0 Flares Twitter 0 Facebook 0 Google+ 0 0 Flares Reading the tape is one of the essential indicators when active trading. Many traders know about the hundreds of readily available on most trading platforms, but very few have an idea of how to read and interpret the tape. Interpret is really the best way of describing how you need to approach your relationship with the time and sales window. Unlike other indicactors which have oversold or overbought levels, reading the tape is specific to each situation. This goes beyond how a stock trades, but how a stock is trading on a given day and at a given price level (e.g.

10, 25, 100). Free Download Guitar Pro 5 Full Version Indowebster. In this article we will cover the basics of the time and sales window and tape reading (speed of the tape, size of orders, etc.). The tape is most important when validating breakouts and supply versus demand at critical price points. Once you have given this a thorough read, I highly advise you review the following related articles: (1), (2), and (3). In each of the aforementioned articles, you will see how the tape provides validation to the price action, which will prevent the dreaded scenario we've all faced of being caught in the '. Face Off Max 3 4 9 8. Lastly, regarding tape reading, it truly requires the 'gift of touch'.