Using Level 2 and T&S in day trading

Discussion in 'Technical Analysis' started by VinceField, Oct 31, 2020.

  1. Sprout

    Sprout


    You'll have to calibrate your displays to 'see' the market. If you filter your T&S streams to 1) All 2) >50-100, that'll give additional insight at what levels larger accounts are participating.

    You'll also need the DOM as well as an OTR chart for each instrument.

    The two nuances that are difficult for a beginner to see are changes in pace, especially at re-supply at limit.

    That's one display, the other are your charts with multiple timeframes to generate larger context.
     
    #11     Nov 8, 2020
    VinceField and KCalhoun like this.
  2. As someone up deep six I love your avatar is cool! All I use is LL2 and TS up $56k lask week. 30 years still trading!
     
    #12     Nov 8, 2020
    Gaslight Capital likes this.
  3. Why would guys who have been making six or seven figures have any desire to help you? After your reply to Gaslights kind and useful post he should block or avoid you. You have nothing we need, bringing Zero insights about Trading. Gaslight is a successful longtime player who merits respect. The peanut gallery insulting a pro as usual. Mad Az and Timmy Sykes will teach you for $5000 and lean your political ways too.
     
    #13     Nov 8, 2020
    Gaslight Capital likes this.
  4. you are a drama queen who goes to the bathroom sitting down. wear your skinny jeans, tuck your sack, and worry not about how or what I reply too.

    your parents probably think they got a daughter...
     
    #14     Nov 8, 2020
  5. I blocked him as soon as I saw his reply. There is something wrong with this crop of forum participants landing at ET the last couple of years. We all have out moments, myself included, but there is such a level incivility and entitlement among the newer folks. It is near the point where it isn't worth the time to pass things along in the forum.
     
    #15     Nov 8, 2020
    TrailerParkTed and qlai like this.
  6. #16     Nov 8, 2020
  7. They offer nothing by asking the most lazy questions that could be learned by a great course like Al Brooks but their “Get Rich Quick” generation places no value on hard work. Old proverb I remember “Don’t caste your perils before swine or show what is holy to dogs”! Will block him too yet their slithering back under another name.
     
    #17     Nov 8, 2020
    Gaslight Capital likes this.
  8. ill piss on your face tim...
     
    #18     Nov 8, 2020
  9. I've had people on ET tell me that the Brooks trading course is BS because it is "too long" to be worthwhile. Someone somewhere apparently said something to the effect that a trading plan should be composed of two or three sentences and 25 words or less on the back of an index card.

    The problem is that whoever said it left out the depth and breadth of the knowledge and understanding of price action required to distill such a plan into 25 words or less.
     
    #19     Nov 8, 2020
    TrailerParkTed likes this.
  10. Its like saying “All you need to be a surgeon is a knife, Elmers glue and duct tape”. I was told same about Fabozzis(forgive my spelling if wrong) bond and Larry Macs Options books“were too cumbersome and needed to be succinct”! Best to avoid people like that, they usually blow up quickly.
     
    #20     Nov 8, 2020
    Gaslight Capital likes this.