What is tape reading ?? | Traders Hideout

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What is tape reading ??

  #17 (permalink)

Portland, United States
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xplorer View Post
It does sound you are talking about Depth of Market when you say Time and Sales.

The reason I say this: T&S is, effectively, price action, as in, it's the prints of orders. DOM shows intent mixed with action.

Just want to clarify. Thanks.

When I say Depth of Market I'm talking about the screen that only shows pending limit orders. When I say Time and Sales, I'm talking about the screen that only shows the history of executed orders at the bid or ask.

I've never heard Price Action defined as "prints of orders", but I certainly don't see anything wrong with it. From my neck of the woods, Price Action has always been the behavioral patterns of the bars printing on our charts.

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