Understanding of tick volume | Traders Hideout


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Understanding of tick volume

  #13 (permalink)

Chicago
 
Trading Experience: Advanced
Platform: NinjaTrader
Broker/Data: Mirus
 
Posts: 16 since Aug 2009
Thanks: 8 given, 11 received

... really good stuff, iantg. I'll re-read your comments several times

You seem to infer that the order book needs to be factored in, true? But, from my experience the order book is basically #FakeNews for the independent trader. Unless you have deep resources, trying to factor in the order book as a guy trading from his PC is a waste of time. Too many times, I see order book shenanigans that either prevent me from pulling the trigger or worse: take me out early of a winning trade.

SL and PT is where the edge can be found for the independent trader, IMO.

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