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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: YxY who wrote (10389)	7/22/2002 11:26:54 PM
From: aldrums	Read Replies (2) \| Respond to of 12617

I trade the e-mini SPs and I enjoy using the e-mini SP order book as a way to read the tape, it is just my preference. I also I use the J-trader software through elocal.com. You can download free demos of J-Trader at a lot of different places on the internet. With the e-mini SP or Nasdaq you get the "Best Five", the best five bids and the best five offers, and they are REAL. None of that Nasdaq B.S. If you try it, you will love it, it is so much easier. The J-trader order book allows you to see the bids and offers AND Executions all on one orderbook screen, and you can 1 click to Buy, Bid, Cancel, Offer, and sell. I also use two Time and Sales tickers (with e-signal) in conjunction with the orderbook, with varying filters depending on how heavy the volume is. (MASSIVE LATELY!) But I do look at the J-trader order book most of the time, I use the Time and Sales tickers mainly to see if the size I see at the bid and offer is being executed or cancelled. There are a lot of fakeouts, but also, you have to realize that execution on the e-minis is almost instantaneous. If an institution puts out a big bid or offer anywhere near the prevailing price they always run the risk of it being executed before they can cancel the order. Cheers, Alex