Name Product: Jose Casanova- Tape Reading: Learn how to read the tape for day trading
Market price: $300
Author: Jose Casanova
Size: 1 GB
They simply understand how to read the tape. There is no secret sauce, but rather a technique that has been around since the market was founded. It is not a “secret sauce” or master powerful trading system, but just the basic understanding of how to read the time and sales.
So, what is tape reading and how is it going to make me money?
Tape reading is the art of studying pure and magnified price action real time based on the Level II box. Using the tape you are able to gauge players psychology and imbalances in supply and demand. Reading the tape is a leading indicator, not like charts and indicators where they are based on past data. Tape reading is an important skill to master as an intraday trader because it allows you to see real time where there is buying and selling going on at level. This is also a very important skill because it will improve you efficiency, risk/reward ratio, and it will allow you to catch larger moves all while allowing you to take on the least amount of risk possible.
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