What is tape reading ?? | Traders Hideout

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What is tape reading ??

  #8 (permalink)

Portland, United States
Trading Experience: None
Platform: Private
Favorite Futures: ES, CL, GC, Currencies, Bonds
Posts: 169 since Jun 2015
Thanks: 943 given, 125 received

samur2000 View Post
K Thnx a lot but I see tape from 6 months now I knw about big size thickness refresher but who's control the market when you take position long or short

In my experience, reading Price Action is more reliable then T&S. Watching the T&S can be very deceiving, but Price never lies. It's objective data. However, it can also depend on the particular market. For example, it's much easier for me to trade off the CL T&S then the ES T&S (which I mostly ignore).

If you day trade equities like your profile suggests, unfortunately I wouldn't have any idea what to look for because I don't have experience with those.

Last edited by Portland; September 27th, 2016 at 05:06 PM.
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