Hope you enjoyed and learned a thing or 2! Check out Master the Market at the following link to learn more trading techniques and join us in chat📈 masterthemarket.teachable.com
LMAO 😂 !!! Same here … I don't know what to do to get results. And I try to do way too many things. I probably tried all the trading styles out there but I'm still losing.
@@MHousley I know people who read the tape and level 2 and make millions of dollars, but you have to pay a lot of money to acquire these bankers' concepts.
Sure! I'm lucky enough to have help from a lady who used to work on a trading floor, i conservatively follow her approach and it makes this quite fun and possible for me
Great videos and nice video to demonstrate your point. If you could make a series just on the different types of situations that shows up on the tape like you did this one, I think it would be popular. Most other "reading the tape" don't really show how to read the tape except describing what different parts of the tapes are.
So is it safe to watch the tape rather than the charts? I try to do both. One very successful trader I know says he just watches the tape. Would like your input.
Green are sellers but they are actually buying the stock on the tape red is selling the bid and bids getting filled which are buyers but hitting the ask and green prints move price up.
Thanks for the video. I have one question though about the hidden seller section. If more buyers are getting in at the Ask which is the hidden seller's price, shouldn't that increase the price rather than lower it? Since these are green in Time and Sales?
It would increase the price only if the price is able to break through the price level that the hidden seller is located! It often takes too much buying to break through a major hidden seller, so many times there isn't enough demand to keep pushing it up afterwards.
@@master_the_market ok, but why we see much more green in time&sales, but no red... in the beggining it was told that these finished orders cant be hidden, so for me it makes no sense :D
Great video, I'm still confused on the color coding in Time & Sales. What does RED transactions mean if you are holding a LONG position, and what does GREEN mean in a LONG position?
Green prints at the inside ask Red: Prints at the inside bid Gray: Prints in between the inside Bid/Ask Yellow: Prints above the inside Ask Purple: Prints below the inside Bid Gray/highlight: Inside quote change
Can you explain the colors (red vs white) on the time & sales? Green prints on time & sale mean the order was executed on the ask but why did that drop the stock price down? Doesn't green prints mean there is buying pressure as there are buyer hitting the ask which should drive the stock price up as there is more buyer?
Great breakdown here. wondering what screen recording software you use? I'd like to be able to go back to and look at the tape at specific inflection points on charts. thank you
Excellent tutorial, thanks for sharing. If you want more views however, and more shares, posting this during market days when the trading and investing subs are busier would be a better idea. Posted it just now in our sub chat but during the weekends the chats are pretty much dead.
First off great video. I’m trying to become a better scalper and this helps. So if there’s a lot of orders at the ask that indicates sellers and if a lot of orders are at the bid that indicates buyers?
6:38 but this order not budging from the ask ...doesn't that mean price about to go up instead? by my understanding Ask( means BUYing) if the price were about to drop wouldn't that order be on the Bid (SElling ) side instead? Thanks for the informative videos! 😎👍
No you have them switched up! The asks on level 2 are the sellers and the bids are the buyers. An order on the ask not budging means the buyers are unable to push through the ask (sellers), which can signal a price drop.
if you see a large bid order (3ook shares) on the left side (buying section) on type2 screen, but not able to find it on the time & sales record. what does that mean? i assume some one with big money played it to accumulate but not sure.
I may be over simplifying, but If I see orders flying say at $2.54 on the tape and don't see it jiving with level II size. get out if long? I am trying to figure out how to forecast those huge red flushes that kill me. I have learned if the momentum slows to a stop, to get out. This maybe why it happens? Thanks for the vid. It was very helpful.
With the hidden sellers, what is the purpose of this? I always assumed it was dilution of shares. As well, I notice that many of my bids or asks also don't show up at times. Today for example, I had almost 1 million shares on an OTC stock and it did not show up on the bid and was significant amount with regards to the other bids being shown.
In my TWS platform the time and sale price is lagging couple of second caps ring with the price on the chart. Is this normal? Or because I haven’t subscribed to level 2. Thx
Does time and sales still count the shares as singles? When i see size “100” could that be 1 option contract? Or would that be 100 contract? Any assistance would be greatly appreciated
Yes supply and demand is really the sole reason for any stock movement but the supply and demand can be influenced by other things like news, press releases, social media promotion, etc.
Every buy is also a sell and vice versa since there needs to be both for a trade. However the number will be green on the time & sales if it was bought at the ask price or higher, and red if it was bought at the bid price or lower.
By using specific order routes to place their orders! It's not possible with most retail brokers but I know Interactive Brokers has a "hidden order" route for their clients.
@@afgluda You only buy at the ask if using a market order. Limit orders to buy get placed on the bid side of level 2. I never use market orders because you will not get filled at the price you want.
Thanks for your instructions ,the music over your instructions in the beginning was somewhat annoying , but fortunately it stopped.Thanks very much for helping me.
Hope you enjoyed and learned a thing or 2! Check out Master the Market at the following link to learn more trading techniques and join us in chat📈 masterthemarket.teachable.com
Awesome. Thank you! 👊
Why is it green when the seller at 2.34 is selling? shouldn’t it be red
I noticed that you didn't use IBKR 'times and sales' to illustrate the hidden seller. Is the IBKR times and sales not good enough?
Following these online tutorials can be helpful, but they are no substitute for a real time pro. 100% !!!
I'm feeling extremely overwhelmed. My chart looks like a rainbow f#%ked a pack of Skittles and had triplets. How do u understand this stuff?
LMAO 😂 !!!
Same here … I don't know what to do to get results. And I try to do way too many things. I probably tried all the trading styles out there but I'm still losing.
Trading can be lucrative, but it's not something you can easily learn from a book or TH-cam video.
@@MHousley I know people who read the tape and level 2 and make millions of dollars, but you have to pay a lot of money to acquire these bankers' concepts.
Sure! I'm lucky enough to have help from a lady who used to work on a trading floor, i conservatively follow her approach and it makes this quite fun and possible for me
Thanks, this is the clearest explanation that I've seen of level 2. And thanks for not making it 20 minutes long.
Fantastic in short time best video ever i've seen about tape reading and level II
One of the best videos out here, thank you
EXCELLENT. MUCH BETTER THAT SEVERAL OTHERS I LOOKED AT.
Ok but can we talk about how simplified your videos are?! Wow. Please keep up the great work. Love your content! You make it easier to understand.
I appreciate the support! Glad you’re enjoying the videos😁
Absolutely, one of the best videos ever . Thank you so much .
Thanks for breaking this down to new traders. Great video and awesome content!
Now I get it! The light goes on!
Thank you so much for the clear explanation of tape reading
Great videos and nice video to demonstrate your point. If you could make a series just on the different types of situations that shows up on the tape like you did this one, I think it would be popular. Most other "reading the tape" don't really show how to read the tape except describing what different parts of the tapes are.
Thanks for this video, was really helpful.
So is it safe to watch the tape rather than the charts? I try to do both. One very successful trader I know says he just watches the tape. Would like your input.
Enjoyed the Video, explained it great, thank you.
Amazing! Made It Simple To Understand. THANKS!
Thank you.I learned new thing today.Appreciate it
Glad it was helpful!
Thanks for the video. I finally understood hidden orders lot better.
excellent video. Appreciate it
great explanation
Green are sellers but they are actually buying the stock on the tape red is selling the bid and bids getting filled which are buyers but hitting the ask and green prints move price up.
Great video... thanks, need to study hard and master it.
I just learned something new today, THANK YOU!!!
Thanks for the video. I have one question though about the hidden seller section. If more buyers are getting in at the Ask which is the hidden seller's price, shouldn't that increase the price rather than lower it? Since these are green in Time and Sales?
It would increase the price only if the price is able to break through the price level that the hidden seller is located! It often takes too much buying to break through a major hidden seller, so many times there isn't enough demand to keep pushing it up afterwards.
@@master_the_market ok, but why we see much more green in time&sales, but no red... in the beggining it was told that these finished orders cant be hidden, so for me it makes no sense :D
Thank you for the video.
Nice one, More on Tape reading plz
Definitely educational!!!🙏🙏🙏
Great video, I'm still confused on the color coding in Time & Sales. What does RED transactions mean if you are holding a LONG position, and what does GREEN mean in a LONG position?
Green prints at the inside ask
Red: Prints at the inside bid
Gray: Prints in between the inside Bid/Ask
Yellow: Prints above the inside Ask
Purple: Prints below the inside Bid
Gray/highlight: Inside quote change
Can you explain the colors (red vs white) on the time & sales? Green prints on time & sale mean the order was executed on the ask but why did that drop the stock price down? Doesn't green prints mean there is buying pressure as there are buyer hitting the ask which should drive the stock price up as there is more buyer?
Do you have a brokerage ranking and balance?
Great breakdown here. wondering what screen recording software you use? I'd like to be able to go back to and look at the tape at specific inflection points on charts. thank you
Thanks glad you enjoyed! I recommend OBS or QuickTime to record your screen, both are free!
@@master_the_market i will look into both. appreciate the reply. thanks
stop loss also or only limit orders are shown?
Excellent tutorial, thanks for sharing. If you want more views however, and more shares, posting this during market days when the trading and investing subs are busier would be a better idea. Posted it just now in our sub chat but during the weekends the chats are pretty much dead.
Thanks I appreciate the advice!
one question, these "hidden" orders are not market executed orders? and you are confusing them with limit orders. 7:20
First off great video. I’m trying to become a better scalper and this helps. So if there’s a lot of orders at the ask that indicates sellers and if a lot of orders are at the bid that indicates buyers?
Correct! It's not always that simple but it's a good starting point for tape reading and trading based on price action.
good
6:38 but this order not budging from the ask ...doesn't that mean price about to go up instead? by my understanding Ask( means BUYing) if the price were about to drop wouldn't that order be on the Bid (SElling ) side instead? Thanks for the informative videos! 😎👍
No you have them switched up! The asks on level 2 are the sellers and the bids are the buyers. An order on the ask not budging means the buyers are unable to push through the ask (sellers), which can signal a price drop.
q: wha are the colors mean on T&S Green, Red,White?
If there's an order at 234. Why doesn't it get filled?
What software is that for time and sales
Ok so on the time and sales tab is doesn't matter the color the price show up on? What matter is that it matches with level 2?
if you see a large bid order (3ook shares) on the left side (buying section) on type2 screen, but not able to find it on the time & sales record. what does that mean? i assume some one with big money played it to accumulate but not sure.
I may be over simplifying, but If I see orders flying say at $2.54 on the tape and don't see it jiving with level II size. get out if long? I am trying to figure out how to forecast those huge red flushes that kill me. I have learned if the momentum slows to a stop, to get out. This maybe why it happens? Thanks for the vid. It was very helpful.
which software ?
With the hidden sellers, what is the purpose of this? I always assumed it was dilution of shares. As well, I notice that many of my bids or asks also don't show up at times. Today for example, I had almost 1 million shares on an OTC stock and it did not show up on the bid and was significant amount with regards to the other bids being shown.
Cinzia Brugnola What platform are you using?
How do you interpret level 2 at that fast speed its going?
So how become a hidden buyer/seller like they are? Why they can and you can't?
Need certain order routes, which most retail brokers do not offer.
In my TWS platform the time and sale price is lagging couple of second caps ring with the price on the chart. Is this normal? Or because I haven’t subscribed to level 2. Thx
i was under the impression that hidden orders were filled after shown orders
Does time and sales still count the shares as singles? When i see size “100” could that be 1 option contract? Or would that be 100 contract?
Any assistance would be greatly appreciated
I think option orders are calculated on their own via open interest & volume on the options chain
Oh damn.... I gotta up my level 2 & T&S game 🤦🏻♂️ - you have an exclusive class for that? What’s up?
Sure do! masterthemarket.teachable.com/p/day-trading-secrets-learn-to-day-trade-with-tape-reading
Flashing the bid to lure people in is the biggest problem with level 2
Since the supply was higher than the demand, that's the reason the stock price dropped?
Yes supply and demand is really the sole reason for any stock movement but the supply and demand can be influenced by other things like news, press releases, social media promotion, etc.
so how do you know those are sell and not buy orders on "time@sell"?
Every buy is also a sell and vice versa since there needs to be both for a trade. However the number will be green on the time & sales if it was bought at the ask price or higher, and red if it was bought at the bid price or lower.
Well it was green on time n sales, why did the price went down?
@@anothergreatdeal1597 i think maybe the article is tricking people by giving wrong explanation or maybe this channel
How are they able to disguise their bid?
By using specific order routes to place their orders! It's not possible with most retail brokers but I know Interactive Brokers has a "hidden order" route for their clients.
This is so confusing topic, i thought more volume on ask means more buyers and that should tske the price higher
No you just have them mixed up I believe. The ask shows the sellers, so more sellers on the ask means more supply and (likely) lower prices.
@@master_the_market yes ask means sellers but we always buy at ask so that means more demand on supply side and vice versa
@@afgluda You only buy at the ask if using a market order. Limit orders to buy get placed on the bid side of level 2. I never use market orders because you will not get filled at the price you want.
@@master_the_market ok then why is the color red for bid on time and sales, red means down not up right
@@master_the_market when you buy at ask, the order gets placed on ask side not bid
With all the manipulation in level 2 why bother watching it? I look mainly at the colors of time and sales to determine soaking
take the music out of your instruction
No😁
Thanks for your instructions ,the music over your instructions in the beginning was somewhat annoying , but fortunately it stopped.Thanks very much for helping me.
So much misinformation in one video..