I sometimes might trade some ES futures. But rarely these days. Still use the squawkbox though, wanna know the overall sentiment in the market. Still pretty busy in that pit there.Bez said:Do you still trade the ES Dave ??
I remember you saying you did from time to time with the aid of the squawk feed....The reason I ask is that the ES and for that matter the YM are very good for the type of pattern trading I think you describing..
dvdh said:Thanks a lot.
'That's right, I don't use LII anymore. Not saying it's completely useless. But I lost my edge with the ECN merger.
Kind regards,
-Dave
That's correct. I'm pretty sure Richard combines LII with his chart patterns! He'll be responding soon!vegas said:Thanks for the reply Dave.
The whole subject of the 'use' of L11 (or not) is very interesting. Indeed, this thread does contain contributors who like yourself were (or are) users, some of whom did indeed cite it's use as providing an 'edge' (I think you did mention several earlier).
Would be interested to hear from Richard, Pitbull, Gadgetman etc. if they do indeed still use L11, and/or have they found it's use in providing an edge has diminished or not.
Cheers,
Frank.
PitBull said:Hey Dave, how are you man? Sorry to hear of your set backs Dave. Keep your chin up, you will be back to your best in no time knowing your capabilities. I'll skype you later so we can chat, if thats OK.
Vegas, yes, L2 is still an important decision making tool for me in as much as risk evaluation, support and resistance, momentum and market participant behaviour. However, I tend not to watch every move on the L2 once my trade is running.
Keeping to the subject of NYSE stocks, NYSE completed it's Phase III rollout last week Wednesday, which means that all stocks on the NYSE should now operate more electronically and fills should be much quicker.
Phase IV of the Hybrid market began last Thursday. The main thing to be concerned with is the introduction of two new order types. The NYSE will introduce Immediate or Cancel (IOC) and Intermarket Sweep Orders (ISO). Check out this link for more information http://hybridtalk.nyse.com/
Safe and happy trading!
I'm working on it. I'll drop you an e-mail soon.Mr. Charts said:Dave, no-one can keep a good man down, especially one with your skills !
You'll be back pretty damn quick. Anytime you want to chat - pick up the phone.
I'll post more when I get time, but I use level2 T&S all the time and find it totally invaluable.
I do trade a little differently to dvdh for whose methods the mergers have been a problem.
An example of what I do in a scalping type trade can be seen on post #173 on this thread.
Dave you'll be back kicking ass in no time ;-) Guaranteed.
Richard
Opps TradesGrey1 said:Easy trading day .. Good run on AMZN after the hours .. Only small postions as I was coaching one of my families.