Techniques of Tape Reading

How Time-Proven Tape Reading Techniques Can Help You Dramatically Improve Your Trading PerformanceTechnical analysis is invaluable at enhancing traders' performance in today's 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 Readingshows 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 majorityIn 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, inTechniques 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."--Techniques of Tape ReadingBefore the Internet, onscreen trading, or even television screens, traders followed markets by watching actual trades emerge from ticker tape machines. These tapes revealed where the market had been and which direction it was moving, and allowed traders who understood market movements to concentrate on the realities of the markets, discern their own patterns, and increase their opportunities for winning trades.Techniques of Tape Readingbreaks through all of today's hype, rumors, and disinformation to concentrate on similar techniques for trading the reality of the markets. But where yesterday's tape readers could make decisions based only on static stock movements, this proactive book reveals how modern traders can integrate time-honored tape-reading techniques with modern technologies and techniques to: Determine how the smart money is trading, and follow their lead to profit from "the herd" Employ advanced yet easy-to-implement timing strategies to select more profitable entry and exit points Know when a price movement has been exhausted--and your position should be liquidated Make trading more orderly and profitable by selling partial positions into price/volume spikes Build and play more accurate and profitable set-upsIn a typical market, the majority of traders are generally wrong. They consistently ignore what the market is telling them, relying instead on market rumors, forum gossip, and hot tips. They trade what theythinkinstead of what theysee--and, most of the time, what they think is guided by all kinds of stock promoters who are only interested in taking their money.Techniques of Tape Readingshows you a more intelligent way. It reveals a step-by-step process for moving into an unemotional state of trading reality, acting on the ultimate truth of stock movement, price, and volume instead of destructiveGraifer, Vadym is the author of 'Techniques of Tape Reading', published 2003 under ISBN 9780071414906 and ISBN 0071414908.