tick levels
Tape mostly as order flow @ 'change or continuation' zones of S&R areas & trendlines on price chart

Hope it Helps
Minoo

Not exactly what I was talking about but thanks anyway. I didnt post NYSE TICK chart but 1 tick chart where every point represents one tick in Nasdaq 100 index futures. The pattern shows some kind of big institutional order, automaticaly sequenced so the size is not obvious. And I was asking how to interpret this order. I noticed a lot of similar sequences, but I find very hard to understand them (perhaps thats their purpose ). So I hoped for somebody more experienced.

[minoo]

Oops .... , Interesting what you are saying; But sorry way too deep for me.

[RobinHood]

Is that fresh from your T&S?
if so it would help if those you added timestamps and marked each as to whether they are at ask/bid...

[Mr_black]

this is my setup to read tick patterns

[britkid99]

Mr_black,

Interesting set up. Looks like Ninjatrader, yes. How do you get the graphical representation of the DOM on to the chart? That looks much easier to view than trying to eyeball the columns themselves.

Brit

[Tams]