Tape Reading with the Speed of Tape Indicator
Here is my live trading setups examples.
The speed of tape itself doesn’t give a trader a lot of useful information.
Advantage emerges when a trader pays attention to the tape speed near significant levels and takes into account changes of the volume.
In other words, Speed of Tape is not an automatic indicator, it requires understanding of and application in the market context.
Do you use the indicator in your trading?
