|Reading the Tape|
Jesse Livermore read the tape and never fought it.
Of course there is always a reason for fluctuations, but the tape does not concern itself with the why or wherefore. It doesn’t go into explanations. I didn’t ask the tape why when I was fourteen, and I don’t ask it today at forty…, Reminiscences of a Stock Operator.
While the tape, often triggered by price in reaction or anticipation of the new flow, is triggered by price, it's fueled by force. Volume is the domain of force. Traders/investors must learn to read the force behind the trend.
Price and Volume Matrix
LTCO and LTREVO define an extremely profitable impulse since June 2015 (chart 1). Compression, a sharp decline in +BW, likely precedes a transition to down impulse. These trends are monitored weekly in Trading Notes.
Price and Leverage Matrix
Cryptocurrency do not trade on the futures market yet.
Market-driven money flow, trend, and intermarket analysis is provided by an Insights key.