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Techniques of Tape Reading,9780071414906

Techniques of Tape Reading

by ;
Edition: 1st
Format: Hardcover
Pub. Date: 9/9/2003
Publisher(s): McGraw-Hill Education
Availability: This title is currently not available.


How to use trading's most time-honored technique to reap profits in today's fastmoving, point-and-click markets Tape reading is among the oldest and most successful methods of technical analysis. Techniques of Tape Reading shows traders how to incorporate the best aspects of tape reading into a modern trading plan, by understanding the correlation between volume and price and simply trading off what a stock's price movement is telling them to do. A practical, how-to guide for using tape reading to improve trading decisions in today's screen trading environment, Techniques of Tape Reading discusses: Profitable use of tape reading in both swing and day trading How the best traders condition their minds and mind-sets Tape reading techniques for up, down, and nontrending markets

Author Biography

Vadym Graifer is a full time professional stock trader, teacher, and author of the online book Job-Daytrader. Graifer is the cofounder and president of, an online educational forum on trading principles, methods, and techniques.

Chris Schumacher is the cofounder and CEO of Schumacher writes a daily column on's Real Money website, is a featured speaker at trading expos, has been a guest lecturer at The Ohio State University, and is the coauthor of Trading on Momentum.

Table of Contents

Acknowledgmentsp. ix
Introductionp. xi
A Trader's Journeyp. 1
The Beginner: Everyone Starts at the Beginningp. 3
Learning to Walk All Over Againp. 4
A Positive Outcome Can Reinforce a Bad Habitp. 5
Risk Management--Don't Leave Home without Itp. 8
Don't Blame the Guy behind the Curtain--You Chose This Jobp. 9
The Famous Bre-X Scandalp. 11
Listen to the Tape; It Is Never Wrongp. 12
Turnaround: Small and Safep. 15
Opening a Third Eyep. 16
Confidence Grows from Experiencep. 20
The Territory and the Mapp. 24
Coming around the Mountainp. 27
The First Profitable Year: Charting Successp. 29
Using a Trading Journalp. 30
Using Your Chart of Your Accountp. 33
Imaginary Friends Are Important People Toop. 36
Learning to Trade for a Livingp. 37
Learn or You Are Bankruptp. 38
Keying In on Those around Mep. 39
Not Everyone Gets an A for Effortp. 40
You Decide Your Fate; the Market Doesn'tp. 42
Additional Important Beliefsp. 43
Trading Is Not a Need-to-Know Businessp. 44
Making the Odds Evenp. 45
Making the Probabilities Work for Youp. 46
Taking Stock of It Allp. 47
The Trader's Circle: Bridging the Gap between Art and Sciencep. 49
Strengthen the Mind as Well as the Systemp. 51
Finding Out More about Myselfp. 52
Getting through the Stagesp. 53
The Final Stagep. 53
Completing the Circlep. 55
Discovering the Satisfaction of Teachingp. 57
Reveling in the Triumph of Another Traderp. 59
Rediscovering the Circlep. 60
A Trader's Edgep. 63
Pros Assess Risk; Amateurs Assess Potentialp. 64
You Don't Have to Be in the Middle of Every Battlep. 65
The Dichotomy of the Guiltyp. 67
Finding the Elusive Edgep. 72
A Trader's Intuition: The Real Art of Tradingp. 75
What Is Intuition?p. 75
Be Careful of Intuitive Trapsp. 76
Trading Mantrasp. 77
Rules for and the Mindset of a Mature Trader: The Dos and Don'ts of Tradingp. 83
Trading Systemp. 87
Tape Reading: Revitalization of a Lost Artp. 89
One Size Doesn't Fit Allp. 89
Discovering What Tape Reading Really Isp. 91
Are You the Majority or the Minority?p. 93
Market Ironyp. 94
The Accumulation/Distribution Relationshipp. 95
The Role of Setupsp. 107
Different Methods of Entryp. 109
Stop-Loss Placement and Trailingp. 115
Revisiting Risk Managementp. 116
Confidence Levelsp. 121
Trading Setupsp. 123
Jump-Base--Explosion (JBE) Setupp. 124
Drop-Base--Implosion (DBI) Setupp. 124
Open-High--and Open-Low--Break Setupsp. 130
Cup-and-Handle Setupp. 130
Capitulationp. 130
Trader's Actionp. 135
Trading Market Ranges and Miscellaneous Pointsp. 137
Trading Rangesp. 137
Miscellaneous Pointsp. 142
Practical Examplesp. 145
Accumulation and Distributionp. 146
Entry on Pullbackp. 151
Jump-Base--Explosion (JBE) Setupp. 154
Capitulationp. 158
Capitulationp. 162
Drop-Base--Implosion (DBI) Setupp. 167
Capitulation and Euphoriap. 171
Finding Entries in a Strong Trendp. 176
Open-Break Setupp. 180
Open-Break Setupp. 183
Open-Low--Break Setupp. 186
Trading within the Rangep. 189
Drop-Base--Implosion (DBI) Setupp. 193
Stop Lossp. 196
Drop-Base--Implosion (DBI) Setupp. 198
Jump-Base--Explosion (JBE) Setupp. 201
Jump-Base--Explosion (JBE) Setupp. 204
Drop-Base--Implosion (DBI) Setupp. 206
Trend Continuationp. 209
Open-Low Break and Reversalp. 211
Drop-Base--Implosion (DBI) Setupp. 214
Trailing Stops and Confidence Levelsp. 217
Jump-Base--Explosion (JBE) Setupp. 221
Cup-and-Handle Breakoutp. 223
Capitulationp. 226
Open-Low--Break Setupp. 229
Fading Breakoutp. 232
Short of the Range Resistancep. 234
Open-Low--Break Setupp. 237
Open-Low--Break Setupp. 239
Drop-Base--Implosion (DBI) Setupp. 241
Cup-and-Handle Setupp. 244
Cup-and-Handle Setupp. 246
Glossaryp. 249
Indexp. 251
Table of Contents provided by Ingram. All Rights Reserved.

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