I want to know, after reading many posts about your Level IIs, how powerful are they that you have. I.e what can you see, how can you use it?
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How Powerful is your level II
- Thread starter SitrusTrader
- Start date
Ironic that CyberTrader is sponsoring this thread but I use CyberX2 and get full ECN books on BRUT, ISLD/INCA (now INET), and ARCA, plus all market makers and can click on the one I want that hit buy or sell. I could not live without it!!
Also get streaming Level 2 for all 5 options exchanges. As I trade mostly options that is very nice.
Cheers
Also get streaming Level 2 for all 5 options exchanges. As I trade mostly options that is very nice.
Cheers
Quote from TorontoTrader2:
Ironic that CyberTrader is sponsoring this thread but I use CyberX2 and get full ECN books on BRUT, ISLD/INCA (now INET), and ARCA, plus all market makers and can click on the one I want that hit buy or sell. I could not live without it!!
Also get streaming Level 2 for all 5 options exchanges. As I trade mostly options that is very nice.
Cheers
That's exactly how i feel
My level 2 is all powerful, it has all these nice moving colors , with all those MM symbols, makes me think I am one of them. I can't help but stare at it. I click on any color and bam I made a trade ! I can't help but click on these nice colors, I like the yellow and the green, it's a change from all the usual red .
I've used Cyber and several other firms in the past. Currently I use the DAS software offered by Realfasttrader.com and it is very good and user friendly. Good execution speed and has all the Level 2 quotes, charting and other bells & whistles that I need.
The Level 2 has the INCA, ISLD, BRUT and ARCA books built in, along with the regular Level 2 market maker and exchange info.
I attached a screen shot I had taken for those interested to see how level 2 looks with all the books in there.
The Level 2 has the INCA, ISLD, BRUT and ARCA books built in, along with the regular Level 2 market maker and exchange info.
I attached a screen shot I had taken for those interested to see how level 2 looks with all the books in there.
Attachments
I like level II for playing breakouts on minute by minute chart patterns. If you understand Market maker traps then you can Scalp or make a quick few cents on stocks several times a day.
My level II only has Market makers on it so I can see if there is a MM trap to profit from. I also havea Island book open so I can see other big orders which would act as support or resistance.
My level II only has Market makers on it so I can see if there is a MM trap to profit from. I also havea Island book open so I can see other big orders which would act as support or resistance.
I noticed that the last post was on 2004.
While I was in the chat room a few months ago, I remember someone commenting that shadowing the Ax is "old school" (not the exact words but the general idea on how I received the comment).
I'm just wondering how powerful a Market Maker Trap is for traders these days (2007)?
While I was in the chat room a few months ago, I remember someone commenting that shadowing the Ax is "old school" (not the exact words but the general idea on how I received the comment).
I'm just wondering how powerful a Market Maker Trap is for traders these days (2007)?