Many new traders struggle to learn level 2. This was a challenge for me as well. Its WAS like kryptonite, .....................No more. (Read full thread for knowledge). The Bookmap education series teaches how to use the trading tool BUT also it teaches you the mechanisms of the market and how to read in bookmap L2 which can easily be translated into the DAS montague and Time & Sales. In my opinion the Bookmap education series is a MUST for any trader. Start with the link below. As u watch the video remember the following two points: 1. MARKET ORDERS move the market (aka aggressive orders the balls) 2. only LIMIT orders (aka passive orders) are shown in the book of an exchange(Pools of liquidity). Price generally moves to LARGE pools of liquidity, i.e. LIMIT orders. WARNING: The ease of use is unbelievable, u will be tempted to buy. (Watch more on YouTube channel.).......then submit to ur temptations. SUGGESTION ON HOW TO WATCH PRICE--- As PRICE approaches a level focus ur eye on the T&S window initially, top line, (eyes should move from T&S to L2 in montage back to candles, then to T&S) and watch the price and size of the BID/ASK. This tells you exactly wht will happen in the next few seconds and the potential start or failure of a move/swing. This indicator only tells you the start, does not allow u to read if it will continue. (Tht is for another post/thread soon.........).

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?