Quote from Kedwards:
Hey! What's up guys.
First, I wanted to say I appreciate all of your commentary during the day while trading ES. If I get to a level where I can contribute something worthwhile, I'll be glad to post regularly. Obviously, then, I'm an amateur.
Secondly, I'd like to ask if anyone watches time & sales or the orderbook intraday. I'm wondering if this is a beneficial tool for a new guy to trading?
Today there was a strong rally towards the end of the 11 o'clock hour. Looking at time and sales, interestingly there was no defense of 988.50/988.75, the intraday high at the time (11:50-11:51). From there, it was to the moon!
Would you 'always' (though, nothing is certain) consider that a buy signal? No selling defense at HOD?
Thanks.