Volume Price Analysis: Tape Reading
What you'll learn
- In this course students will learn how to tape read or analyse level one volume.
- Students we also learn how to trade in the absence of a chart using exclusively volume and price.
- Some trading knowledge
- Some knowledge on Market profile but not essential
It is no surprise that larger traders and professionals are obsessed with volume, order flow and all aspects of demand and supply. This is with good reason. Volume is breadth of a market without it, there is no market. This is the reason why base elements like Niobium don't have a futures market, there just isn't enough liquidity. No matter how far we go back in time the best traders are the ones who understand volume and the tape, some will choose to share this with you, some will choose not to but it is not difficult to tune into your favourite Trader YouTuber and see a DOM or a Volume profile or some other volume based tool shouting from the rooftops how he conquered the market maker....
So while we know no form of analysis will yield a 100% win rate but as budding money managers, this course is aiming to give you the foundation you need to enter into only high probability trades that will eventually give you the edge you need to successfully mange risk on your trades.
You will learn -
How to access raw level 1 tick data.
How to properly store and analyse that data.
You will learn the Art of Tape reading and how to manage risk.
And much more...
Don't forget we have a Discord sever so don't forget to join for extra support and Q and A. Details in the course. This will be an exciting journey. Enjoy!
Who this course is for:
Former Commodity trader. Currently Proprietary Trader and Asset manager at the Traders Club. I spent 4 years working professionally with an asset management firm in Switzerland dealing in a wide array of assets from physical and paper. I have spent a further 8 years as a private trader and investor.