[shrewdtrader]

Hey I'm new to this site and been lurking a while and this is my first post. I've read the disciplined trader,trading for a living, ticker technique and S&P's Guide to Investing. I'm 18 and want to trade for a living and I heard in order to do that you need to know how to read the tape. I'm looking into E-MINI'S and want to know a few pointer's or clues on tape reading according to E-MINI'S while I paper trade. Any Feedback would be great and The platform I use is global futures and I recently downloaded E-Signal

[Flojomojo]

Check out the Wyckoff forum over here: http://www.traderslaboratory.com/forums/f131/
In the 'resources' section you'll find some of the clues You are looking for. DBPhoenix also wrote a great eBook which I highly recommend. I hope this gets you started.

[jessechan]

Vadym Graifer's Techniques of Tape Reading is an excellent book as well.

[Bearbull]

Originally Posted by shrewdtrader »

Hey I'm new to this site and been lurking a while and this is my first post. I've read the disciplined trader,trading for a living, ticker technique and S&P's Guide to Investing. I'm 18 and want to trade for a living and I heard in order to do that you need to know how to read the tape. I'm looking into E-MINI'S and want to know a few pointer's or clues on tape reading according to E-MINI'S while I paper trade. Any Feedback would be great and The platform I use is global futures and I recently downloaded E-Signal

Get hold of Vadym Graifer's Techniques of Tape Reading. Also visit Linda Raschke's site and download her articles on the same subject. It is not about reading order flow on Time & Sales nor anything to do with Depth of Market.
Also as suggested above visit the Wyckoff forum, tons of free info. on how to read price action i.e buying and selling pressures. There are only a few principles.
However in case you stumbled onto VSA team, they have managed to make it simple by having "400 indicators in their charting package" just in case you are keen like most newcomers to get entangled in unnecessary jargon of reading the footprints of the smart/professional/syndicate money.
Good luck

[shrewdtrader]

Thanks for the feedback. I'll definitely consider the advice.

[Flojomojo]

Originally Posted by Bearbull »

However in case you stumbled onto VSA team, they have managed to make it simple by having "400 indicators in their charting package" just in case you are keen like most newcomers to get entangled in unnecessary jargon of reading the footprints of the smart/professional/syndicate money.

thats so true...been there too...but imo it is definitely worth a look!

[Mr_black]

Originally Posted by shrewdtrader »

Hey I'm new to this site and been lurking a while and this is my first post. I've read the disciplined trader,trading for a living, ticker technique and S&P's Guide to Investing. I'm 18 and want to trade for a living and I heard in order to do that you need to know how to read the tape. I'm looking into E-MINI'S and want to know a few pointer's or clues on tape reading according to E-MINI'S while I paper trade. Any Feedback would be great and The platform I use is global futures and I recently downloaded E-Signal

This pic will help you to start your Tape reading journey

[Mr_black]

This is the 2 outputs of 4 inputs.....good luck to you...