Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Soultrader

[Tape Reading Video: Big Guys vs Little Guys]

Recommended Posts

This link was given out today during a CBOT webinar by Hubert Senters:

 

Tape Reading video by Hubert

 

 

Wow. That was very nice. So this what your typical small trader is up against, huh? You better believe that the noise level did not jump because RSI moved above 80, or because two moving averages crossed. The market truly is an auction.

 

Auction Market Theory, Market Profile/Pivot Profile/Tape Reading/VSA these are the areas where the little guy can get his edge. Thanks.

Share this post


Link to post
Share on other sites

I went over Huberts video again. I found one thing particularily interesting that I never thought of. Hubert mentions the base off the tape. He is referring to the buy/selling interest at a certain price level. In the video we saw a buying base formed... shown by a nice line of tape at a single price level. Once this base was broken, price fell right through.

 

Very interesting in my opinion.

Share this post


Link to post
Share on other sites

Hubert is referring to token as the bracket high or low. Its similar to the method I use when I try to bracket the tape looking for short term resistance and support. Once the support is broken, you dont want the tape to show prints above it, etc..

Share this post


Link to post
Share on other sites

in hub's video, if there is up movement, say 12519, 19, 19, 20, 20,20, 20, 21 ,21 ,21 ,21 ,22, 22, 22, 23 ,23 ,23 ,23 ,24, 23,21, 21,20 ,20, 19, then move low. in there 24 is the token prints. when hub see the token print, he usually will think the prices will go to oppsite direction.

Share this post


Link to post
Share on other sites

Well - call me the doubting Thomas - but I think the background noise had a role to play in his tape reading skill/ability.

 

Too bad that service costs $150 p.m. Is anything cheap these days :( ?

 

Google where art thou - I wouldn't mind the adds if I got the service free :)

Share this post


Link to post
Share on other sites

never mind, I got it to work now, format the T&S window, duh!

 

I´m going to set it up just like yours, one window under 10 lots and one ove 10 lots and see how it goes. I´ll record it again today but I´ll divide them into 30 minute segment so it´ll be easier to upload and view.

Share this post


Link to post
Share on other sites

Hubert seems to be happy to follow the little guys whereas Soultrader is waiting for the big guys (just comparing the two videos on this thread). If it's a choice between following a bunch of 1 lot traders and following Goldman, I know who I'll follow.

 

I've learned so much from your videos, thanks a lot Soultrader.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.