Hello, I was using DAS in replay mode, loaded TSLA for 2/23/23 and was watching some transactions happen which I do not understand. Attached is the pic, where multiple transactions happen at 204.85, yet in the middle I see these below ask transaction happen at 203.85! That's a $1 difference, how is this possible? Thanks.

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.........).

Hello, My understanding is that there is no possible trade outside the bid/ask spread; if an order is placed aggressively, the exchange will always execute at best bid/ask. As such, what I’d like to understand is what the “Above Ask” and “Below Bid” in the Time/Sale represent and how do they occur. Thank you!

Hello, a narration of my play on $SPCE for a breakout of 21. I am sorry if it is too lenghty. My idea was to pass a couple of messages on what I see in Level 2 + Time & Sales. BIG PICTURE Market moving sideways, with no big prospects of big moves: INTRADAY FUNDAMENTALS Not a great catalyst but a catalyst nonetheless: TECHNICAL ANALYSIS The stock trended nicely over VWAP since the open. Plan was to enter for the breakout over 21. 21 as daily high and also a multiple resistance point when looking into the daily chart. I also marked the 21.50 as important resistance, used for profit target READING THE TAPE As expected, Big push at 21. I got filled at 21.04. It consolidated sideways for a moment before moving higher. Tape was holding the BID at 21.05, after a big test lower: 3 Seconds later: Continued sideways for a while but with rising BID and multiple prints taking down the ASK. At 21.20 Big seller appeared: It was taken down: The stock moved rapidly with prints reaching 20.30. A test on BID came at 21.27: It holded and start move higher breaking the ASK on 21.30: Took a first partial (30%) at 21.32 locking some profits. Then end up closing position once the stock started to show it couldn’t break the accumulated positions at 21.35/36: It eventually dropped to .20s where it seem to hold the bid (remember the big seller? Resistance turning support!), my prediction was that the move was not done yet as we had some room to .50s: It flushed once below .20s but got bought in very fast, showing strenght. Then after a period of upwards consolidation, I got in at 21.30 with stop on low .20s (the entry was late. I got bit hesitant on those moments and was enough to lose the chance to get an entry on 21.25 which would give a much better R/R ratio. Time is key on these momentum plays). The idea was to capture a move towards .50s. But the momentum was not that strong and felt weakness once the stock tried to push into the .40s. See how all those green prints on the ASK did not move the ASK above: I as a matter of contrast see how the prints on ask moved the ASK up by .02 cents, 3 seconds earlier: followed by a further take down of the big ASK at 21.36: I ended up closing the position at 21.40/21.35. The stock made another attempt before falling all the way to 21 again. PS: Played the stock to the short side in the below 1min set up with hanging man on top: