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Old 04-30-2008, 07:05 AM
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Re: Question About Time & Sales

On numerous occasions over the years I have watched the tape to try and "get it". I think it is as much art as science. Thats probablly why not much has been written about tape reading from T&S. It's probably as 'pure' a way to trade as you can arrive at. Do you plan on using the DOM (depth of market) along side to try and guage what was advertised vs what actually sold?

Over the years there have been odd nuggets of wisdom about tape reading often buried deep amongst the mire at Elite Trader. A bit of patience and careful searching might dredge them up. There was one guy who's name escapes me who posted how he learnt and basically it boiled down to watching live and then printing out every single print and going over it all again after market hours. It may have been a poster called FutureTrader71, its been a long time and my memory is not so good.

If you find anything interesting please share it here.

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