[torero]

My opinion is level 2 is just as unreliable on stocks and futures as it is in forex, lots of head game as well. I don't even look at level 2 for either market, only charts and Time and Sales for futures (more reliable because it recorded all the transactions instead of likely transactions). Unfortunately, forex has no time and sales nor volume, so only charts and a few indicators (pivots, fibs, S/R) are the only tools I use. But then again, most if not all forex traders have no access to T&S nor volume either.