[Soultrader]

One of the best tape reading books available. For any trader new to tape reading, this is a must read.

Covers the teachings of Wyckoff and Neill. The author shows various setups combining price and tape with the final section dedicated to charts. Alot of good information covered in this book from volume & price analysis, tape, trader pscyhology, etc...

Tape reading and volume analysis are pure information. Master these techniques and you will always be one step ahead of the crowd.

A must have for your trading library.

[tab321]

Thanks for the tip on this book

[Soultrader]

Hi tab321,

You are very welcome I personally found it to be a great book. I recommend it if you are interested in learning about tape reading.

Soultrader

[MrPaul]

Bought the book on Soul's reccomendation, and from skimming through it... A+ book! This one will get read many times over

[keymoo]

Well, I'm going to buck the trend here and say I was disappointed with this book. As I read through I kept waiting and waiting for the author to talk about tape reading, but he never did! The book starts off with an autobiography of how he started and leads on to various tech analysis setups which can be found in any good trading book and he talks about volume which is great. However, there were NO techniques on reading the tape (time and sales). None. There was not even one single screenshot in the whole book of Time and Sales.

If I wanted a general tech analysis book or a book on price and volume, I would have sought that out, I wanted a book on tape reading, and this book does not deliver even 1% of the topic of tape reading. A big disappointment. I am still wondering why the book was called Techniques of Tape Reading, I am amazed.

[ItalianSharp]

Originally Posted by keymoo »

Well, I'm going to buck the trend here and say I was disappointed with this book. As I read through I kept waiting and waiting for the author to talk about tape reading, but he never did! The book starts off with an autobiography of how he started and leads on to various tech analysis setups which can be found in any good trading book and he talks about volume which is great. However, there were NO techniques on reading the tape (time and sales). None. There was not even one single screenshot in the whole book of Time and Sales.

If I wanted a general tech analysis book or a book on price and volume, I would have sought that out, I wanted a book on tape reading, and this book does not deliver even 1% of the topic of tape reading. A big disappointment. I am still wondering why the book was called Techniques of Tape Reading, I am amazed.

I must back you on everything you said. I read this book a few months ago and didn't find it helpful at all as far as Tape Reading is concerned.

[BlowFish]

I was a bit ambivalent towards this one. As others have said I was a little disapointed on the whole. It seems that Vlad is quite discretionary in his aproach, while he points odd reasons why there might be something he 'does not like' in a setup this side of trading is always hard to get across.

I thought as a beginner book it probably would not be enough to get you trading based on 'reading the tape'. A more experienced trader would probably be familiar with most concepts anyways.

Having said all that I still enjoyed the book as I like reading another traders take on things. It also is based on (what I believe) are solid market principles.

[luke24.5]

I like this book a lot. I don't understand the comments about not being about tape reading at all. Whether one uses MP, VSA, Delta, Candles, Patterns or whatever to read the market generated data (the tape), it all boils down to identifying support/resistance points and supply/demand shifts so one can plan his strategy and change on the fly if needed.

Graifer shows how he thinks and what he looks for to initiate a trade and what he looks for to stay in or get out of a trade. I would like to have seen more illustrations on the e-minis rather than stocks but the principles certainly apply. He apparently trades in greater quantities and must worry more about his fills than someone trading a few lots on the eminis. Therefore he must focus on the volume spikes. But whatever it is, it's reading the tape. Price + Volume + Time. What he looks for in those elements is in the book.