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

To: Robert Graham who wrote (3210)	2/25/1998 9:54:00 PM
From: Cash	Respond to of 12617

Bob, "The Electronic Day Trader" may have a few pages of the info you're looking for, but when I read it, it was about 95% oriented toward "The Watcher" SOES system and how to make the most use of that. If you don't have a "Watcher", it will be confusing and not that useful... Unless they've changed it in the last year. Using Bid/Ask - in Level II, sometimes I've found it works, sometimes not. Cash

To: Robert Graham who wrote (3210)	2/25/1998 10:00:00 PM
From: Eric P	Respond to of 12617

Bob: I have read "The Electronic Day Trader". ==> Not particularly useful or interesting... Good Luck, -Eric

To: Robert Graham who wrote (3210)	2/25/1998 10:09:00 PM
From: ExCane	Read Replies (1) \| Respond to of 12617

Bob- You sound like a bright knowledgeable guy from all of your postings. You already have the answer to your question -"I find the price and volume action of the stock more indicative of future price action" . If you can do that, you don't need to Xray a level2 to clip 1/8's off the other traders or MM's. Trades mean 1000% more than the bid/ask, don't listen to the tickethouse "training" to hit the bid if a trade goes against you an 1/8, if you picked the right stock and time of entry, you can buy the scalper's stock by being the bid. Don't try that till you've watched for a while. Concentrate on trading, oh and thanks for cutting down on the length of your posts. -Alex