Nyse Open Book ?

Discussion in 'Order Execution' started by chaos_trader, Apr 30, 2004.

  1. Singer

    Singer

    I use NYSE Open Book every day and consider it invaluable for my trading style. Everything everyone's said about it is true-- that it lags, freezes, and may not reflect the true book-- but it is very possible to learn how each specialist on a stock likes to use his open book, and thus very useful. Combined with a regular Level II and tape reading skills, I use NYOB to track microterm supports and resistances, to pick entries and exits, to figure out what side a stock's specialist is on...

    I think that the shorter the terms of your trades, the more useful Open Book will be to you.
     
    #31     May 17, 2004
  2. I agree its a useful tool also
     
    #32     May 18, 2004
  3. I agree its a useful tool also - It depends on a traders
    style how useful
     
    #33     May 18, 2004
  4. volente_00

    volente_00

    "the tool is only as good as the person using it"
     
    #34     May 18, 2004