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Archive for July 23rd, 2010

Jul
23

Friday Notes – Reading the Tape

Posted by: Don Miller | Comments Comments Off

During last year’s Boston Bamboo Trader picnic in my backyard, one of my students from the early 2000′s told me he still hears my voice echoing in his brain during certain market patterns.

And while I’m not sure that’s a good thing (!), I appreciated the comment and understood what he meant since I tend to be a bit of a drill sergeant in terms of getting traders to learn how to read the tape.  As I’ve told the incoming September Jellies, they’re going to be soooooo sick of my voice by the end of the 4 weeks!

Such was the focus of this morning’s transcript.

And in terms of responding to a few emails asking why I’ve been able to anticipate irrelevant wiggles or probes in many of the recent transcripts, it’s called trading a single market, and living, breathing, and sleeping it minute by minute, hour by hour, and day by day.

Anything less and you’re apt to be dancing with the wrong partner … and with two left feet.

Categories : Tank Transcripts
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