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Technical analysis is invaluable at enhancing traders performance in todays up-one-minute, down-the-next markets. But surprisingly enough, as hyperspeed personal computers and complicated trading programs lure technical traders with their flash and hype, it is one of the oldest forms of technical analysis--tape reading--that is consistently proving its effectiveness and predictive accuracy in the heat of the trading day.Techniques of Tape Reading shows technical traders how to incorporate the best aspects of tape reading into a modern trading plan. It explores how volume and price are impacted by seemingly random--but in fact quite predictable--aspects of traders behavior, and how traders can use this knowledge in swing trading scenarios to:- Improve entries and exits in up, down, and non-trending markets. - Spot -and follow in- the footsteps of the smart money - Capitalize on emotional, irrational behavior of the trading majority. In any market environment, a select group of knowledgeable traders will drive the behavior of other traders, and influence the ups and downs of the market itself. Discover how to identify the subtle activities of those traders, and capitalize on their abilities to profit from the self-defeating moves of the unskilled and unschooled, in Techniques of Tape Reading. Many traders overwhelm themselves with vast amounts of studies that cloud their perception. We are not concerned with creating certainties in the market, because the market is too random to believe that we can achieve certainty. We are concerned with putting probabilities on our side. Remember that there is no Holy Grail for trading. But there is a window of truth into the market, and our tape reading principles can allow this window to be wide open for your domination of the trading arena. «
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