Q&A | JUN 2008
Q&A by Don Bright
Q&A by Don Bright TAPE READING ON THE INTERNET? I am a Chinese student who graduated from university four months ago. Now I have a daytrading job. I concentrate on the NYSE stock market and my trading style is scalping. So tape reading is very important for me. But I find it’s hard to get this type of article from the Internet. I hope you can help me and send me some information to improve my tapereading skills (Level II and time & sales reading is the best, because I can’t read the chart), or tell me how to find this sort of information. Thank you. — lacan Okay, we teach “all-encompassing” tape reading. This includes keeping a PREM/DISC to fair value tick chart, real time, for the emini futures. Basic market mechanics dictate that when you see futures trading at a premium to the current- day fair value, the floor traders and other institutional trading groups will be selling that premium and hedging off by buying baskets of stocks, or even all 500 underlying equities.
by Don Bright
Technical Analysis of STOCKS & COMMODITIES
The Traders’ Magazine since 1982
has had over 1,226,237 subscribers from 174 different countries.
37,000 Page Traders’ Archive for $89.99
To continue reading, sign-up for trial access to Traders.com and the S&C Archive — 37,000 pages of trading ideas!
After verifying your email address, you will have limited access to the S&C Archive, as well as access to a Digital Edition of S&C, and access to Traders.com Advantage and Working Money for 30 days.
Not a subscriber to Technical Analysis of
STOCKS & COMMODITIES magazine?
Click
here to subscribe, or request
a trial subscription.
Log-in now to view articles from the S&C Archive.
Your Subscriber ID is located at the top of your magazine label, highlighted here in red.
Your last name can be found on the second line, highlighted here in blue.
*If you have a company name on the label, that can also be used. It will appear below your name on the label.
If you do not have a Subscriber ID on your label, you can find it on your statement or renewal form.
For help locating your Subscriber ID number, please call us at 1-800-832-4642 or send an email to Survey@Traders.com. If sending an email, please include your name and mailing address.