Anyone recommend material to learn how to read the tape? (i.e. level 2, timeofsales)
I've been reading One Good Trade and the author consistently mentions the importance of reading the tape, which he strongly believes is a much better indicator than charts. I'm wondering, does anyone here make good use of the tape? And if so, recommend any sites or material here or anywhere else where I can get a grasp of the material?
Peter @DionysusToast on futures.io (formerly BMT) has some good webinars that you could check out if you were elite.
Youtube has some links to his videos under his name "Jigsaw Trading".
If you are serious about learning the tape, there are lots of resources here but you must be an Elite Member.
If that is not your path, then the best way is to read, watch youtube videos, watch webinars by some tape readers and above all. SCREEEN TIME. Reading the tape is 80 - 90% watching the tape and creating a sense of what is about to happen. Tape reading takes time to learn... for most people that is years...
Hope this helps.
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