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If you cared to read entire discussion you'd see that tape reading we apply has nothing to do with "reserved and discretionary orders". If you cared to learn a bit about "someone" you rush to slap, you'd see that this "someone" has not just decided to write a book about it, but works on...

Tape reading & market tactics by O'Neill and Studies in stock speculation by Wolf... And again, as with Reminiscences..., they did their part in outlook shaping rather than in forming of exact trading system. Hint there, clue here, and everyday's trading and observing, day after day, month...

I'd say, Reminiscences... was the most imfluential book for me. Not the only one of course, many others added thing here, concept there, but that one shaped up my entire outlook. It's not even trading system that this book taught - there is not much in terms of trading system in there... it's...

You nailed it. In addition, charts allow to see certain formations, let you relate volume to price movements much easer and give you the story of what happened before you started watching particular stock. I went through both stages, and charts certainly made it a lot easier. It's just more...

Trying to imagine this movie... ... it all happened in quiet sleepy Daily Chart, on South Coast of Monitor. Small Stock lived there forever, leading slow respectable life of average volume, making his firm 10K shares a day, never experiencing Euphoric Spikes or Capitulatory Selloffs. Small...

Yes, I understand obvious publicity part... I rather meant sale as offering the discount :) It seemed to me that the book (or anything else) should go at full price as it's released, then as time goes, discounts are applied. Announcing the sale before the book is published feels...

I agree. And the next natural step for such trader would be, IMO, to make his life easier by laying out those patterns he spotted and learned to exploit, then forming setups to trade on and making his trading simple "see recognizable setup - take the trade - set your stop - take profit or stop...

If you spell out questions, it'll be easier for me to give answers... what seems to be unclear in that?

It is... isn't it funny that they announce sale on the books BEFORE they even published?? :)

Master set didn't have those... not sure if bound copies are exact copy of master set. Authors don't have too big influence on this kind of things, to say honestly.

You are absolutely correct. Here is the answer to similar question I posted a while ago: http://www.elitetrader.com/vb/showthread.php?s=&postid=239786&highlight=tape+reading#post239786 General concept is: 1. Smart money is usually right. Crowd is usually wrong. 2. Smart money and crowd...

It is available on Amazon and several others for pre-order, should be out at the end of August. The title is Techniques of Tape Reading. Not sure whether I am allowed to post direct link, sorry :)

Thank you. Still can't believe it's done, trading is way easier than work with editors, LOL. As much as I hated most of their corrections, I have to admit though, book became more clean and clear when they were through with us. As for NYSE... I wouldn't know that, we are NASDAQ guys :)

Don't worry... if it works from Jesse Livermore times (at least), it won't stop working because of us. True system is based on psychology of market participants, and it would take more than a book or seminar to change that psychology. Try major evolutionary turn... :) It's tricks that stop...

PuffyGums, as it stands right now, we can't post excerpts from the book, gotta get publisher's permission for that. We did ask them for one, waiting for their word - this process is apparently formalized, goes through the levels of management (gosh, how happy I am that as a trader I don't...

I believe you addressed this to me since Chris was lucky to be born here :) Thanks for good words... but I still am glad to be able to live and do business in civilized society instead of one soaked with crime. As tough as it gets sometimes with market makers or book editors, I'll take them...

People were protesting when the market went to decimals. People are protesting when the market goes back to fractions. I guess people just hate change :) As for me - I don't give a sneeze. I traded with fractions, trading with decimals, will convert back with no problem. Takes a week or a...

IMO, simply not enough info in the above. Real question is, how much money is on sideline, ready to pounce? If it's enough to outweigh those that already commited then the path of the least resistance is up.

Questionable... maybe it was smart money that was right unloading into that vertical move? :) The real question is, who had profited eventually. Crowd certainly did not, or we woouldn't hear all the complaints about bubble bursting, money lost etc. I mean, being right about the direction at...

Division crowd vs smart money simply refers to the balance of those that have already bought (assuming we are talking long side) vs those that still represent potential buyers. The more this balance is tipped in favor of "already in", the closer reversal is. If "everybody" is already long, stock...