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Hey Brian,
The term tape reading comes from the olden days when stock
transactions were printed on a ticker tape and traders would watch the
tape and and make trades based on what they saw.
Today there are 3 things that are comparable to tape reading:
Time and Sales reading is probably the closest.
There is reading the DOM (Depth Of Market, also called the order book)
and chart reading (also called Price Action).
Volume Spread Analysis that the OP mentioned is a form of chart
reading that incorporates volume.
Bill
--- In amibroker@xxxxxxxxxxxxxxx, "brian_z111" <brian_z111@xxx> wrote:
>
> Hello Sidhartha,
>
> > learn everything you can
> > about the old tape reading skills
>
> I've seen the term used in books.
> How does it relate to trading now?
> Whats the technique?
>
> brian_z
>
> --- In amibroker@xxxxxxxxxxxxxxx, "sidhartha70" <sidhartha70@>
> wrote:
> >
> > Louis,
> >
> > Here's my tip... worth it's weight in gold. I've been doing this
> for a
> > long time...
> >
> > Stop looking for the holy grail system... learn everything you can
> > about trendlines, support & resistance and the old tape reading
> skills
> > and you will be miles ahead of 'system developers' in terms of
> > actually understanding the markets and becoming a better trader.
> >
> > Too many people spend far too much time trying to develop a 'system'
> > rather than becoming a better trader.
> >
> > --- In amibroker@xxxxxxxxxxxxxxx, "Louis P." <rockprog80@> wrote:
> > >
> > > Hi,
> > >
> > > I was only wondering... Anyone actually making money or making a
> living
> > > with AB and trading?
> > >
> > > I've been working on ideas and plans for over 7 months now and
> > didn't find
> > > anything convincing yet. I've been searching daily data, then
> hourly,
> > > 15-minute and now I am into 1-minute data and nothing seems
> satisfying.
> > > Been searching RSI, MFI, ADX, MA, HHV, LLV... nothing seems to
> work.
> > >
> > > So... Anyone is making consistent money with this, and if so, at
> which
> > > timeframe and how do you do it?
> > >
> > > I'm beginning to think about switching to tick database; it seems
> even
> > > 1-minute is too slow for intraday trading. Anyone making money
> with
> > > 1-minute?
> > >
> > > Thanks,
> > >
> > > Louis
> > >
> >
>
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