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Trader Interview on reading order flow with level 2 data


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Trader Interview on reading order flow with level 2 data

  #1 (permalink)
 gilyee 
Summit, NJ
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB/esignal
Trading: futures
Posts: 5 since Apr 2010
Thanks Given: 4
Thanks Received: 7

I stumbled upon this when trying to understand how read order flow. It's a trader interview from a Prop Trading Firm. I'm not trying to plug this websites products. This one is free. I just found it really interesting and thought others would too.

Level 2 data is referred to a lot in the interview. Has anyone else found that data useful?

https://www.traderinterviews.com/free/2010-01-07_Watching-Order-Flow-and-Tape-Reading-To-Find-Good-Trades_GilbertMendez.php

Gil

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  #2 (permalink)
paulg
NY
 
Posts: 90 since Sep 2009
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gilyee View Post
Level 2 data is referred to a lot in the interview. Has anyone else found that data useful?
Gil

..well, it depends whether you're also able to read the fakes, walls, floors, etc. If you are not sure, learn or discard it.

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Last Updated on December 11, 2010


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