What is tape reading ?? | Traders Hideout

futures.io - futures trading strategies, market news, trading charts and platforms

Traders Hideout

Discuss day trading practices and futures trading strategies on this forum for all markets. This forum is also for discussing and reviews for brokers, data feeds, and commercial or third party add-ons


What is tape reading ??

  #22 (permalink)

Springfield, MO/USA
Trading Experience: Advanced
Platform: Jigsaw
Broker/Data: AMP CQG
Favorite Futures: ZN, ZB
Heph333's Avatar
Posts: 43 since Oct 2009
Thanks: 49 given, 83 received

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.

Follow me on Twitter Reply With Quote
The following user says Thank You to Heph333 for this post: