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Strategies & Market Trends : Level II Trading -- Ignore unavailable to you. Want to Upgrade?


To: bruce bell who wrote (1061)11/1/1999 2:40:00 AM
From: Rod Anderson  Read Replies (2) | Respond to of 1086
 
Top of the line???? After reading the posts I can not believe that anyone would think that that Qcharts even comes close to RT111 (I have used spcomstock for 3 years).
Is it me or is the L2 setup with the ask on top of the bid instead on beside it awkward and unnatural. I would love to see some challenge to Townsend Anal. but nothing comes close yet (PCquote is a distant second).
L2 when combined with time of sales is mandatory to my style of trading. When used properly, it can establish entry and exit points and the velocity which these points occur with far greater accuracy than charts(especially trading IPO's). However, L2 reading is a skill that takes ALOT of time and experience to be proficient at (this in response to ppl who claim L2 is worthless and a mm tool of deception).
Sorry to ramble and needless to say this applies only to non-broker related L2 systems.

Wishing everyone profitable trading,
Rod