Traders Laboratory - View Single Post - Techniques of Tape Reading
View Single Post
  #15 (permalink)  
Old 05-24-2008, 05:42 AM
Trader333's Avatar
Trader333 Trader333 is offline
Trader333 is in "Reflective Mode"

Trader Specs
 
Join Date: May 2008
Location: UK
Posts: 53
Thanks: 26
Thanked 6 Times in 5 Posts
Re: Techniques of Tape Reading

I bought this book around 3 years ago when I was trading US stocks extensively and found it to be one of the best that I had read. The principles in the book have been discussed at length by others such as dbphoenix and were of real use at the time for me in understanding the phases involved in accumulation and distribution. In more recent times there is now a view that analysis of volume for trading of stocks is not as useful as it once was because of the way in which transactions are being conducted. I have not looked into this with any depth but it did come from a colleague who is the best trader of stocks that I have met.


Paul

Reply With Quote