Reading Level 2 Was HARD Until I Learned This Easy 3-Step Trick

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Warrior Trading // Ross Cameron // Day Trade Warrior

[archetype]

Ross has been dropping HEAT all month. What did we do to deserve this?

[-mu]

clarifying when you look at the level 2 and when you look at the charts. that was a huge gem thank you

[namename]

u say if u want a deepp dive in elevel 2, click here, but theres notthing there, were ur clicking,

[Jake-xekt]

I agree Ross that TOS could definitely be improved in its Level 2 module and stock scanner such as adding in the float as a selection criteria. Getting back to TOS's Level 2, I do two things many might not know about. 1. I expand the default view by clicking on the drop down in the upper right corner and selecting the Nasdaq Order Book. 2. I then detach it to the right side of my screen and back on my Flexibke Grid, do the same thing but open the BATS Order Book and detaching that Level 2 to the right of my screen next to the detached Level 2 of the Nasdaq Order Book. I then drag both modules down the full side on the right of my laptop screen. I only take a trade when both detached Level 2 order books shw more buyers than sellers. I think you understand this but hopefully others can figure it out. Occasionally I take a trade when both order books buyers and sellers are equal and filled up but I try to stay out of congested stocks. God bless. Jake

[kota]

Some level 2 allows for highlighting extra large orders in level 2. i set up das trader to highlight any order > 100k shares with a white background and red text. if i see that, i immediately know to keep my eye on it.

[mateodemaj]

ahhh yes the lvl beautiful art easily manipulated.

[jesusnieto]

THIS was the video I needed. Thank you so much for just being as open as you are, eventually i hope to be investing in your course.

[DwayneS]

Game changer! Keep 'em coming Ross on Level 2.

[MysterERaps]

So if there's a hidden seller, does that mean price upwards will have alot of resistance

[cmajors]

I'm trying. It'll be a while before I'm reading to absorb L2. I'm still getting comfortable with ToS... by that I mean... I'm stopping trading entirely until I get a handle on ToS.

[verveblack]

sigh you could’ve zoomed into the lvl 2 window. why do we have to see the charts at all when focusing on one window. hard to see on a tv

[mallards]

Another great teaching Ross, see you Monday morning

[clickbait]

please make a video REPLAY showing how you use Level 2 when trading

[ArcGlowingVision]

This was really confusing and will need to invest time in it, however you've got me pointed in the right direction.
Wonderful breakdown.
Look at the pattern then confirm with level 2.
When a ton of green orders roll in, but price is stationary, look for hidden seller (iceburg).
Look for half and whole dollars on the level 2 and tape.
Great education Ross.
Have a fabulous day!
🍰

[matthewcaskey]

Ross on TOS they have under timeframes, actual times, Ticks, and Range, have you ever looked at Range and set price to ATR? It is literally Averaging out over several aspects from Volatility to orders, etc.... if you could I would love to see a video on how to trade using this? Thanks!

[mjay]

Awesome, thanks! Give those algorithms a run for their money. Does the level II you use require Win 10? Does it include the candlesticks?

[koyaaanisquatsi]

does L2 color changing only work in Lightspeed, or can I do it in other software as well? What platform would you recommend using for displaying L2 like you do?

[aljones]

I.d think that the time and sales readings would exactly correspond to a candlestick's changing shape, why not????

[MinDTraX]

Is it possible to see your live trades including commentary later on in the day when I subscribe? Given the time differences.

[JackDespero]

It would be great it these tools allowed you to put subtle color differences on the Level 2 depending on the volume of the the contract. For example, light green for normal lv 1 and very bright green for lv 1 orders of more than 100 shares.