The more and more i trade intraday, the more i see common things happening on the order book. Right now this is done purely on a discretionary basis. Excuse me for sounding like a "newb" but i think theres a lot of value and alpha for one to take out of an order book and order flow analysis. Does any one trade like this? I want to open up this thread to the community
It looks like poker player is letting you see their hand - this comment is just to keep things in proper perspective about the value of information placed in order book.
Forsure! Ive never done it. I trade with IB and i'm sure i could pay to get access to it but do some people drive an edge from analyzing the order book?
Looks pretty cool MAESTRO, Everything i've read from you on ET has been nothing but quality - do you use that in your trading or know of people who do?
Lots of pros using it. Citi, Cantor Fitzgerald, Arrow-Capital, Optima, W.D. Latimer and many others. I trade with it every single day for my personal account and our company money. MAESTRO
That should keep ya busy Reading the Specialist. http://www.elitetrader.com/vb/showthread.php?s=&threadid=3282&perpage=6&pagenumber=1 TAPE READING (chat room cont.) http://www.elitetrader.com/vb/showt...73&perpage=6&highlight=live chat&pagenumber=1 http://www.jigsawtrading.com/learn-to-trade/free-lessons/ http://www.nobsdaytrading.com/ http://www.simplicitytradinghost.com/Webinars/2009-11-24/Flash/2009-11-24_DOM_and_Homework.html