Hello traders.
I had a doubt. I just wanted to confirm the fact that while scalping futures for 4-5 ticks, it doesn't make sense to make use of level 2 data comprising of bids and asks because the future's price is not affected by the orders placed, but is derived from the spot price of the instrument.
Am I correct about this?
I'm asking because a lot of people use level 2 for scalping futures and it just doesn't make sense to me.
Thank you.
I had a doubt. I just wanted to confirm the fact that while scalping futures for 4-5 ticks, it doesn't make sense to make use of level 2 data comprising of bids and asks because the future's price is not affected by the orders placed, but is derived from the spot price of the instrument.
Am I correct about this?
I'm asking because a lot of people use level 2 for scalping futures and it just doesn't make sense to me.
Thank you.
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