checking for volume bars while they are forming and not once they have been already formed

lucacrebbe

Active Trader
Jun 26, 2017
108
1
32
44
Look for areas of congestion (that's why I use t&s, lvl 2 and deep book). Learn to spot larger volumes AS the orders are coming through, while the volume bar is formed instead of after it's done.
questions: (this is a piece of message I have red from a day trader on /biz/4chan)

1) what is t&s, lvl 2 and deep book and how can I use them when I am trading?

2) Learn to spot larger volumes AS the orders are coming through, while the volume bar is formed instead of after it's done.

How can I do this? Exspecially the second one.

I am talking about stocks & crypto
 

Enivid

Administrator
Staff member
Nov 30, 2008
18,534
1,355
144
Odesa
www.earnforex.com
1) "t&s" probably means "Time & sales" information. I have no idea what "deep book" is. Perhaps, it is market depth data?

2) I think that he means looking at the candle forming tick by tick here. When you look at the candle that has already formed, you only see its total volume, and you cannot tell how much of that volume was added at what price. When you follow its development tick-by-tick, you can track how much volume was added from a particular transaction.