[Help] Tape reading and other techniques

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

  1. I'm trying to figure out how the pattern been recognized.
    These videos are good.
     
    #41     May 6, 2009
  2. yeah, so I want to learn how to read the balance of forces behind the prints. It's not easy but totally worth it.
     
    #42     May 6, 2009
  3. At some point you may figure out that tape reading is volume oriented.

    For top tier trading, volume leads price.

    You will also notice that four games are played on the DOM. Orders (potential volume) is what is being read and played.

    Watch the orders that can't get filled. Who places orders that can get filled? Price action traders.

    Do any top tier trader orders ever show on the DOM? Why not?

    No one has to read the tape all of the time. Top Tier traders only read it when a turn is coming into view well ahead of the turn.
     
    #43     May 6, 2009