Explaining the Basics Of Time & Sales

What is this Screenshot?

1. This is a snapshot of NinjaTrader's Time and Sales Window
2. Each Trade is 'printed' or displayed along with a time stamp, price traded and # contracts
3. Above that at the top it shows that we are displaying trades for the ES 12-11 contract, which is the S&P E-mini December-2011 contract
4. Also in the top section it shows then then (at the moment this screenshot was taken) that the Best Ask price was 1192.00 and there were 134 resting orders to sell at that price, and the Best Bid was at 1191.75 and there were 226 resting buy limit orders at that price

Why is This Important?

1. The same data feed that provides this data also drives the Elephant Tracker indicator so if you can create a T&S window in Ninja you should be able to use the Elephant Tracker indicator
2. More importantly, this is the digital equivalent to "the tape" and we have found that by consistently watching the T&S window's speed of 'prints' you can develop a 6th sense about the market at that moment in time.
3. This takes time but you'll be surprised how much 'feel' you get from having this on your 'radar' during the live trading.
4. For more information on how to set this up in NinjaTrader 7, go here:  and then search for  "Time and Sales"

Futures, foreign currency and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. 
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CFTC Rules 4.41 - Hypothetical or Simulated performance results have certain limitations, unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.