excuse my ignorance, but what is the difference between market depth data and L2 data. I see I can receive both from my IB account (if I subscribe).
I follow the dax futures with a find the trend/ buy the dips strategy, which I'm pretty happy with. If I get caught, its usually finding the bottom of the dip... I watch for the short term o/s, watch for the next candle, and act. Most times this is fine, but sometimes there will be another downleg. And at 25 euros a point, I'm not long in exiting at a loss. I would love to find something to help in this situation.
I suppose what I am asking is, I'm pretty happy with my chart and couple of indicators, but would market data/L2 help, but without giving me info-overload. I don't want tio change my total approach but would be happy to compliment it with market data, if it would benefit me.
Nice articles Malcolm and compliments to Naz on your many articles.