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CL today - interpretation of tape / time and sales data

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Market Wizard
SF Bay Area + CA/US
Trading Experience: None
Platform: TS, TOS, Ninja(Analytics)
Favorite Futures: NQ CL, ES when volatile mrkts
paps's Avatar
Posts: 1,676 since Oct 2011
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i think you have it right for the example you showed.

but LOB is a very vast subject. As one gets more proficient you can start seeing what other vendors do not show or talk about since they may not know 1st off. 2ndly some of the advanced LOB subjects are only available on whitepapers written by academicians and you will see 0 vendors getting into those specifics...simply as retail cannot afford paying up those prices. Very sofphisticated LOBs am sure will tell you 100s of things which need different data feed, different modelling, different look at existant Limits in the book, etc etc.

however we can do well w/o any of the above. but all i will tell you is when looking at t&s try to see what dom is telling. what liquidity is telling. what if any depth is telling. who is the aggressor....limits or market orders. yupp limits can also be aggressors.

anyways i think you already on the right track

cheers n goodluck

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