I wonder if there is any study or research on how much percentage of orders are hidden or reported late that reduces the accuracy of the Level-2 info. I would be curious to know.
i call it velocity the speed at which the ticker is currently and acceleration the speed at which it's increasing or decreasing from the velocity. i put math to it, as a way to quantify the feel that we have - which comes no other way but experience. i think you would agree.
Yes there is, it's burried in the linked pdf. It was around 30% 2021, estimated to be closer to 40% now. That's trades alone. Most quotes and their modifies happen off-exchange, in fact a vast majority. https://www.google.com/url?sa=t&sou...AQFnoECAkQBg&usg=AOvVaw3pCSMM-QhhsdZuPqtCUHvI
Exactly ... look for it to speed up, like a car going 40mph suddenly goes 60+ mph for price action breakout.
that's is literally just the data at the beginning of the triangle.You could just draw a triangle and know exactly what price is going to do until reaching the apex. ie 11.88, 11.23, 11.75, 11.50, 11.70, 11.55
You look for a large flash drop (QQQ, SPY) around :00, :15, :30, :45 and buy it for the V. That is the best "tape reading" you will find. The tape will tell you that no down move, especially those rapid intraday candles are sustainable. It all is forced to V.
And you're saying in another thread TIME has nothing to do with pricing. Are you "lazy", or just schizophrenic and like wasting people's time? Velocity: Rate of change of the position of an object as a function of TIME, and the direction of that change.
wrong time is a false introduced poison pill to data and math applied on it . velocity and acceleration do not depend on time, they depend on data alone. if you intraject time you have just tainted the outcome and the ignorance of this prominent.