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Strategies & Market Trends : Level II Trading

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To: Dan Duchardt who wrote (136)2/9/1998 9:12:00 PM
From: Nazbuster  Read Replies (2) of 1086
 
Dan, thanks for the GREAT response. Not having the L2 screen in front of me, I have to rely on blow-by-blow words and you provided them! (I think many of the more advanced traders assume we have all been there, done that.)

I can see from the CyberTrader screen snapshots that you can see a good number of Bid/Ask entries and who posted them. You can also get a good sense of the backlog volume behind the best Bid/Ask. What exactly do you see when someone's buy/sell actually occurs? How do you know whether it went off at the Bid, Ask or in between? Does an entry simply disappear from the top of the queue? How do you know it was not cancelled?
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