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livingston's class
- Thread starter livingston1
- Start date
Quote from FastandFurious:
see that's the difference. For the scalper, the openbook and level II is very useful where as the level I is not so much. If there's a market short by an institutional order, I can see what price level he is at. When the ECNs on level II walks to the other side, it warns me that the size may be printed all in one shot now, and look to get out. But that's scalping where I can about 1 minute or 2 that I'm in the market where you are in the market all day.
banded prints are prints that are not in the currently new york spread.
u cannot rely on the open books prints, if i want to sell heavely a stock not in a million years i place my order for all to see and i am a small fish man, do u think institutions would do it? all those prints u see have no significance whatsoever, u might make money on your decisions but that's not because those orders told u the tale, just no way.
Quote from Bitstream:
u cannot rely on the open books prints, if i want to sell heavely a stock not in a million years i place my order for all to see and i am a small fish man, do u think institutions would do it? all those prints u see have no significance whatsoever, u might make money on your decisions but that's not because those orders told u the tale, just no way.
you will see size in the open book, and the size I see are "market shorts" where they keep stepping down until they get filled. Of course, I don't jump on any size just because there is size, I have to see it is aggressively stepping down, and keep getting bigger.