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Tape Reading Tactics How to improve your entries and exits.

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Old 06-09-2008, 08:09 AM
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Ken Ken is offline
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Hi - that's correct re I use time & sales, my tape reading tactics, not LII. And for all stocks, I teach how to set triggers both long and short, in-directional and "fade" entries, to capture volatile moves regardless of market direction or stock trend. The key is to spot volatile stocks that are moving (eg AAPL, RIMM, VLO etc) on the days that they're moving, and set entries that capture a part of the move -- never to forecast price direction -- we React to what the stock price is doing, not predict.

-k
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Old 08-02-2008, 12:57 PM
Mike Mike is offline
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Hi Ken, I use 2 T&S screens for the same stock. One regular and one filtered to show only trades of 400 and over. In fast moving stocks I find it helps me keep track of the momentum of blocks around breakouts. I just need to be able to see it from the corner of my eye to judge the velocity and weight of trading. If i have been looking at/trading another stock and after notice this stock is making a move, it's also good for rewinding back fast to look at the block trading at previous support/resistance without trailing though millions of 100 block sizes to see them. Mike
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Old 08-08-2008, 09:40 AM
yhawhann yhawhann is offline
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Hi Ken, I remember reading somewhere on this site that you'll often observe the tape of a particular ticker (like AAPL), sometimes for as long as 20 mins, then checking the trinq, mkt conditions, etc before entering.

Would you mind sharing what you're looking out for? Seems easy looking at how you do it in the jumpstart video, but it's actually quite challenging...or maybe I've missed out something.
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