Comment on Intraday stock trader par excellence
commented on
04 Nov 2015, 04:11 PM
Not too sure what your query is. Could you be elaborate? If you’re wanting to ask how to analyse the Market depth window, here’s what Nithin has to say
“Personally I don’t believe that looking at the bid/ask volumes in the snap quote really works, especially if you are trying to do this manually and not really without a strategy that is backtested. In the many years I have been trading the market, this is actually the most popular way a retail trader decides to get in and out, if total bids are more than ask buy and if not sell.
What needs to be kept in mind while seeing this is that firstly it won’t capture any market orders that will be placed, and secondly most of these bids/asks could be at prices which are way before or ahead of the current market price, making those quantities insignificant.”
Source: http://tradingqna.com/1705/how-to-use-snap-quote-window?show=1705#q1705