Ahead of the charts trading Tape Reading and how to use it for trading Written By: Richard Lepis Founder and CEO

Tape Reading Tape Reading This is the art of reading the executed supply and demand of a stock to determine the direction of its future movement

Tape Reading Prints The term used for each individual execution that shows up on time and sales

**Remember, you can use time to help see them!** Tape Reading Pulses Time and Sales moves in “pulses.” These are the bursts that we see as trades are being executed **Remember, you can use time to help see them!**

Why are pulses Important? Tape Reading Why are pulses Important? Pulses help us determine to a certain extent how many shares are involved in any one persons execution

Tape Reading Why is it so important to know how many shares are involved in a single persons execution?

ATC Tape Reading Methodology A minimum of 4 prints between 1000-10,000 shares

ATC Tape Reading Methodology Will 4 prints always be enough? NO

ATC Tape Reading Methodology The HIGHER the volume a stock is trading the MORE prints you will need

ATC Tape Reading Methodology The LOWER the volume a stock is trading the LESS prints you will need

ATC Tape Reading Methodology A trader can only buy or sell the amount of shares someone is willing to sell or buy from them. Smart money is a relative term based on what is available at that time.

ATC Tape Reading Methodology Follow Through

ATC Tape Reading Methodology What is Follow Through? These are the retail traders that follow the large traders into a position above or below a level

ATC Tape Reading Methodology Why is follow through so important?

ATC Tape Reading Methodology How far after we see smart money enter should we see follow through come in?

ATC Tape Reading Methodology Step 1 Anticipate when follow there is a high % possibility of follow through happening

ATC Tape Reading Methodology Step 2 Anticipate when there is a high % possibility of volume happening *Volume Spike*

ATC Tape Reading Methodology Step 3 Try and enter stock in the middle of the follow through. **By waiting until the end there is a high probability of missing the trade**

ATC Tape Reading Methodology 4 you 4 Method for entering on follow through