[Help] Tape reading and other techniques

[navigateqd]

Quote from jack hershey:

Both of these guys are real pros. They live almost a continent apart but they do work extremely well together.

I'm trying to figure out how the pattern been recognized.
These videos are good.

 

[navigateqd]

Quote from saliva:

Tape reading was considered important back in the ol' days only because the charts were so crappy and nearly impossible get in a timely manner. Now that they are, tape reading itself has fallen out of favor. But you know what? Tape reading is nothing other than pure price action. If you know how to properly read them prices on the chart, well, there's no need for T&S. As they say, EVERYTHING IS ALREADY PRICED IN, STUPID!

yeah, so I want to learn how to read the balance of forces behind the prints. It's not easy but totally worth it.

 

[jack hershey]

Quote from saliva:

Tape reading was considered important back in the ol' days only because the charts were so crappy and nearly impossible get in a timely manner. Now that they are, tape reading itself has fallen out of favor. But you know what? Tape reading is nothing other than pure price action. If you know how to properly read them prices on the chart, well, there's no need for T&S. As they say, EVERYTHING IS ALREADY PRICED IN, STUPID!

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.