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Daytrading August 6 pre-market, page-74

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tradesurfer

10,083 Posts.

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06/08/15

09:47

Post #: 15759572
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Originally posted by mitta ↑

"...Who watches market depth??? most people do....that's how you see a build up of buyers and potential move up..."

much easier and safer to watch the build up of buyers/sellers/potential move up/down on the chart.. that is the only way imo

"...regarding being careful of volume spreads and all charts work from market depths etc."

charts imo do not work off market depths. one does not even have to have iress on to have a good clue which way the market is building towards.. the volume from most major turns on the chart comes from off screen... market depth is so overrated here on the day trading thread

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Wise words ....

Also what happens if say some one load up the buyside there order is next in queue?
Vice-versa they want more shares they stack the sellside ..
Yup im definitely going to take more notice of the market depth from now on hey
Charts don't lye and give us all the info we need ..

TS
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