Great explanation! A few other points that may help some people: - If you place a limit order, that order shows up on LEVEL II - If you place a market order, that order shows up on the TIME AND SALES - Market orders get executed against, or matched with, limit orders - Limit orders are sometimes referred to as "resting orders" or "passive buyers/sellers" - Market orders are sometimes referred to as "aggressive orders" or "aggressive buying/selling" - If you Market BUY your order will hit a limit order which is "resting" on the ASK - If you Market SELL your order will hit a limit order which is "resting" on the BID
I kept hearing "level 2" and was not sure what it was .....NOW I KNOW :) yess it is a lot to take in but I believe when you say we will get better at it. T H A N K Y O U !!! for the explanation.
I didn't even know something like this existed. 😮😮 . Thank you for explaining it so clearly. It is crazy to think how your channel hasn't blown up yet.
Hi James Firstly thank you so much for these videos. They are extremely helpful as a beginner learning this trade. I'm literally in the initial stages so still getting accustomed to everything. Potential video idea if you're open to it: "The steps you took before you went to your week long mentorship" Before that seminar.... What did you learn and master + time frames you set yourself before attending ? What resources did you use to get yourself up to speed? If applicable, how long did you paper trade beforehand? What did your operational set up look like in those stages - computers + other equipment, SAAS you subscribed too? What were the costs for those initial stages? What did your days look like in these stage? Were you studying full time during the day then working a side gig or on your fashion business to supplement income? I'm sure a lot of subscribers new to this industry looking to emulate your footsteps may also be curious to learn this. Anyways my man, thank you so much for your content. Rowan
Great explanation of Level 2, especially the concept of acquiring a certain # of shares and what average price would you be able to sell it, based on the price gap. It makes me even more curious if there is historical daily data on the price gap to determine if it stays constant or is variable throughout the day.
Thank you for explaining not only what Level 2 is but how to read it for more precision trading. I just came across your channel from the YT gods. Great timing!
I'm actually learning a lot from you than 99% of the day trading videos on youtube. Are you planning to sell courses in the future? Thanks James for everything.
Excellent finally someone explains Level II in plain and simple english, thank you! Also what Level II are you using that has the total Bid and Ask shares boxes?
Why is it important to see the quantity of shares on the bid and ask for each exchange? Isn't it better to see the total of each price on a single line? Well, I don't even know if that is possible to do. I'm just trying to understand the importance of seeing the exchanges
Hey James good work ! I really like how you have set your monitors out, would you please share with us the brand of the monitors, and how you have multiple charts on one screens, are you using an app, or can you do this in Trading View ? Cheers !
How dependent would you say you are on level 2; could you get away with trading without it? If not, at times do you use it as an entry signal instead of a bar break and also use to cut before stops are even hit?
Yes the only difference would be that the limit orders will “limit” what you get filled based on the availability of shares, and market orders will fill you at any price available
Great explanation! A few other points that may help some people:
- If you place a limit order, that order shows up on LEVEL II
- If you place a market order, that order shows up on the TIME AND SALES
- Market orders get executed against, or matched with, limit orders
- Limit orders are sometimes referred to as "resting orders" or "passive buyers/sellers"
- Market orders are sometimes referred to as "aggressive orders" or "aggressive buying/selling"
- If you Market BUY your order will hit a limit order which is "resting" on the ASK
- If you Market SELL your order will hit a limit order which is "resting" on the BID
Thank you brother .
One of the most concise and efficient telling of the use of Level II... Thank you!
Great to hear!
Your channel definitely deserves more subscribers. Thanks for sharing!
Thanks Harv! That means a lot 😃
I kept hearing "level 2" and was not sure what it was .....NOW I KNOW :) yess it is a lot to take in but I believe when you say we will get better at it. T H A N K Y O U !!! for the explanation.
I need to watch again...possibly more, this went right over my heard...it's the simplest I've found yet, but, super newbie here.
You're fast becoming a legend to me as I watch all your videos. Thank you.
best explanation of Level 2 on RUclips, by far. thank you
I didn't even know something like this existed. 😮😮 . Thank you for explaining it so clearly. It is crazy to think how your channel hasn't blown up yet.
Wow Great job with this explanation James. Probably the most simplest and easiest to understand explanation I have come across. Thank You
Hi James
Firstly thank you so much for these videos. They are extremely helpful as a beginner learning this trade. I'm literally in the initial stages so still getting accustomed to everything. Potential video idea if you're open to it: "The steps you took before you went to your week long mentorship"
Before that seminar....
What did you learn and master + time frames you set yourself before attending ?
What resources did you use to get yourself up to speed?
If applicable, how long did you paper trade beforehand?
What did your operational set up look like in those stages - computers + other equipment, SAAS you subscribed too?
What were the costs for those initial stages?
What did your days look like in these stage? Were you studying full time during the day then working a side gig or on your fashion business to supplement income?
I'm sure a lot of subscribers new to this industry looking to emulate your footsteps may also be curious to learn this. Anyways my man, thank you so much for your content. Rowan
Great explanation of Level 2, especially the concept of acquiring a certain # of shares and what average price would you be able to sell it, based on the price gap. It makes me even more curious if there is historical daily data on the price gap to determine if it stays constant or is variable throughout the day.
Well done. I received your teachings 100%.
Thank you for explaining not only what Level 2 is but how to read it for more precision trading. I just came across your channel from the YT gods. Great timing!
The best so far since .i am a biginner in the field
Thank you!
The best life applicable example of Level II explanantion I have seen. Waiting on your Coaching videos, ready to pay for 1:1 if necessary.
Thanks Morris!
Thank you for the very clear and concise way you manage to relay information. Super helpful and much appreciated.
Great explanation. Thank you James
Thank you for sharing this info!!!!!
Thank you for watching!🙂
Liking the structured way you explain things!
Great tutorial.
Thank you for the break down. Very informative and helpful.
That is so crystal clear its the perfection ! Can you make a video and explain us the concept of scalping on level two please ?
Thank You
I found the answers in some of your videos , thanks James !
I'm actually learning a lot from you than 99% of the day trading videos on youtube. Are you planning to sell courses in the future? Thanks James for everything.
Very good explanation
Great content and very easy to understand. Thank you for the knowledge.
Excellent finally someone explains Level II in plain and simple english, thank you! Also what Level II are you using that has the total Bid and Ask shares boxes?
Why is it important to see the quantity of shares on the bid and ask for each exchange? Isn't it better to see the total of each price on a single line? Well, I don't even know if that is possible to do. I'm just trying to understand the importance of seeing the exchanges
When you started out what Level 2 did you use? Is Sterling worth it for a beginner? Love your content man. Keep it coming
Your videos are amazing. I hope to be where you are one day
Awesome video, thanks James!
🙌
I use bookmap it’s the best for visual imo
Another great video!
Hey James good work ! I really like how you have set your monitors out, would you please share with us the brand of the monitors, and how you have multiple charts on one screens, are you using an app, or can you do this in Trading View ? Cheers !
James, we got the "beginners" video for reading Level 2. It is time for the "advanced" video for reading Level 2 🙂
How dependent would you say you are on level 2; could you get away with trading without it? If not, at times do you use it as an entry signal instead of a bar break and also use to cut before stops are even hit?
Awesome content.
Nailed it 🔥
THANKS FOR THE VIDEO.
Can i get Level 2 window on mt5?
Thanks for watching! I'm not familiar with the mt5 platform but check out their depth of market tool.
Great Content 👍🏿👍🏿👍🏿👍🏿👍🏿
Thank you James! Do u recommend any literature on level 2 / time and sales ?
does time and sales and level 2 data matter if you're using limit orders instead of market orders?
Yes the only difference would be that the limit orders will “limit” what you get filled based on the availability of shares, and market orders will fill you at any price available
What’s up man what platform are you using on the level 2?
hey Freddie I use Sterling for my level 2s
Is reading level 2 essential to trading successfully?
What platform was this L2 from?
DAS Trader Pro
@@AneurisRivas that is not das trader. Unless he’s on some super old ass version, I use das on a daily basis
@@Augie.. You are incorrect because that is Das Trader Pro, I use it on a daily basis as well
@@AneurisRivas did they update the UI or something? I must be on an older version or something
@@Augie.. Honestly, Das has been having this UI for a while. You must have a very old version of it or a different platform all together.