Does Level 3 exist?

Discussion in 'Trading' started by Mango_cabango, May 27, 2011.

  1. Hi,

    Does anyone know if market makers or specialist could see hidden order or S-Stops?

    Because when I trade it seems like somebody knows? It always gets to my S- stop first and then goes my way.

    And when I put a big hidden orders nobody touches that price but as soon as I cancel the hidden order it starts to print.
  2. JM1987


    no level 3, but you can have access to the NSDQ book to see the orders on that gateway, not sure about the others
  3. LeeD


    Level 3 exists... but it's not the ability to see stop orders.

    A number of market participants just know from experience and psychology where typical stop orders are clustered: just below support/above resistance, just below a trendline etc.

    If you see this as a problem, think of where you would put a stop and move it a few ticks further.
  4. Bob111


    subscribers of the Level 3 can see what subscribers of the level 1 and 2 are doing.
    Yes, You Are Being Watched! don't browse porn from same PC :p
  5. Level 4 allows access to banking account info and passwords for other users, and capabilities for unauthorized wire transfers to numbered accounts in tax havens, that are systematically closed the day after the debit to the target account has been executed.

    Level 5 allows you to electrocute any user you do not like anytime he approaches within 3 feet of his laptop.

    Level 6 is the same as level 5 more or less, but includes disposing of the body before the police gets there.
  6. Bob111


    Level 4 allows access to banking account info and passwords subscribers of level 1,2 and 3 :p
  7. A much better idea is not to take trades that put your stop at a vulnerable point at all. Instead, join the fun and help move price there and let the stops execute into you.
  8. piezoe


  9. LeeD


    I wish that was as easy to do as it is to say!

    However, the good point is one doesn't have to wait for the stop to be hit to exit a trade.
  10. Messi007

    Messi007 Guest