trades for 30th
Sorry not very clear. It shows trade of 4450 at 15 and the bid and offer was 14-16
yeah, realtime!
Proquote International
Well im your case you can't actually tell if it is a buy or sell because you dealt in the middle. Here is the screenshot of the level2 order book. Would normally be live/realtime.that is friggin awsome!!!! lol
so as soon as i BOUGHT, they got streamed down like that to people with systems like yours?
so you can see, what people are buying....and/or selling.....and spot opportunities like that.....
IS THIS CALLED LEVEL2 PRICING SYSTEM?
all i can see on selftrade is the LAST 5 trades, the price and the quanity (does not say if it was buy or sell)...and just the volume bar graph of overall volume traded.......
Well im your case you can't actually tell if it is a buy or sell because you dealt in the middle. Here is the screenshot of the level2 order book. Would normally be live/realtime.
No. I think it just means that price is higher (green) or lower (red) than the last trade. No one knows if they are buys or sells.the up pointing arrow does not mean bought?
and down pointing arrow does not mean sold?
so the only way you can tell if its buy or sell is matching up the bid and ask prices?
IS THIS CALLED LEVEL2 PRICING SYSTEM?
No. I think it just means that price is higher (green) or lower (red) than the last trade. No one knows if they are buys or sells.
Yes, that's level2. Normally the yellow strip shows the "touch" (best bid and cheapest offer)
so Level2 pricing, you cant see if a random trade is a buy or sell?
hang on a minute...EACH TRADE IS A BUY AND A SELL, ISNT IT?
but there should be a way to tell if buyers are more dominant ..... if people are buying more often than selling........
(you didnt answer your private message)
"Each trade is a buy and a sell"; or a sell and a buy??
If the price is trending upwards you can assume the prices nearer the offer are buys and nearer the bid sells.
so all level2 pricing just shows you the trade as in price executed and volume, right?
it cant show you if it was instigated by a buyer or a seller.....right?
but each trade is a buy AND a sell..... when you see a trade, what do you assume? just gotta look at the big picture, spread, etc and presume...?
do you look at recent trading histroy, when making your trades?
As I say, if you look at your trade you cannot tell if it is a buy or a sell, can you?
If I am interested in a share I will look at volume and maybe follow that. Sometimes you find the spread closes up just before a change of direction. It's a lot of things added together (and then I can still be wrong!)
A wide spread usually means there is not much activity (the MMs need a wider spread to make money on little volume). As the volume picks up they can narrow the spread (maybe to encourage trading) as they are making money on more trades.
It is more useful looking at trades of say 100000 at 15p (£15000) as this looks more like professionals rather than 4450 @ 15p