Tape Reading

Why can't people just answer trader28 original question? Why all the cut downs..etc.?He asked a sensible question. What is it with you guys? Is it too much to ask that if you don't like tapereading find another thread.:confused:
 
Quote from mizer:

Who is the one asking "does anyone know who has a good time and sales"

"Time" "Sales".........uh hello

Is'nt it time to mop the floors yet:D
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What is your problem dude? Why the mockery? He plainly said that he was "new" to this subject in his first post.
 
Quote from hirsch.im.wald:

Hello prey, you're welcomed.
You're naive, arrogant, unexperienced and you probably think you're very smart.
That's a definite death sentence.
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I know I'm smart, no news flash there, I'm also wealthy unlike you so give that a good hard think in your armchair while you brush the beer and nuts off your singlet
 
Quote from Steve Tvardek:

Requires 1000's of hours of trading experience to learn how to properly read the tape. If you are willing to log the hours, you'll start to see what you need to see.
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Not neccesarily so. If you have some good instructions beforehand on how to read the tape the learning curve can be cut down to a whole lot less than thousands of hours.
 
Quote from Hydroblunt:

You know what dude, you need to suck it up and realize that life is not about handouts. Maybe that is how you were brought up in easy going suburbia but for some people it all has to be done by themselves with no help. I had a very slight idea of what tape reading was and ended up learning it on my own by simply WATCHING THE TAPE. If you read "Reminiscinces of Stock Operator" you will notice that Livermore learned it all from simply watching the quotes and the prints.

So get your ass in gear and start watching some stock in action and how it quotes and prints vs what is in the Open Book. If you cannot get yourself to learn that, then I suggest you get out of trading ASAP because even tape reading has a very limited future.
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You are about as blunt as a fire hydro!! I doubt his stores where handed to him.
 
Quote from pinabetal:

The Tape is the tape. Nasdaq, NYSE, AMEX 5 minute..30 minute..one hour..daily..weekly..monthly.. stocks..futures...well it simply doesn't matter if you know how to read the tape. The tape can be read in ALL markets in all time frames.

I can surely scalp the Nasdaq with just bid/ask size and price and volume, . Don't even need level 2 to scalp it. Nevertheless, many times the moves are bigger but that just means more money if you get the direction right.

Tape reading can certainly help get the direction right in all markets in all time frames.

The tape doesn't lie! That is probally why Gann called his book "The Truth of the Stock Market Tape.
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I sense you do not really know what you're talking about. I do not think you even understand what the tape means and what Livermore meant when he started to recognize the bucket shop scam through the tape. I suggest you re-read the first few chapters of ROS to understand the type of tape reading most NYSE day traders do (or at least try to).

The NYSE tape and Nasdaq Time & Sales are quite different. The reason you would want Level II is to see the MMIDs so that you can try to pick up which one may moving the stock.

But hey you sound like the standard ET super multi millionaire trader. I dunno why you're asking Steve for some calls on ACI, you should just go and make a killing on it since you seem to be such an expert on the tape.
 
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