An important tool in the successful trader's arsenal is the ability to read the tape and today I've asked Adam Halpern from IndicatorWarehouse.com to give us some insight into what he sees and how he manages to read the tape. Please enjoy the article, comment below, and check out IndicatorWarehouse.com.
As an experienced trader in the S&P500 going back to the early 90’s, just after the contract was developed, I am constantly watching myself to be sure I am keeping things simple.
When you really stand back and look at the daily S&P500 you have several things that keep reoccurring throughout a trading session. With that being the case, you have to constantly be sure you are not overly complicating the day trading process.