I would like to discuss the intricacies and nuances of Level II data (i.e., Level II data order flow). This is a tool that, if used correctly, can empower any trader.
There are those who prefer trading with the help of charts. In my view, that is not very effective – akin to driving a car with your eyes closed. How far do you think you’ll get that way? Not very far, I’d say. You probably want to keep your eyes open. It’s the same with using Level 2 data: it gives you a good idea of what’s in front of you.Read More