Scott Maxie – How To Trade Using Order Flow Analysis with Trading The Tape

Scott Maxie – How To Trade Using Order Flow Analysis with Trading The Tape

Product Description

TradingTheTape was established In 2006, to examine how volume affects market momentum. Volume per bar is not the right term, but volume at price per barrel to determine support and resistance levels in relation to current price action. With this study it became apparent that market knowledge was not enough and that trader discipline was also critical…and elusive. Automated trading strategies were developed that managed and placed trades according to predetermined criteria.-The user can decide the parameters and the user does not need to input any additional information. These trading strategies for program trading are available in Chicago today-Smart phones can access and control the servers. Software development currently focuses on automated order flow analysis, which can be used for trend trading and scalping.

TradingTheTape Scott Maxie

“Order Flow Determines Price Action ~ To See The Future, Watch The Order Flow”

Download now Scott Maxie – How To Trade Using Order Flow Analysis with Trading The Tape

How To trade using Order Flow Analysis (Tape Reading)

What is it? ‘the tape’? Think of a trader in the 1930’s jumping out of a 40 story window trailing a long paper tape behind him and you get the idea. He just read the tape and all his holdings are plummeting on heavy volume…i.e. He is now wiped out by the market momentum that is going down and is not returning. The Tape back in the day was a literal term for a ribbon of tape that spewed out of a glass.-domed ticker machines (hence the name). ‘ticker tape’) with A live market data feed with Tapes displaying the volumes and prices of various market instruments. Ticker tape parades are common in good times. In times of trouble, there would be ‘jumpers’. The ‘tape’ Order flow is also volume at price. What size was traded at what price?

The tape is a metaphor for the Time and Sales window. The same concept of volume at prices, colored according to whether the last trade occurred at the Ask or the Bid. The Problem with Today’s Time and Sales window can be misleading. A rapid sequence of green prints does NOT necessarily indicate that the market is moving up and that one should purchase. Prints could be all at the same price, and they could be the same quality. ‘big money’ The market will continue to fall until it absorbs all the hits from the Ask. All green prints here mean sell.

Forex Trading – Foreign Exchange Course

Are you interested in learning more about Forex?

Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
Most countries however, float their currencies against the currencies of other countries. This keeps them in constant fluctuation.