Scalping The Tape

Scalping using the time and sales is sometimes referred to as tape reading. Tape reading is one of the oldest methods of market movement interpretation. Like any other methods applied by market players, it's intended to show "what's behind the ticker". There is no tape itself anymore. It has been replaced by a scrolling Times and Sales window and the OrderBook. But the term, and more importantly, the principles are alive and are as useful as ever based on aspects that never change: Human Psychology and Supply/Demand rules.