Tape reading | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Tape Reading, by Linda Bradford Raschke 2 replies

Trading without charts (tape-reading) 36 replies

Just an idea - Inside...A tape-reading 15 replies

Tape Reading Thoughts 1 reply

Trade by Tape Reading 1 reply

Tape reading

  • #1
  • First Post: Jul 19, 2010 12:34pm Jul 19, 2010 12:34pm
Hi Everybody i was wondering ifsomebody could help me out with this what i am looking for is ome kind of indicator or program that alows me to see the bid and ask fot different currencies so a tape reader.

I dont know if such thing exist but if someone has a suggestion i would be thankfull if you can post it.

Thank you verry much.

Ingmar.
  • #2
  • Jul 19, 2010 1:27pm Jul 19, 2010 1:27pm
Quoting ingmarforex
Hi Everybody i was wondering ifsomebody could help me out with this what i am looking for is ome kind of indicator or program that alows me to see the bid and ask fot different currencies so a tape reader.

I dont know if such thing exist but if someone has a suggestion i would be thankfull if you can post it.

Thank you verry much.

Ingmar.

Bids and asks from where ?

From central exchange ? Then you must look for currency futures.

Spot FX doesn`t have a central exchange and thus no official market depth.

There is no indicator that shows bids and asks itself. Broker platform either has this feature or not.

One more thing, if you`re going to use depth from spot fx market then be very careful what to trust.

Always ask this questions: who`s depth is it and why should i consider it important.
  • #3
  • Jul 24, 2010 5:29pm Jul 24, 2010 5:29pm
Quoting lumesh
Bids and asks from where ?

From central exchange ? Then you must look for currency futures.

Spot FX doesn`t have a central exchange and thus no official market depth.

There is no indicator that shows bids and asks itself. Broker platform either has this feature or not.

One more thing, if you`re going to use depth from spot fx market then be very careful what to trust.

Always ask this questions: who`s depth is it and why should i consider it important.
Hi Lumesh,

Maybe you right it is more for the future market tape reading
  • #4
  • Jul 25, 2010 5:26am Jul 25, 2010 5:26am
FX OPen has level 2 software that you can download, but again I would not be able to tell you where the data comes from, Maybe some other people here on FF know.
It never gets easier, you just get better
  • #5
  • Last Post: Jul 25, 2010 1:48pm Jul 25, 2010 1:48pm
Quoting Shabs19
FX OPen has level 2 software that you can download, but again I would not be able to tell you where the data comes from, Maybe some other people here on FF know.

Thank you shabs
0 traders viewing now