{"id":59977,"date":"2016-10-30T11:16:13","date_gmt":"2016-10-30T18:16:13","guid":{"rendered":"https:\/\/brookstradingcourse.com\/?p=59977"},"modified":"2018-03-25T06:51:54","modified_gmt":"2018-03-25T13:51:54","slug":"trading-time-sales-benefit","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/ask-al\/trading-time-sales-benefit\/","title":{"rendered":"Ask Al: Trading with Time &amp; Sales"},"content":{"rendered":"<h2>Watching Time &#038; Sales while trading<br \/>\n BPA trading room Q&amp;A: April 7, 2016<\/h2>\n<p class=\"content-box-green\">Question: Do you watch Time &#038; Sales? And is there any benefit to it?<br \/>\n <em>Video duration: 3min 13sec<\/em><\/p>\n<div style='position:relative;height:0;padding-bottom:56.25%'><iframe class='sproutvideo-player' src='\/\/videos.sproutvideo.com\/embed\/489adfbb1318e5c6c0\/07437fe836e67b69?playerTheme=dark&amp;playerColor=' style='position:absolute;width:100%;height:100%;left:0;top:0' frameborder='0' allowfullscreen><\/iframe><\/div>\n<p><\/p>\n<h3>Time &#038; Sales no benefit<\/h3>\n<p><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/10\/Ask-Al-Time-and-Sales-Trading-Benefit.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/10\/Ask-Al-Time-and-Sales-Trading-Benefit-300x240.jpg\" alt=\"Ask Al Brooks - Time and Sales Trading Benefit\" width=\"300\" height=\"240\" class=\"alignleft size-medium wp-image-59981\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/10\/Ask-Al-Time-and-Sales-Trading-Benefit-300x240.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/10\/Ask-Al-Time-and-Sales-Trading-Benefit-600x480.jpg 600w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/10\/Ask-Al-Time-and-Sales-Trading-Benefit.jpg 762w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>There\u2019s totally zero benefit to it!  Also, a lot of Time &#038; Sales is garbage. <a href=\"https:\/\/www.tradestation.com\/\" target=\"_blank\" rel=\"noopener\">TradeStation<\/a>, if you\u2019re looking at Time &#038; Sales, you\u2019ll see, \u201cOh, 17 contracts, five contracts, 27 contracts\u201d &#8212; they\u2019re not showing all their contracts.  I don\u2019t know if they\u2019re just showing the market order contracts, but they\u2019re missing a whole bunch of contracts.<\/p>\n<p>And then if you look at IB [<a href=\"https:\/\/www.interactivebrokers.com\/\" target=\"_blank\" rel=\"noopener\">Interactive Brokers<\/a>] Time &#038; Sales, every now and then you\u2019ll see an Emini trade with 30,000 contracts, right?  And then you look at the volume of the bar and say, \u201cWait a minute, the bar only had 1,000 contracts.  How can the Time &#038; Sales show 30,000 contracts when I can see the volume is only 1,000?\u201d  It\u2019s because, I believe, that when they show 30,000 it\u2019s the end of a huge order that had been placed and filled \u2013 in pieces, pieces, pieces, pieces. And then when the final piece of the order got filled, it pops up on Time &#038; Sales. <\/p>\n<h3>DOM trading<\/h3>\n<p><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/10\/Ask-Al-Depth-of-Market-DOM-Trading-Screen.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/10\/Ask-Al-Depth-of-Market-DOM-Trading-Screen-300x169.jpg\" alt=\"Depth of Market DOM Trading Screen\" width=\"300\" height=\"169\" class=\"alignleft size-medium wp-image-59984\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/10\/Ask-Al-Depth-of-Market-DOM-Trading-Screen-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/10\/Ask-Al-Depth-of-Market-DOM-Trading-Screen-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/10\/Ask-Al-Depth-of-Market-DOM-Trading-Screen-600x338.jpg 600w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/10\/Ask-Al-Depth-of-Market-DOM-Trading-Screen.jpg 2039w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>And Richard\u2019s going to get mad at me, when I talk about DOM, \u201cdome\u201d, or whatever you want to call it trading. Price ladders and all that other stuff. [Richard: Not mad, but see my <a href=\"https:\/\/www.brookstradingcourse.com\/guest-traders\/order-flow-support-price-action-trading\/\">order flow trading support for price action<\/a> response!] To me, I see, I know what\u2019s going on.  I don\u2019t need to look at the DOM to know that there are going to be sellers up here [B45]. And I don\u2019t need to know &#8212; I don\u2019t need to look at anything to know &#8212; or Time &#038; Sales to know, that there are going to be sellers down here [B52].  It\u2019s just clear, right?  And I don\u2019t need to know if there are iceberg buy orders below 65.  I know there are, right?  Because that\u2019s what makes sense.<\/p>\n<h3>Price action enough<\/h3>\n<p>So for me, I don\u2019t need to look at that stuff because I know &#8212; I know what\u2019s going on.  So when I buy above 65, I\u2019m planning on buying more below 65, and I know there are huge orders there.  And, I don\u2019t know if they show up on the DOM, not. I don\u2019t care if they\u2019re iceberg orders or not.  I know they\u2019re there. So for me, I\u2019m much more simplistic than a lot of traders. This is what I look at.  When I\u2019m trading, this is how I trade, I just look at this stuff.  And I know what\u2019s going on; every tick in the day, I understand what\u2019s going on. I don\u2019t know with 100 percent certainty, but I really understand what\u2019s going on. And you listen to me talk all day, you know.  I\u2019m telling you what I\u2019m thinking, and so Time &#038; Sales, \u201cdome\u201d or DOM, I don\u2019t need it because I know what\u2019s there.  Even if you look at those things and you don\u2019t see it, I see it. I can see it on this chart.<\/p>\n<h3>Get good at reading chart<\/h3>\n<p>So to me, I would rather have someone get really good at <a href=\"https:\/\/www.brookstradingcourse.com\/what-is-price-action\/\" target=\"_blank\">looking at charts<\/a> and trying to understand what\u2019s going on, than to spend time doing other things.  Also, I think looking at charts, and watching the big picture unfold, is more fun than looking at just a DOM ladder all day. I like looking at the December 31st close and see what the market\u2019s doing. I like looking at obvious support and resistance, and see how the market is reacting.  For me, it\u2019s fun.  You know, I like to see breakouts like this [B53] and say, \u201cOh boy, look at that. I bet we\u2019re going lower.\u201d  To me, that\u2019s fun.  And if you\u2019re just looking at a DOM screen, you don\u2019t see any of that. And for me, I would be missing a lot of the fun.<\/p>\n<p>I\u2019m sure I\u2019m going to get an e-mail from Richard later today, but that\u2019s okay.  All right, hope everybody has a good night.<\/p>\n<p><em>Al Brooks<\/em><\/p>\n<p><a title=\"Al Brooks&#039; trading room\" href=\"https:\/\/www.brookstradingcourse.com\/online-day-trading-room\/\">Information on Al&#8217;s Online day trading room<\/a><\/p>\n<hr \/>\n","protected":false},"excerpt":{"rendered":"<p>Watching Time &#038; Sales while trading BPA trading room Q&amp;A: April 7, 2016 Question: Do you watch Time &#038; Sales? And is there any benefit to it? Video duration: 3min 13sec Time &#038; Sales no benefit There\u2019s totally zero benefit to it! Also, a lot of Time &#038; Sales is garbage. TradeStation, if you\u2019re looking [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"shadow","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[159],"tags":[],"class_list":{"0":"post-59977","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-ask-al","7":"entry","8":"has-post-thumbnail","9":"override"},"featured_image_src":null,"author_info":{"display_name":"BTC Admin","author_link":"https:\/\/www.brookstradingcourse.com\/es\/author\/richardhk\/"},"_links":{"self":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/59977","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/comments?post=59977"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/59977\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=59977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=59977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=59977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}