Looks like, "ticks of a feather, flock together." That the method of this tape reading is to trade what current tick is, green=buy, red=sell.
Instead of going for 50-100 pips, one is trying to exploit a tendency for consecutive colored ticks to occur. So the target is to get three pips then get out.
TheRumpledOne wrote:That's simple, you're trading IN THE MOMENT, not in the past.
If you are driving down a new road and it starts to bend to the right, you automatically steer right.
If it starts to bend to the left, you automatically steer left.
So if you are trading and the price...