[jasont]

Thanks for the great advice Db. I can see what you mean about avoiding the chop and only trade the decent sized moves.

[zdo]

Did Wyckoff talk any about the 'auction' dynamics inside chop?

[Yquem]

Hello there, this is my maiden post. Would like to first thank the moderators et. al. for sharing. Found this website when I was trying to look up materials on tape reading.

Would like to ask a question on Wyckoff too - Wyckoff and Livermore are both great masters of the tape. Is it possible to trade "on the tape" in the forex markets?

I'm asking this because I have no exposure to forex at all, and can't trade stocks due to work commitment (I'm not a professional trader). Was thinking about the difference in methodology/strategy between the 2.

Would appreciate any comment. Thanks!

[DbPhoenix]

I don't trade forex, but perhaps nic can help you.

[gassah]

I only trade FX EOD and it doesn't use volume so I don't think it fits the "tape reading" definition. I'm comfortable with EOD and the tic counts but my track record is only a few months old.

[Kiwi]

Yquem,

Never forget that the next timezone's futures markets and stock markets will be available when you get home from work. So in the US you can trade asia (spi, nk, kospi, stw, hsi).

[Yquem]

Hey Kiwi, u're right there.

I'm in Asia though, so will have to trade the US instead.

home market registered only 1.2bn in trading volume yest., so i guess its pretty tame as compared to the US.

thanks DbPheonix. You trade stocks? With Kiwi's suggestion, perhaps will just focus on one thing at a time.

ok gassah. the platform i'm using does not have time and sales data, not even for stocks. thanks for sharing, am pretty new too. =D

[Kiwi]

If you find the US too late (i'm in Aus) then you might also look at europe.

The bund (gbl) and eurostoxx (estx50 a dji equivalent) are nicely behaved futures contracts. The dax is bigger and more volatile.