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TradingPub Learns Tape Reading!

Site Administrator | August 10, 2011

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Trading Pub Learns Tape Reading!

Geof Smith of DTITrader.com shared with our patrons about how he reads the tape of the market to trade.  One of the key things that Geof mentioned was the fact that it is important to understand the ATR (Average True Range) of the markets and also how they relate to each other.  For example, 1 ES (emini SP futures) is approximately 8.27 YM (mini Dow futures).  Geof also shared the relationship of the overall market to individual stocks and how he watches several different futures markets at a time. If he is long, he wants to be a buyer of the stronger market and if he is short he wants to be a seller of the weaker market.  In the event that the markets are mixed with some going up and some going down, Geof would look to stay out of the market until a better trend develops.

If you would like to see a recording of the Tape Reading Presentation, please check out the Premium Pub Section:  Learn to Trade by Tape Reading .

To register for our next event on Options Trading with Tony Battista from tastytrade, please click the following link: Learn to Trade Options!

Cheers,

The TradingPub

"Trade, Talk, Learn- Cheers to Success!"

 

Disclaimer: Article intended for traders and not English majors. Disregard any misplaced commas.

 

 

 Trading Pub Learns Tape Reading!

Geof Smith of DTITrader.com shared with our patrons about how he reads the tape of the market to trade.  One of the key things that Geof mentioned was the fact that it is important to understand the ATR (Average True Range) of the markets and also how they relate to each other.  For example, 1 ES (emini SP futures) is approximately 8.27 YM (mini Dow futures).  Geof also shared the relationship of the overall market to individual stocks and how he watches several different futures markets at a time. If he is long, he wants to be a buyer of the stronger market and if he is short he wants to be a seller of the weaker market.  In the event that the markets are mixed with some going up and some going down, Geof would look to stay out of the market until a better trend develops.

If you would like to see a recording of the Tape Reading Presentation, please check out the Premium Pub Section:  Learn to Trade by Tape Reading .

To register for our next event on Options Trading with Tony Battista from tastytrade, please click the following link: Learn to Trade Options!

Cheers,

The TradingPub

"Trade, Talk, Learn- Cheers to Success!"

 

Disclaimer: Article intended for traders and not English majors. Disregard any misplaced commas.