Tape Reading Breakouts by Ken Calhoun
The time & sales window can reveal valuable information about the strength of a trend. Learn more about how trading professionals use it and how you too can use it to your advantage.
If you rely on charts to manage your entries in real time, daytrading momentum stock breakouts can be a challenge. But adding the use of time & sales, also known as “tape reading,” can help you detect important entry signals and reduce the likelihood of entering false breakouts. Reading the order flow in time & sales provides an important advantage you can use when deciding whether or not to enter your next trade ...