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What is tape reading ??

  #22 (permalink)

Springfield, MO/USA
 
Trading Experience: Advanced
Platform: Jigsaw
Broker/Data: AMP CQG
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Posts: 43 since Oct 2009
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The only issue I have with T&S ("the tape") is that you are only viewing market orders with no heed to the accompanying depth of limit orders at that price. Since every market order buy was into a limit offer, and vice versa for shorts, what market orders "mean" is difficult to determine without regard to the behavior of the depth. IMO.

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