Is watching Time and Sales useful at all?

[Buy1Sell2]

But1Sell2- any person in this business can't be successful and think in such absolutes especially about charts in finance. I know you're new

New? Errr hehe.

 

[bigsnack]

what dom do you use?

Infinity and Ninja. The detail on ninja is lacking severely but I’ve acclimated to it.

 

[ET180]

110% that is so wrong about 90% of volume being done by algo trading machines. Besides my custom computers have algos and theyre technically trading machines.
the percentage use to be higher but the high frequency trading machines done by algos was a wall street fad, it took us a few years but all us funds figured out how to beat them and not long everyone did, that's been a dying business for a while not and on the major decline.
I also know you dont know what your talking about b/c I have a letter from the sec congratulating my hedge fund for being in top 1% of volume done that year for an exchange (I am being vague as I can't talk about my holdings) and yes we did a lot of volume but it goes to show how much volume is done is we were top 1%.
Back to good conversation on order flow

110% wrong on what? I never made any claim whatsoever regarding percentages of algo vs. human driven trading. Not sure what you're talking about. Although I did get a good laugh at phrases such as "my custom computers have algos" and "theyre technically trading machines". How is your computer different? Is it made by Mattel and does it say "Hotwheels" on the side?

Back to good conversation on order flow

We never had a conversation because you completely ignored my posts.

 

[bone]

I do know that guys model it quite a bit, and that Bloomberg is supposed to be considered the best (cleanest) data. I've seen guys feed T&S from Bloomberg into MatLab. My guess is that the high speed algo types would be the category most interested. Just a guess.