[Harlequin]

Thanks smwinc, you explained it a lot better than I could.

beeker1121,

I've been trying to think of any good resources to learn tape reading and there is not a lot about. Soultrader has some good videos on this site, they have been moved to the premium area so you'll need to sign up for that. Other than that I'd recommend taking the 2 week trial at Trade The Markets, go through every video on Hubert's newsletter with tape reading, scalping or live trading in the title and also the members only webinar "Day Trading Seminar - Scalping the Markets".
As Hubert would say teaching someone to tape read in a book is like trying to teach someone to swim over the telephone. To learn you need to spend a lot of screen time, open a DOM and a time and sales window, close all the charts and practice.