Khaled Hatab asked 4 years ago
Hello
I have a question, do you watch during the penetrations screen – Level II – active trade – times and sales
1 Answers
Owen Staff answered 4 years ago
Hi Khaled,
We do not use Level II quotes in our trading. It’s too fast and it gives me a headache. (I’m old) :-)
Pat watches price and volume on the daily, hourly, and 30 minute charts. Sometimes he’ll go down to 10 minute.
But, those time frames are used more to identify a better entry point. Sure, we’ll take a glance at a shorter timeframe in an effort to determine if we should sell some into strength. But, we don’t want to gauge that decision on T&S as it relates to real-time order flow. Price bars are quite adequate for what we do.
Owen
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