Hi, Well i noticed the other threads on T&S haven't got a lot of play.
Hopefully, people who have a bit of wisdom can add it here.
what comes to mind is the book, "Reminiscence of a Stock Operator", I understand it is all about Tape reading, but i haven't read the book.
I watch Time and Sales sometimes, but honestly it dont get that much from it.
Yes, i can see when the Big sales go thru. and i can see light volume.
One thing i noticed, and not for the first time, when the direction change that happened with the NQ at about 4:00 on Friday. I could see a rapid number of sales going off first at the Bid, then Ask, then back to the Bid, then the Ask. back and fourth. So on my T&S box it was red, green, red, green, red, green for a minute or two, which is different from normal action in the T&S box. Which I assume is traders exiting their shorts and traders getting long. This back and fourth on the bid/ask seemed to have a distinct pattern to it.
So does my definition sound plausible for a trend change?
and if anyone else has anything they can say about what the T&S is telling them,
be great to hear from them, for me and anyone else.
Thanks.