Love how you put out a video where it was a solid base hit played correctly. These opportunities are everywhere and it encourages me that it's good to take the solid base hit instead of striking out swinging for home runs every time.
What a great trade is this yet again! It is a clean description of an advanced entry technique at an important level. Stock order flow confirms the level and you did show this the best way possible. That dip under $95 is what fouls many. Thank you for keep sending these.
@@smbcapital Love your material. I actually practiced the technique just today on GOGO on the short side. Not easy, need practice, but trading is not easy in general. Please call me Zoltan (first name)
Great video Mike on L2 reading skills.I actually understood most of what you guys were explaining. Your correct Mike... practice practice practice. For eg I understood how you said.You got that 95 Level..leaked below that Level..couldnt hold below that level.Then re bids back to the 95 Level.which would indicate this is a sign of strength @ that Level.You would also consider other variables to confirm but L2 shows the most important strength signal.Giving you an opportunity for a good risk reward entry...off to watching your next latest video and try to pick up as much as possible.😊
Its funny how we as traders can sometimes talk ourselves out of taking or holding a position that has all of our variables ✔ off. Great point on the tape offering a signal to long as 95 is reclaimed and held. I use a 9ema that helps me determine if the levels are holding but I may remove it and experiment more just on the tape reading by itself as I believe it will ultimately help me become better at spotting those scarce moments where you can really help structure a good rr play, especially with breakout plays
Mike and Team.....Thk U.....Great visuals, screen/window layout, mouse pointer use, pauses with ur thought process. Tape reading was my kryptonite...NO MORE......in part bcoz of ur vids. QUESTION: How do u deal with large tape transactions between BID/ASK ? Whts the thought process when u see large size in the spread. Again thks folks.
Thank for all you all support to the trading community for you Mike and all your hard working and smart guys god bless you all, quick question what platform to trade they are using in this video thank in advance.
Hello Mike, I’m a developing trader, improving my reading the tape skills every day, can you please clarify a bit what I need to see above the level? buying on the bid, buying on the offer, offers taken out and bids stepping higher? Thank you for the answer🙏🏻
make sure you are selecting the highest quality playback. We understand that when our traders record their screen it may not be in the highest quality setting or limited to their screen resolution.
Love how you put out a video where it was a solid base hit played correctly. These opportunities are everywhere and it encourages me that it's good to take the solid base hit instead of striking out swinging for home runs every time.
the base hits add up over time
What a great trade is this yet again! It is a clean description of an advanced entry technique at an important level. Stock order flow confirms the level and you did show this the best way possible. That dip under $95 is what fouls many. Thank you for keep sending these.
glad it was helpful Lencse
@@smbcapital Love your material. I actually practiced the technique just today on GOGO on the short side. Not easy, need practice, but trading is not easy in general. Please call me Zoltan (first name)
Awesome detail and conversation thanks Mike and SMB traders - tape + trend analysis is a sweet combo for these videos.
thx LSH Trading
sam you are good mentor ......respect from India
thanks!
Great video Mike on L2 reading skills.I actually understood most of what you guys were explaining.
Your correct Mike...
practice practice practice.
For eg I understood how you said.You got that
95 Level..leaked below that Level..couldnt hold below that level.Then re bids back to the 95 Level.which would indicate this is a sign of strength @ that Level.You would also consider other variables to confirm but L2 shows the most important strength signal.Giving you an opportunity for a good risk reward entry...off to watching your next latest video and try to pick up as much as possible.😊
Its funny how we as traders can sometimes talk ourselves out of taking or holding a position that has all of our variables ✔ off. Great point on the tape offering a signal to long as 95 is reclaimed and held. I use a 9ema that helps me determine if the levels are holding but I may remove it and experiment more just on the tape reading by itself as I believe it will ultimately help me become better at spotting those scarce moments where you can really help structure a good rr play, especially with breakout plays
Mike and Team.....Thk U.....Great visuals, screen/window layout, mouse pointer use, pauses with ur thought process. Tape reading was my kryptonite...NO MORE......in part bcoz of ur vids. QUESTION: How do u deal with large tape transactions between BID/ASK ? Whts the thought process when u see large size in the spread. Again thks folks.
Thank for all you all support to the trading community for you Mike and all your hard working and smart guys god bless you all, quick question what platform to trade they are using in this video thank in advance.
Love the video, reminds me of another video I recently watched called "Use a scalpel to fell a tree".
Thanks for the great video guys! May I ask someone about their TOS setups, and more specifically about the volume graph?
Thanks for the video on tape reading. Was wondering what vendor you use for your level II and T&S.
Which time frame do you guys execute your day trades?
Hello Mike, I’m a developing trader, improving my reading the tape skills every day, can you please clarify a bit what I need to see above the level? buying on the bid, buying on the offer, offers taken out and bids stepping higher? Thank you for the answer🙏🏻
Great information in this video
thx :)
Are those EMAs on the charts, and do you use a different EMA for scalps rather than a swing trade?
This is great
Ahhhh. Nice picture.. and trade! just the right size
thx Eric
I was wondering what software you use to look at level2 data? I can't find it.
Hi, thanks for the helpful content. Can you please tell me from where did you get the VOLUMEBYBIDASK? Is it a private code?
Did you use options or stock on this trade?
Can you put videos about how to prepare to daytrade please? About review and research
I hope some commodities videos :( I’m stuck in silver cfds but if you have some futures...
What is the name of the first trader if i may ask?
Will be highly appreciated if a new video can be uploaded on the same subject.
We will be uploading more
Screens and charts are not clearly visible. Before releasing the video, please do a quality check !
make sure you are selecting the highest quality playback. We understand that when our traders record their screen it may not be in the highest quality setting or limited to their screen resolution.
@@smbcapital will check. I am not recording. ....I am just viewing only