[highlight=darkred]It's only fair to add the following comments about my observations:[/highlight]
Beginning of Sunday has widened spreads, and probably depending on your broker is when the spreads decrease to 'normal'. But I think still could be trade-able.
One would still have to worry about consolidations around the sensor, so overtrading rules would need to be in place.
Breakaways from the level sensor are not always going to be this nice (i.e. the above-mentioned consolidations) but the nature of the tool probably makes for a good measurement of where you can start your [s]fight [/s] trading perspective
In previous weeks of me watching Level Sensor, I got new levels at a fairly good pace; it was giving me a new focal point after price made movements. The last few days are interesting in that on both the H4 and M90, no new Levels were being made. (Of course, I know, we were in a ridiculously strong downtrend.) So definitely other entry methods are necessary (Unless you feel comfortable only trading AWAY from the line regardless of how far it is.)
NOTE: I'm not really paying attention to the M30 Level Sensor, but feel free to make your own observations if you wish.
5/4, End of Tuesday
5/5, End of Wednesday
5/6, End of Thursday