expand it out so u can see the S&R levels..then u will get used to looking at T&S in conjunction with charts excel has its limitations..but it can do a lot with data..like everything else it takes time at it to learn what it can do
Spread increases near s/r - no buyers/sellers taking the price. I will have to line up the volume on the TS to see further into it according to that chart. - Not knowing much about the chart above, my guess is that the next move is DOWN on the chart.
it always helps to have ur chart lines drawn in..then u can use T&S to assist u with entries and exits i like these charts above all else..they are so simple
Dear TO, I am not trading now. Started trading w/o learning...Now I start to learn....and also trying to find out what should I trade. T&S, are you referring to Time & Sale?? Sorry for my newbie questions. I do follow T&S when I trade......when it should there are more sellers.....my question is who are the buyers?? vice versa for when there are more buyers..... I do not have any training or attended any course ..also I do not know TA, so please pardon me if sometimes my question seems stupid.... Actually I am very confused when I see others using trading lingos....should I learn TA??? Or I can just use my eyes......as you taught.... I must say the eyes method is working.... next I got to work on my risk control....as I have a bad habit of betting big.....sometimes i feel so stupid that Loss never occur until it happens.... When I console myself I am still learning...if you guys took so many years....I hope to piggy back onto your mistakes and shorten my learning curve. anyways, Big Thank you TO.
Know any good sources to learn how to use time & sales from? I've had it up before during the day, but it's meaningless when you don't know what you're looking for. I'll pay attn to the levels tomorrow & see if I notice anything. Is it best to put a size filter on it? Has anyone found time & sales to be beneficial when daytrading?
Dear TO, q1) to make $$$, can we stay on one side ??? Just long or just short... q2) what do you think of CFD?? I am skeptic about MM CFD....does seem right to play with the house...who knows if they can even see your card??? q3) futures or stocks... i think futures is more volatile....but it have its pros to.... for stock, the wrong hit, they will go died for a long time... in short future, you get killed more frequent.....stock...might get killed forever.... Please help me correct my thoughts if you think it is incorrect. Thanks.
We had FX experts on this thread???? where?? So you mind explaining what is it the chart and T&S shows that's of use? as i don't quite understand it (being a thick Fx trader). Aside from the fact that large orders have moved the market at certain levels, what effect did that have on the medium (in scalping )term? Say the next 10-15 pip movement? ... and of course the square #'s, 50 in that case
Hi, being in a country where CFD's are widely traded and having had personal experience with some of those notorious MM's i can only say to you: be very careful Unless they have changed their ways in the last few years, which i doubt. Direct market access brokers are an exception i think.
I wasn't copying TE as he never elaborated on the gap secret or what it could be used for. But he suggested gaps have a 'property' and being curious I did my own investigation and came to a conclusion, so I think that was useful in itself. BTW I very rarely trade at the open due to the fact that I am usually at work.