After Thor’s webinar on tape reading I have read the book “Dark Pools” by Scott Patterson and listen the Chat with Traders Podcast with Aaron Fifield and the guest he had on the show name Sang Lucci. From what I read and learned from these guys is that tape reading and level 2 are must know strategy for long term and consistent success. So far I haven’t understood and used much these tools but I’m planning to dive into. Just want to see how many of you agree that this is something that is must know for success and how much of your trading strategy is based on these two indicators?

Hi BBT, Good day and this is Luke here. I have faced some "inconsistency" in the way the "physical" Profit Taking order are being set. Let me run you through with 1 example when going LONG (May 6 ticker $VIAC) 1) May 6 2021 9:24:13 (First attempt to set a profit taking point) Positions - Long 58 shares. AvgCost $40.18 Orders- Stop Order, Side "S", 58 shares, Type SM: $40.06 Both the Entry and Stop Loss were set using Kyle's fixed $ Risk Hotkey at $7 risk. Here, I am about to set a "Take Profit" order at $40.3, double clicked on chart (price also shown in Montage) 2) May 6 2021 9:24:27 (Profit Taking Stop Order sent) Positions - Long 58 shares. AvgCost $40.18 Orders- Stop Order, Side "S", 58 shares, Type SM: $40.06 Stop Order (Profit taking), Side "SS", 18 shares, Type "L", at $40.3 (also see the flag) The above two screenshots showed everything works as expected. However, fast forward to a later timing, when I tried to set another "Profit Taking" Stop Order... 3) May 6 2021 9:31:04 (Second attempt to set Profit Taking Stop Order) Positions - Long 20 shares. AvgCost $40.18 Orders- Stop Order, Side "S", 20 shares, Type SM: $40.06 Here, I am about to set another "Take Profit" order at $40.5, double clicked on chart (price also shown in Montage) 4) May 6 2021 9:31:12 (Moment when I initiate the Profit Taking Stop Order) Positions - Long 20 shares. AvgCost $40.18 Orders- Stop Order, Side "S", 20 shares, Type SM: $40.06 Stop Order, Side "SS", 10 shares, Type SL: $40.06, Price $40.5 (also see the flag) Why I was not seeing what happened in Picture 2) above? When I expected to see something like " Side "SS", 10 shares, Type "L", at $40.5" "? Also, it seems there is "another" flag that shows up underneath the original Stop Loss Flag "SM 20 40.06"... Why did the first attempt to set Profit Taking Order work, but the second attempt didn't? (You can click the picture and cycle thru them in chronological order for easier references) and What happened in the second attempt? Thanks for your help!

Does anyone know how to enable Order Line Movement so that I drag the price line on chart to change the order price?