I have discussed with Steve of the "From the Trading Desk" thread the possability of developing my discussion on tape reading into a more formal discussion, with his support. We decided a seperate thread was in order to be called "From the Trading Desk, Tape Reading Edition". So in the near future, I will be opening this thread up. I will wait a bit until I am better perpared, but it will happen soon. I would appreciate all of you here to take a peek at this thread and feel free to contribute, even though it may be just asking questions on the material presented. I will work to have other knowledgable traders there to help answer your questions.
For those of your who want to more closely follow along with the material presented and help contribute to the thread, I would suggest reading two books that I have mentioned here before. One book, which is the text that I am using for the new thread, is called "Tape Reading & Market Tactics" by Humphrey Neill. The other book that can supplement this book is called: "West of Wallstreet" by George Angell and Barry Haigh. This places what will be discussed and other issues into the prespective of a floor trader, which is a person that I think all of us can learn from. Both books are available at Traders Press on the web.
I do want to work this new thread into part of what we do here in the Stock Attack thread. I will be talking to Chris about this possability. This effort may provide the first topic covered in my newsletter idea, a topic that on this other thread will be covered extensively. I still want to see discussions on this topic occur here. Perhaps we can relate what is learned to the stocks that we talk about on this thread, and take detours that still relate to this subject in some way. For instance, we can cover in more detail the use of the tape in a trader setting and discuss some of the decisions made by the trader, along with other indicators a trader would look at, such as the bond market and the quotes on IBM. Just a few ideas of mine. In this way for this thread we can relate the tape reading to trading and investment practices which can benefit everyone here on the Stock Attack thread. Meanwhile, I will develop further ideas for my newsletter idea and pass them by all of you here.
What do you think?
Bob Graham |
