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Old 11-03-2006, 05:30 AM
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Re: When opening FAR below POC...

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soul, I have a question. When you say tape reading, how do you do it? You read from Time & Sales matrix or Market depth? The word seem to lose meaning from the time that it was really reading from the ticker tape machine. Now everyone uses it without clearly stating what it is.

For my own meaning of tape reading, I read price action from bar charts (higher highs/higher lows and lower highs/lower lows). So no idea what others do.

Thanks.
Hello Torero,

I look at the time of sales. Ive stared at it and praticed it long enough to be able to read it fairly well. I just have a column for price and another column for size. I attached a picture of the time and sales I look at.
Attached Images
File Type: jpg timeofsales.jpg (44.8 KB, 36 views)

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