Difficult, but many used technique

One of the largest hardest state, but used by professional traders and traders of “floor” technique of trading is “reading price” or what is called – “reading the tape.” Extremely effective method by which the trader receives an accurate picture of what is happening in the markets. What makes “tape reading” as analysis of other techniques? This is a purely technical pattern detecting strong movements of a financial instrument on the market within the daily trading. This strategy is stressful and is not suitable for people who can not control his temper. What makes the art of reading the tape as used by professional traders?
Example of “reading the tape” at SP500.
You need not necessarily access to the “market depth” and in particular “level 2” / which is an expensive service / order to receive information for all items that fill the bar prices (hence the name), the trader may, by certain criteria to find Where is the power of the market, cash flows and key levels which dominates the market, buyers or sellers. We could say that reading the tape reveals mainly, which dominates the market / but what is more important than this /. Trader could at any time take positions in both directions, actually this style could be called -vissha form of scalping. This technique also trading is extremely effective for those who want to identify areas of congestion and resold prenakupeni areas. Furthermore, this technique of trading, as mentioned above, is particularly valuable to detect “fake” moves made by large institutions to create a false impression for support and saprotivai.
In conclusion, we can say that “reading the tape” is the main primary trading method that builds a sense, intuition and technique, such as no other style of Trade would not have given you, but “no free lunch” – this style is extremely laborious and mentally exhausting.

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