Search results

I don't want to hurt your feelings, but you're waaaaay off the mark. The Holy Grail of trading is in TA of the price charts. That's where you can tell what traders are doing with their money. Nothing is more important than that. In "all the world of the markets", you don't get to KNOW much...

Maybe. Can you tell me what that means in such a way that I can use it to my advantage??

Tape reading is a 100 year-old notion. Back in its day, it was the "cutting edge" because trades could be posted to the ticker tape faster than they could be "chalked-up" in trading rooms. Not the case any longer.

You sir are mostly correct. "Hard to trade off that".... especially when the market is closed. Hard to trade off that when the market is open, too! But what you don't yet realize... is that information is WORTHLESS for trading... which is my point for jumping into this thread! Everything you...

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...

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...

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.

And you sir have joined the ranks of DUMBASSES on ET whom I've put ON IGNORE!! (Not to worry... you've got plenty of company!)

Not really. Truth is truth. Just because you claim to "use it" doesn't make what you said true. My view is that it's subjective in interpretation/application and an unnecessary (even detrimental) complication.... an as such, it's worthless.

No offense, but that just sounds like a load of hooey!

Maybe that would go over like a turd in the punch bowl. That is, have hearings but not have them concluded before the election. Then have the Repubs say, "OK that's enough... no more hearings as the election is close at hand... we're taking a confirmation vote now". Once they agree to have...

Yeah, confirmation without a hearing would give the Dems cause to bitch. But maybe that's a "so what"? "When you've got the votes/power, you can do things." (Like Obama said [paraphrasing], "You want to make policy? Then you win elections".) If the Dems held the Senate by <60, wouldn't they...

I think that's what it was.... same as on the electronic tickers today... you see the price, price change, and at what time. Personally, I've never found that information valuable... and certainly not as relevant as the price chart. If you were to ask me about my opinion of tape reading, I'd...

I could be wrong on this, but.... Long ago stock quotes were provide by a ticker tape (now we have a few electronic thingys doing the same thing). One could watch that tape and observe repeat transactions in high-volume stocks to get a notion of price momentum of that stock. Nowdays we have...

Rush Limbaugh made the point... that no hearing on the appointee is required. That is, Trump can submit a name and the Senate can vote... and that's it. Confirmation! No way to "drag it out" if there's no hearing... unless a few Repubs don't go along with the party on this. Is this right??

That's 1.

And isn't that virtually the same as "number of contracts traded"? The more time price spends at one level, the more contracts get traded there.

It's some measure of the number of shares/contracts traded... with the implied "wisdom" that there is some value in knowing whether the number is high or low.

Which goes to my point. A trader's objective is to be "in tune with price"... that's how you get paid. You don't get paid for being "in tune" with some volume consideration... including Market Profile or VWAP. While "price and volume" is the conventional wisdom holy grail of markets and...

Maybe that. Saw on the financial news that lumber had gone from $337/1000 bf to >$900... adding $16k to the price of an average new house.