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warrenbuffet, When you see an offer on the tape that is always one cent above the last print, it is a short. If the bids start getting taken out and the stock prints lower, that offer must follow the last print or it is not a short. The idea is to get short in front of a short that is...

Warrenbuffet, I think you should use the open book more as a reference and not as a way to find an entry. Focus more on the time and sales, the tape, and looking at how the specialist prints. Sometimes the bids and offers in the open book will be fake. There are guys in my firm that will try to...

Hydroblunt, Soon to be extinct tape reading??? It might get a little harder but completely gone? Can you please explain why you think that and what you base your trades on?

First off I would like thank Investorsources for your positive reponse. The reason for my original post was because I have become very frustrated with the technical indicators that I have been experimenting with. Thats all. My intentions were not to insult any TA traders. Honestly I have not...

After all of my researching and studies, I have come to the conclusion that technical indicators in nyse stocks simply do not work. Tape reading and price action is the ONLY way to go. I have looked at nearly everything...RSI, ADX/DM, stochastics, MA crossover systems, money flow, etc. Am I...