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The big reason the market keeps going up is the infusion of capital into the markets by the public who is hoping it is time to party like 1999. (Obvious.) Q: Why are so many traders bearish, continually trying to short the market, when there is more to be made in on the long side, while the...

There are times when you want to trade small and times where you can "go for the jugular." I don' know why successful trading should differ from a regular account to an IRA. Same entries, exits, leverage, stops, etc.

I'm still not clear on what you mean by "bbid" and "bask." I see that you are using IB TWS, which shows bid and ask 5 deep. Are you talking about cumulative size of the 5 deep bids vs. 5 deep asks, then stating the smaller of the two rules, or are you talking about something else?

I am not sure what you mean by this and if it relates to what I was saying about size. Obviously in my example the large traders were the minority of traders and won the "battle." But maybe you mean when everyone agrees, they are all already long [short] so the market has nowhere to go but...

Thanks for the reference, will read that thread. However, I don't think anyone has really weighed in on my earlier thoughts regarding t&s and large lot purchases at the market. Does this make a difference to any other "tape readers?"

Is Nitro a firm or a person?

If I understand you correctly, you are saying the entire trading really amount to reading the tape, feeling the rhythm, then scalping ticks. I can buy that, because I know from watching the tape there are 1000s of contracts changing hands that way, not just in es, but in nq, ym and zb also. So...

The attachment shows your trades, but it doesn't give us an idea of how you used es T&S as a tool to make these trades. Care to elaborate?

I thought the Balmer sale of Microsoft was the ultimate indicator that msft was doomed for a lot more downside. But the tide has lifted msft also. I read somewhere that insider selling isn't a great indicator since there are a lot of reasons why insiders sell. However, insider buying happens...

My argument regarding the fragmentation due to these other instruments would be the same as with seeing just the buys at the ask vs. orders to buy at the bid - I assume the ratio will be relatively constant, even between instruments In the case of the S&P, the large traders are the funds...

Reading some of the posts on this thread it is clear that religious debates evoke a lot of emotion on all sides. Even if you are on the side of believing in God and\or satan, I would quote Mark Ritchie from New Market Wizards, "God is not a market manipulator." I would add, Satan isn't...

I'm actually kind of surprised how many traders out there are resistant\skeptical regarding this. Isn't this tape reading 101? I've read chapters in trading books where tape readers used to be interested in large orders in particular. They were looking for the footprints of...

When the herd of elephants are moving one way, and the mice are moving the other, go with the elephants, or you'll end up flattened by the stampede.

Its all about the strong hands, where large lot size is indicative of strong hands. Trade with them! Another reason I believe this works, is the strong hand are more committed and have more "ammo" to expend. Again, yesterday morning is a good example, in that when prices dropped below 1027...

Interesting question. Just had a discussion on this in a chat room yesterday. Using T&S along with the bid\ask and price movement, I equate to "tape reading" which goes all the way back to stock speculators in bucket shops. To get good at it, you really need to watch it for months and months...

This forum isn't meant to be a complete primer on trading with MP. If you are struggle with what a TPO is, start with Dalton, "Mind Over Markets" available at Amazon and other booksellers. For how to trade gaps, refer to a standard book on technical analysis, such as John Murphy's "Technical...

Most traders have only a rudimentary understanding of the market profile and its application to day trading. They are using yesterday's VA and POC. The greatest value in daytrading with mp is in the evolving market profile for the current day. If you don't learn this, you have lost the...

Gordon, I think this previous post on the subject is a useful way of looking at after hours trading.

I'm not sure exactly to what you are referring in "type of opening" since there are so many ways to view the opening. Some examples include, where the market opens in relation to the previous day session close, the previous day's value area, and its poc. The lowest risk mp plays are derived...

Trade the "bigs" ZB and ZN for the bonds and notes. They are the electronic equivalents of the pit traded contracts.