The book and cover are not misleading because in the subtitle promises:
- How to "read the tape" in any market.
Seprarate market reality from market misperception
Learn what price/volume action reveals.
Note that "read the tape" is in parenthesis. Agree or not, the term is commonly used to describe virtually any method that interpets market sentiment through real-time volume/price interaction.
I found this approach refreshing because I had studied mostly through a MP + filtered T&S and market delta approach. I find I can more easily recognize change in sentiment through candle shapes and VOL Profile. Guess I'm more visually oriented.
If you want to say T&S is the "only" form of "tapereading" have at it. It is closest to what early traders had. But to say it is the only way to interpret the
principles taught by Wyckoff, Scabacher, etc. is wrong.
Therefore I continue to recommend this book, especially to traders new to reading market generated data in real time and trading without indicators, or those like myself, to whom a picture is worth a thousand numbers.