was already green, only toggles if a weak bar appears
if you set seeall = true, you can see all the Strongs/Weaks
if you set seeall = true, you can see all the Strongs/Weaks
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
AHG - Profitable Strategy for Struggling Traders
- Thread starter Anekdoten
- Start date
- Status
- Not open for further replies.
Quote from tylerdurden:
ALright, I've been looking, but I'm not seeing it. Why is what you highlighted significant when reading the tape?
I see support at 2037.. but am not getting the red highlight?
I think he's highlighting where orders are "below bid" or "above ask." So far today I've seen 0 predictive power to these conditions, if anything there's been a negative correlation. I'll see a string of "above asks" followed by a brisk take-down. Or a hodge-podge of "above asks" with "below bids" mixed in. If there's a way to cherry pick the meaningful signals out there's gotta be some other filter to use, I'm in the dark there.
Quote from verbotenlaandia:
I think he's highlighting where orders are "below bid" or "above ask." So far today I've seen 0 predictive power to these conditions, if anything there's been a negative correlation. I'll see a string of "above asks" followed by a brisk take-down. Or a hodge-podge of "above asks" with "below bids" mixed in. If there's a way to cherry pick the meaningful signals out there's gotta be some other filter to use, I'm in the dark there.
You must watch the tape at critical points not just when a sporadic below bid or above ask shows up.
Tape reading takes a while, said this from the beginning, don't expect to "get" it in two trading days.
Anek
Quote from JtraderK8:
Anek,
To a new trader learning to read the tape (times & sales), you would only recommend to start looking at "below bid" and "above ask" at critical points in the market like close to a trendline break, magic tick, patterns, etc. Is this about right?
thanks
J
Yes, also keep in mind the cumulative numbers between them.
Anek
Quote from Anekdoten:
Yes, also keep in mind the cumulative numbers between them.
Anek
Does IB have time and sales.?
I look time and sales on QT.
Sometimes both the boxes (bid/ask) are red, sometimes both are green , sometime one red and one green and sometime one white and other red/green
There are no cumulative numbers.
Somebody who is familiar with QT time and sales ,please comment. Thanks
- Status
- Not open for further replies.