He didn't put me on ignore so I blocked him. Why threaten to ignore someone if you're not going to do it? Why participate on a trading forum if you have no clue but think you have it all figured out?
I did the industry's first tape reading seminar at Sheraton Anaheim in 2001. Wrote the first modern article on it for Active Trader magazine I have a popular course on it at www.tradingvideos.com I feel fcking old lol
Get you a computer. You won't have to tape read any longer. All kidding aside... the most important info in the real-time chart is waaaaay more significant than "time and sales". KISS, baby. Side note... I tried to send you a PM once but the site wouldn't let me.
Let's first admit that tape reading has been around for well over 100 years so no, the first tape reading seminar did not occur in 2001. Let's also understand that you can call T&S "Tape Reading," but it is notTape Reading as Livermore, Wyckoff et al understood it to be.
Isn't that what the tape was back in the day? A record of the price a stock sold for? I'm not sure because although I'm old I ain't that old. I've never used level2 because it can be manipulated. Time & Sales is what happened.
You do realize that you are just posting snapshots of "time and sales" data and stating that its not "time and sales"
There is an "historical progression" of information on stock quotes. Originally players met on the street corner and talked prices. Then there were "trading rooms" where the prices were posted/changed on a large chalk board for all to see. That, of course took "time". Then there was the ticker tape. Now the electronic tape and real-time charting with nearly instantaneous electronic fills.
The crawler on financial channels like CNBC. I've done a little "tape reading" myself.... Like when an important tech stock reports earnings after hours... you can see its symbol coming up every few seconds with the results of a trade. That's "tape reading". The RTH markets being closed at that time, you don't get to see the price chart until the next day.
There is a difference between T&S for an individual issue and "the tape" which is is representativie of the market as a whole. When a tape reader refers to "the tape" he or she is not referring to SPY or the emini or TSLA, though he may be reading the tape to judge the position of one or any of those tickers. The tape reader is judging the action of the market as a whole and perhaps one or two tickers in particular relative to the market as a whole. If one is truly interested in tape reading, get a copy of Rollo Tape's (Richard D. Wyckoff's) Studies in Tape Reading, and then subscribe to a scanning service that will let you select the tickers you feel are representative of the leaders and secondary leaders, and then watch that scan through the day. Those still pictures I showed above do not do it justive. When the market was falling, the tape was flying, then the pace slowed as prices started to firm up, etc. But "the tape" is not a time and sales window of a particular ticker nor its level 2. Tape reading is focused upon judging the market by its own actions as indicated by the price action of the leading issues of the day.