Take the first step and memorize key price levels on your favorite stock charts. Then watch the ticker or LII screen closely when price approaches these critical points. Price action zones trigger both volatility and volume. Observe how the tape reacts and see if you can predict key reversals before the crowd does.
Traders can now access four levels of ticker tape information.
In the past, professionals relied on the manual ticker, an early version of the scrolling CNBC display. As processing power grew, vendors added historical time and sales grids that featured all trading activity in a spreadsheet format. Always look outside the tape flow before execution. They will routinely manipulate trader emotions against the order flow to shake them out of their positions. Market players keep one eye on their markets and the other on external conditions that affect prices.