The Secret of Tape Reading

[BoyBrutus]

The Secret of Tape Reading


http://www.youtube.com/watch?v=jSFR17cEfa4

The aboriginal man explains the secret of tape reading

Great movie too

 

[hanzahar]

cool is it for real?

 

[BoyBrutus]

Quote from hanzahar:



cool is it for real?

I guess you will answer that for yourself after many many years.



http://www.elitetrader.com/vb/showthread.php?s=&threadid=42947&perpage=40&pagenumber=1

 

[bananadodozx]

ohoh , so wonderful...

 

[BoyBrutus]

Quote from bananadodozx:

ohoh , so wonderful...

welcome to ET

maybe this is more the path you seek

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[ProfLogic]

Quote from BoyBrutus:

The Secret of Tape Reading
http://www.youtube.com/watch?v=jSFR17cEfa4
The aboriginal man explains the secret of tape reading
Great movie too

Perfect analogy . . .

It's deeper and simplier than Market Depth though . . .

 

[sandygray66]

BB - great analogy.

Most often, it's the standing bids/asks which are pulled (i.e. the kicked stone) that allow price to move one direction or the other - particularly in the ES. The difficult part is being able to tell the difference between bids/asks being pulled versus being hit with orders.

People complain about all the fake standing orders on the ES DOM making it impossible to read. But when those fake orders are pulled away, that says something.

 

[jimbo320]

Good trading all