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Old 06-04-2007, 06:52 AM
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walterw walterw is offline
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Re: Time & Sales

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I think a newbie needs something concrete to work with, like VSA for example. I've yet to see a workable tape reading strategy and tape readers usually fall back on claims that it's a "feeling" that can't be explained. I think any newbie hoping to scalp a few ticks on the basis of some mysterious "feeling" is in for trouble.
Tape reading is not easy, vsa isnt as well... and the "feeling" of tape is not subjective I think... you feel how the tape goes wild with super amount of buy/sell contracts, or you feel how the tape is stuck... there are clear empiric and objective events on tape...

I think any aproach has to be dwelt as dificult or easy you want to make it...

If you WANT to learn it you will.... be newby or not... cheers Walter.

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