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I know some folks who have used and it seems to help so that's great, but for me I think it is distracting. Especially if you are trading a system you developed and backtest and have put into live action. If you "start taking positions" or "not taking positions" or based on the audio, then you are not sticking to your setups and sort of flyng by the seat of your pants IMO. After all your backtesting did not consider the audio. I mean maybe I should try hooking the audio output up to an audio meter and start testing to see at what decibel levels price starts to react and I could come up with a setup from it hahaha.  |
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I intend to try and use it when I get to trade full time. I can't run squawk at work and expect to get a check there. LOL
I don't intend to really use squawk to get in a trade though it could be used for confirmation of the pressure of the direction/reversal I suppose. I think I would use it more for knowing when a pullback might be turning into a rollover and when to exit. And also at key levels I would try and note the volume level from the action much like the tape is used.
This all in theory as I haven't applied it yet so anything could happen, but I will give it a try. I think it's like any other market tool, you just have to learn how to filter it but the noise levels are showing raw emotions IMO.
If it's not useful I'll be glad to save that $75 per month anyhow.