Using T&S in the ES
- Thread starter blokespot
- Start date
Set it to 100 lot and higher. Don't even bother with anything less than 50.
Watch the speed of the prints. It will take quite awhile. When it's moving through S/R how does it move.
You know what forget it. This is lost in translation. Try searching google. I think Trade the Markets has a decent free video and so does James aka SoulTrader at Traderslaboratory
I find using volume whether that be the histogram or some form of market delta that help more.
Watch the speed of the prints. It will take quite awhile. When it's moving through S/R how does it move.
You know what forget it. This is lost in translation. Try searching google. I think Trade the Markets has a decent free video and so does James aka SoulTrader at Traderslaboratory
I find using volume whether that be the histogram or some form of market delta that help more.
I would say at least filter your T&S for 20 blocks and higher, otherwise you'll be overwhelmed.
I'll give you the best advice you will ever get.
Ignore volume altogether and focus on price only.
Volume is only slightly helpful to swingtraders on the daily timeframe.
Ignore volume altogether and focus on price only.
Volume is only slightly helpful to swingtraders on the daily timeframe.
I think this is the bad advice that stock777 was referring to.
Exactly!
Quote from dandxg:
Volume takes time, a lot of time. Hundreds to thousands of hours. So does successful trading.
I'll give you a handy little shortcut....
If you see a large bar then you can assume volume has gone up!!!
A consistent little coincidence I've noticed after putting in my thousands of hours of trading.
If you are trying to play Market Maker using volume I would say just send the floor traders a check directly cause they'll eat your lunch.
If you see a large bar then you can assume volume has gone up!!!
A consistent little coincidence I've noticed after putting in my thousands of hours of trading.
If you are trying to play Market Maker using volume I would say just send the floor traders a check directly cause they'll eat your lunch.
T&S is history... Use it only to kick yourself in the ass for what could have been...
Focus on Level II DOM.
If your trade size is 10 contracts build your own data feed calculating bid/ask to trade 10 contracts from the Level II data.
Your charts will be much cleaner filtering out noise and impossible to fill orders.
Focus on Level II DOM.
If your trade size is 10 contracts build your own data feed calculating bid/ask to trade 10 contracts from the Level II data.
Your charts will be much cleaner filtering out noise and impossible to fill orders.