Guys, like the moderator said, just IGNORE em. They can't ruin this thread if u don't empower them with responses... using the complain button helps too i
Anek, Regarding time/sales and tape reading, I'm using TS, so I filter out any trades below say 50 contracts. You mentioned looking at trades filled at market, but not sure what you mean or rather how I can tell if they are filled at market. I guess if the price is trending up and the orders I see are usually at the ask, or even above ask, then the trend has a high probability of going higher. If price is trending higher, but then pulls back a point or two without any, or few, orders being shown (filtering out the 50 or below size), then the trend will probably continue up....is that the logic?
B, Highly the following situations: Above Ask Below Bid Watch it next week and please tell me your findings. Anek
Regarding tape reading, can anybody recommend a good book? Anek, If you could, recommend a book or briefly go over a strategy, feel free to pm me if you think your post would confuuse someone. THnx
Mad, The only one I read was Tape Reading and Market Tactics by Wyckof It was ok, nothing out of the ordinary. Like I said, tape reading is hard to teach, is like riding a bike, you don't read a book, you just do it until it works. Anek
hahahahah he might love AHG ,but from what i read so far, i don't think he is in good terms with the "A" part LOL I've said this in the past, but just in case you didn't catch i'll say it again; thnx for a constructive thread man, and thnx for taking the initiative to help this community of traders, and i really appreciate this thread as it got me back on track.
It's no problem, think the journal forces me to increase my market studies, and continue polishing my skills . Sometimes I go back to my own words and find the answers to current questions with my own words written in the past, it's crazy stuff. Anek
thnx, i completely understand your point and i also agree ( i was hoping i was wrong). i've traded based on T&S before, nobody told me where to start but i just kind of looked at it and tried to figure out where momentum was headed. I also used LevelII before, a little useful but not much, i don't think i spent enough time exploring it. What do think?
Forget Level II Level III and Level IV Unless a trade happened the information can be deceiving. Anek