Sunday, March 3, 2013

Examples Of Sceeto Tape reading In the New High Frequency Trading Domina...

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Examples Of Sceeto Tape reading In the New High Frequency Trading Dominated Markets on the 28th of Febuary 2013 in the S&P 500 Emini Futures. Sceeto monitors all the order flow and hft across the equities and futures markets and alerts you right in your charts live when there is buying and selling order flow pressure instantly. We cover many markets including Crude Oil futures, Dow Ym ,Russell TF, Gold, Forex and more. You can get sceeto for Ninjatrader, TradeStation, Multicharts and Sierra charts . If you want to learn how to trade better on these platforms check out our example videos and also why not try our free trial

taxt courtesy of wikipedia Creative Commons Licence

Ticker tape readingSee the main article: Ticker tape

In recent decades with the popularity of PCs and later the internet, and through them, the electronic trading, the chart analysis became the main and most popular branch of technical analysis. But it is not the only one branch of this type of analysis.

One very popular form of technical analysis until the mid-1960s was the "tape reading". It was consisted in reading the market informations as price, volume, orders size, speed, conditions, bids for buying and selling, etc.; printed in a paper strip which ran through a machine called a stock ticker. It was sent to the brokerage houses and to the homes and offices of most active speculators. Such a system fell into disuse with the advent in the late 60's, of the electronic panels.

[edit] Quotation boardAnother form of technical analysis used so far was via interpretation of stock market data contained in quotation boards, that in the times before electronic screens, were huge chalkboards located into the stock exchanges, with data of the main financial assets listed on exchanges for analysis of their movements.[67] It was manually updated with chalk, with the updates regarding some of these data being transmitted to environments outside of exchanges (such as brokerage houses, bucket shops, etc.) via the aforementioned tape, telegraph, telephone and later telex.[68]

This analysis tool was used both, on the spot, mainly by market professionals for day trading and scalping, as well as by general public through the printed versions in newspapers showing the data of the negotiations of the previous day, for swing and position trades.[69]

Despite to continue appearing in print in newspapers, as well as computerized versions in some websites, analysis via quotation board is another form of technical analysis that has fallen into disuse by the majority.