[Jleon]

Originally Posted by BlowFish »

As a timing tool it probably can't be beat. I would like to say that the reasons you give above are my chief motivation but it is actually more fundamental. Its simply a skill I would love to become proficient at. (I guess I shouldn't say 'master'). Nowadays I do find it physically difficult (especially on something like the ES) to actually take in the info. Last couple of months I have been watching the FTSE and every now and then pull up the T&S or the DoM and watch for an hour. After bumping the font size I can at least see whats going on its just a question of interpreting it!

Guess I am way to old to go and trade in a prop shop but I guess thats would be the place to really learn.

As an aside I used to use the DoM to enter trades but often found that I would be 'sucked in'. I found it hard not to scalp as your focus gets drawn into the wiggles and jiggles.

It takes about a year to get over being sucked in. After this you can really learn how to manage yourself and trade responsably at the Supply/Demand set ups that you start seeing. Good luck....

Here is a set up for ya to help ya out on this video.

Profitably Scalping with the Tape - YouTube

Profitably Scalping with the Tape - YouTube

Good luck!

[youngamerican]

Watching that video I can see the advantage of using MD Trader as that moving ladder is hard on the eyes. Is your methodology a hybrid of tape and chart?

[Jleon]

Originally Posted by youngamerican »

Watching that video I can see the advantage of using MD Trader as that moving ladder is hard on the eyes. Is your methodology a hybrid of tape and chart?

Very nice, nothing beats the feel of the tape though and it does strain the eyes. I use the tape far more than a chart. A chart just shows me where things are at.