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    Chop vs. Trend

    Price is by definition historical, since it represents past transactions. It is one of many variables in a short-term trading decision
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    Up and down , how to locate?

    There are several scanning tools on the market. Features that you should look for are: (i) how many stocks can be scanned at once; (ii) whether the scanning parameters are customizable, and if so, for criteria that are important to you; and (iii) the freshness of the data processed by the...
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    ClearView--Business Intelligence for the Financial Markets

    the company offers a free trial. the client interface can be downloaded from the website.
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    ClearView--Business Intelligence for the Financial Markets

    Market ICE, LLC has announced the release of its flagship product, the ClearView™ Active Trading Platform, as the first to present real-time financial markets business intelligence. ClearView™ provides institutional and retail trading customers with high-resolution information delivery...
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    Chop vs. Trend

    being able to identify which type of market you are in, or changing to, is hard enough. Devising a trading system that works effectively in both types of markets represents a sound alternative.
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    Trying to figure out a platform to use

    Mr. Chan offers good advice. Other options include MB Trading for order execution and ClearView by Market ICE for scanning, charts, analytics and trade alerts.
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    Are Level II really needed today?

    Level II data is best source of info for immediate supply and demand, and thus very useful for short-term trading decisions.
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    Do markets have to be inefficient for you to capitalize on them?

    Delays in the availability and dissemination of information can lead to short-term inefficiencies. Much of the current charting and analytic software is burdened with such delays, using one-minute-old data.
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    Cheap Charting/quote Software

    ClearView has a free trial of its charting and quote software
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    Which scanning software?

    ClearView offers a variety of customizable scanning criteria, in addition to other benefits.
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    Look Ma, no indicators!!

    Transactions are indeed reflected in price. The source of future transactions is pending orders, which under exchange and NASD rules are firm. Imbalances between sell and buy orders cause the price for the next transaction to change. Otherwise, stocks, like shares offered in many IPOs and...
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    Look Ma, no indicators!!

    It appears we are close. When pending orders are posted in Level 2, they are firm orders, and a dealer is obligated to buy (or sell) at the given price, so long as a counterparty matches it. Assuming the absence of sudden total illiquidity, pending orders are a strong indication of future...
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    Average Pullback

    I would prefer to know future drivers of supply and demand (whether recent trades have been driven by a sell order or a buy order, and current volumes and levels of bid and ask quotes) rather than what some historic pullback ratios or averages might have been. An average might implicity...
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    Look Ma, no indicators!!

    Trading voulme influences liquidity, for sure, and to some extent prices, and changes in price influence momentum, but the future movement of the price is more strongly influenced by pending orders and whether recent orders (and thus prices) were driven more by sell orders than buy orders (or...
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    Look Ma, no indicators!!

    Many of the historic indicators have relied on price. It would make more sense to rely on an indicator that looks at supply and demand, as evidenced by most recent (< 1 minute) A/D ratios and by bid and ask quotes.
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