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LinkBack (1) | Thread Tools | Search this Thread | Display Modes | Language |
06-28-2007, 11:22 AM
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Tapereading on fat stocks
I ve noticed that all your tape reading strategies are used mainly on thin stocks (I mean stocks where there are not many lots (bout 1-5) on every price level)..but how can we read the tape on stocks where we can find 200-300 lots on every price level (like Q, CDE, MOT etc.)???
Tx! 
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06-28-2007, 03:08 PM
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Re: Tapereading on fat stocks
I think youre mistaking thin stocks with futures. All the tape reading videos show the emini index futures.
__________________
James Lee Email: JamesLee@traderslaborator y.com Skype: james.lee03 TradersLaboratory.com
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06-28-2007, 03:34 PM
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Re: Tapereading on fat stocks
so u mean tapereading of e-mini futeres is different from tapereading of stocks??
maybe i should move this thread to "Stosk trading" chapter of the forum??
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06-28-2007, 05:09 PM
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Re: Tapereading on fat stocks
Tape reading in general is the same. Except with thin stocks, its relatively easily to manipulate so i wouldnt trust the tape. Ill go ahead and move this thread over to the stock forum.
__________________
James Lee Email: JamesLee@traderslaborator y.com Skype: james.lee03 TradersLaboratory.com
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07-05-2007, 12:49 AM
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Re: Tapereading on fat stocks
On stocks I've seen lots of traders put in "dummy" orders which can send a lot of people into a spin in order to help price move even a few cents in their favour. I stopped looking at the Level 2 because of that. On trading halts some one stock I was following worth only 65cents had some bids being placed up over $1.20 before quickly being withdrawn before the commencement of trading again. Lo and behold what happened a lot of noobies rushed in and bought up at these high prices expecting they were onto a miracle stock then price tanked all the way down to 70c all in the space of a couple of hours.
I don't trust tape on stocks at all!
__________________
Nick Constantin Always look on the bright side of life...da da da da da da da da da - Monty Python
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07-05-2007, 04:04 AM
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Re: Tapereading on fat stocks
There is a difference between stocks and eminis: there are no market makers or specialists in eminis. This might the reason eminis tape reading might be more reliable. Another thing is the emini is used as a vehicle for hedging so the motives are different then in stocks.
__________________
"It's against human nature to succeed in the markets"-- Newbie Trader Lounge Last edited by torero; 07-05-2007 at 04:07 AM.
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08-07-2007, 11:45 AM
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Re: Tapereading on fat stocks
Tape reading and looking at the order depth are different. Reading the tape basically means reading WHAT HAS HAPPENED in the past tense sense. I do trust it because it is what he  lps form tactics for the next session or time relevant session.
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LinkBack to this Thread: http://www.traderslaboratory.com/forums/f25/tapereading-on-fat-stocks-1979.html
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| Posted By | For | Type | Date |
| Traders Laboratory - forumdisplay | This thread | Refback | 08-06-2007 04:49 AM |
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