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Old 04-09-2007, 01:38 PM
Yigal Yigal is offline
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Re: Help understanding the Tape.

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It doenst make sense at the moment because you do not understand what to look for and how to use it. Tape reading is not easy. You will need to devote a few months observing and staring at it until you start to see information relevant to your trading. You might want to start out by looking at the tape only when price reaches a certain key level. Watch how it behaves when price reaches there and keep an eye on bigger contracts that come across tape.
Thank you Soultrader for your answer, I have seen all of your tape videos, thanks again, very helpful!!! The thing is, I see large buying at the tops today and large selling at the bottoms it's in the attachments, THAT doesn’t make much sense to me, since today is all choppy and range bound, but again I am new to tape reading and that’s why I’d like to know your opinion on today’s action.

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