Time and Sales price action

[rinran 2]

Hello,

Curious how the T&S price action works. If transactions are happening at the ask or above the ask, is that an indication the price might be going higher? With level 2, if you see heavy numbers on the ask side it's a bullish sign as far as I'm aware, does the same hold true for T&S?

Cheers,

Ry

[Abiel 475]

Hi Ry. We have some resources in our Education Center related to L2 and T&S:

• Understanding NASDAQ Level 2 Signals
• Live Trading Example on $JD and the Power of Level 2 (TotalView)

In the Success Webinars, watch The Psychology Behind Level 2 by Thor.

[Alastair 114]

23 hours ago, rinran said:

Hello,

Curious how the T&S price action works. ...............................................

 

In addition to the great info by Abeil  i also suggest the following link/video which teaches the mechanism of Bid/Offer L2 and T&S.

it is taught using Bookmap but can easily be translated into DAS once u understand the mechanics of how/why price moves.

 

 

[rinran 2]

Thanks for the replies! For anyone reading this in the future, I found this YouTube video helpful.

 

[mlestina 6]

Thanks for the video.

I was wondering whether there is a link or video or book or whatever that explains the T&S tape, what the different colors mean, how to stratagize by reading the T&S tape, the different features available in setting up the tape, etc.  Please mark me if I am wrong, but this seems to be missing for the most part from the books and the education center.

For example, I understand that a colored entry on the T&S is a transaction at a price relative to a bid and ask on the order book, but I do not know whether it is a buy, a sell, whether the buyer or the seller is aggressive or passive (i.e., market vs limit vs stop order), etc.  Where can I learn about this?

Matt