Time and Sales as an indicator?
- Thread starter easyrider
- Start date
This will be humorous to you. I trade "seamlessly"*. I do not know what "market depth" figures are at this point.
Just guessing, but if a market did not have enough vitality all the time to trade it, I would not trade in that market at all. I did trade poor markets when their were no minis. The advent of minis gave us markets where the noise of any market is small compared to tradingsignals.
* To me seamlessly means I m in the market all the time and I stay on the "right" side. "right" side is the side where profits are accumulating. I tack all the time and sideline only during market centering. I bracket in by seeting up before the BO arrives aftr centering.
I use T&S for daytrading and intra day position trading only. As many of you know, its use will not serve larger timeframes.
Don't forget that T&S is the oldest tool in the market. It's predeccessor, the "ticker tape" machine was used to determine price and urgency.
You can take your T&S a step futher by setting minimum vol. I use RealTick as my primary platform. In addition to T&S I use a ticker set for min vol of 10,000 shares (the minimum is proportionate to the avg vol of the stock/ETF Im watching). The higher min vol allows me to see institutional size, which is especially useful on reversals and pivots.
Don't forget that T&S is the oldest tool in the market. It's predeccessor, the "ticker tape" machine was used to determine price and urgency.
You can take your T&S a step futher by setting minimum vol. I use RealTick as my primary platform. In addition to T&S I use a ticker set for min vol of 10,000 shares (the minimum is proportionate to the avg vol of the stock/ETF Im watching). The higher min vol allows me to see institutional size, which is especially useful on reversals and pivots.