[Help] Tape reading and other techniques

Discussion in 'Professional Trading' started by navigateqd, May 1, 2009.

  1. Thanks, and I'm an intra day trader interested in short term trading
     
    #31     May 3, 2009
  2. Jack, your valuable insights are inspiring. I believe hundreds of people are looking forward to reading your further posts. Take your time. :D
     
    #32     May 3, 2009
  3. No, I think I process the information in time and sales, but I do not do so consciously.

    I know that I would have a very difficult time adjusting to not seeing time and sales and still day trading like I do.
     
    #33     May 4, 2009
  4. True, trading is the game of the right side of our brains, very intuitive.

    May be you can talk about the patterns in time and sales table a little. It's quite confusing.
     
    #34     May 6, 2009
  5. Turn off all the charts and watch the T&S and DOM only. If you like you can also paper trade along with them. It will take time, but after a while you will see support, resistance, and other patterns. Just be careful of the games played in the DOM as they can try to trick you.
     
    #35     May 6, 2009
  6. In Maverick's posts, he mentioned the way of trading without charts. Any description sharpens several kinds of the patterns? I have tried hundreds of times to read the hidden message and the tricks, but unfortunately I failed. So, any insights will be appreciated. :D
     
    #36     May 6, 2009
  7. #37     May 6, 2009
  8. #38     May 6, 2009
  9. Both of these guys are real pros. They live almost a continent apart but they do work extremely well together.
     
    #39     May 6, 2009
  10. Tape reading was considered important back in the ol' days only because the charts were so crappy and nearly impossible get in a timely manner. Now that they are, tape reading itself has fallen out of favor. But you know what? Tape reading is nothing other than pure price action. If you know how to properly read them prices on the chart, well, there's no need for T&S. As they say, EVERYTHING IS ALREADY PRICED IN, STUPID!
     
    #40     May 6, 2009