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What is tape reading ??

  #23 (permalink)

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Trading Experience: Beginner
Platform: Nt8, MotiveWave, TOS
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KahunaDog's Avatar
Posts: 506 since Apr 2013
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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.

I am going to have to disagree with this.
imo it is the opposite

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