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Nice to hear that. As our country does not publish Level 2, this is what that I have to learn. Any way, I am totally clueless on how to use the T&S. How should I start reading T&S? Can we discuss these things in a detailed way so that we can formulate a workable way of using the T&S?
Do I have to have a knowledge of the common trading algorithms used by the big players to buy and sell?
What does it mean when there is a HUGE best offer and the market eats it and then drops like 10 ticks? Like your were talking about, if the Huge Offer gets eaten and goes up it means that the Pros ate it. If It gets eaten and drops it means the public ate it and Pros were on the limit?
Heres a quote from a good pdf: " One story is that on Oct 19, 1987, market makers stopped
providing liquidity after they ran out of capital.
Price impact rose as liquidity dried up.
Grossman and Miller (p. 632) “On the futures exchange, order flows that might have moved the market by at most a tick
or two the week before were moving the market by 10 or 20
times that amount.”
"In a stock market crash, all stocks become more illiquid
and fall, but generally Treasury bonds rise."
Does anyone have a dual time and sales for ninja. I ask ninja and searched their forum with no luck. i would like to have 1 window for buy and the second for sell. ninja say's it's in the works but no time line. Thanks