Videos on time and sale data?

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@timelord914 @marilyn Hi,

I see some of marilyn’s CL videos and use of T&S date… i have couple of clarifications on the same…

  1. the T&S data is the “actual sales done” which eventually moved the price up or down… so by looking at this data in the T&S window in NT, it doesn’t say anything about what is going to happen in next bar or minute or so?.. right?.. if the purpose is to know whether the bulk contracts moved the price up or down - but this we can see in the price action itself (by watching how the bar paints and how the current price moves)… right?.. so what useful info we can derive from T&S data and use it for trading (entry and exit)???..

  2. i can understand the “block” trade initiated by institutional traders which may act as key support or resistance level in the future (or immediate reversal or so)… again we have so many other indicators in the chart to know those levels?.. (say izones, settlement, deviation levels, swing-high or low, magnet price levels… or even the the previous bar high or close - depending the time period we can use these levels as key support/resistance… i believe these levels would have eventually formed based on such block trades which made the corresponding price action - isn’t it?)

so i 'm not clear what should i be looking for from T&S data and derive useful conclusion to my trade entry/exit?.. but since you guys use them to get bigger picture in addition to the indicators etc - could you pls. explain with an example or is there any video as how to use this data?..

appreciate your help and time… thanks…

Vad

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IF you search “time and sales” under the search function in the Forum, top right of the screen, there are several videos there. Using Time and Sales in trading is really not a science and hard to teach. It is more of an art that comes in time by watching it and using it along side with your own personal strategy or system.

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Vadivel

All data besides expectations of volume, price movement expectation, and implied deviations are derived from historical data. T&S is deriving what is happening this second. Most important in T&S is block orders. Marilyn has a section on block orders in her section of the forum. Also we have a block order indicator for institutional orders that will display on the chart coming out soon.

I would not attempt to master T&S until you are already profitable on IZSS.

Dont try to eat the whole cow at once. One bite at a time.