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TurnaBuck
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Can someone explain exactly how to read level II. I look at it on tradersnation.com and I know it's delayed,but I don't quite understand it.IF everyone has a different ask and bid, what determines the price? And what does the different colors mean?

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Posts: 66 | From: Georgia | Registered: Aug 2003  |  IP: Logged | Report this post to a Moderator
Allstocks
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The colors are for contrast. The prices are what the MM are ofering to buy or sell at. The trades come to the prices as the price moves. If you put an order in that is not at the market it will be posted in the list you see till the price comes to you or you cancel it. If you put an order in at market it will sell or be bought at the first one on the buy or sell side.


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microdaytrader
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quote:
Originally posted by Allstocks:
The colors are for contrast. The prices are what the MM are ofering to buy or sell at. The trades come to the prices as the price moves. If you put an order in that is not at the market it will be posted in the list you see till the price comes to you or you cancel it. If you put an order in at market it will sell or be bought at the first one on the buy or sell side.



I COULD BE WRONG BUT I ALWAYS THOUGHT THAT THE COLORS WERE INDICATIVE OF THE 3 OR 5 BEST PRICES LIKELY TO MOVE??????


Posts: 339 | From: Seattle,WA, USA | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator
   

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