the locals (sp?) are the marketmakers....in the pit of the
CBOE
there are locals and paper. If the locals are
long going into closing.. they usually want to
unload. I was short the /ym at closing and
made 14ticks. I listen to the pit noice
while I am trading futures
I listen to the "play by play" buy BEN in the pit over the
internet. He is the guy from traders audio that
makes appearences on CNBC. I get the service free from
my broker.
Please pass this on to anyone you think may be interested in
trying this broadcast.
S&P Pit Talk is a boiled down version of our
already extremely popular SP 500
Squawk BoxAudio. Ben Lichtenstein provides live action as it
develops without all the streaming price activity of the other
squawk products.
Hear the actual players as the execute orders in
the pit, find out how the market is reacting to the activity, and
learn key information essential to make educated trading
decisions.
We provide you with the information you need
about the markets you trade.
locals are long into the close
Posted by zach06 on 14th of Feb 2011 at 03:57 pm
Locals are long futures.... probably selling into close
What do you mean by
Posted by hamvestor on 14th of Feb 2011 at 04:02 pm
What do you mean by "locals"?
locals
Posted by zach06 on 14th of Feb 2011 at 04:57 pm
the locals (sp?) are the marketmakers....in the pit of the CBOE
there are locals and paper. If the locals are long going into closing.. they usually want to unload. I was short the /ym at closing and made 14ticks. I listen to the pit noice while I am trading futures
Zach, How did you determine the
Posted by iwedat on 14th of Feb 2011 at 05:11 pm
Zach,
How did you determine the locals are long - where is that information coming from? And pit noise? If you're close to the floor forget the questions.
Cheers.
locals
Posted by zach06 on 14th of Feb 2011 at 05:13 pm
I listen to the "play by play" buy BEN in the pit over the internet. He is the guy from traders audio that makes appearences on CNBC. I get the service free from my broker.
Thanks mate. Looks like a
Posted by iwedat on 14th of Feb 2011 at 05:41 pm
Thanks mate. Looks like a very useful link.
FREE trial
Posted by zach06 on 14th of Feb 2011 at 06:51 pm
Here is free trial if you are interested and don't have a broker who already provides it.
Squawk
FREE TRIAL OPEN TO THE PUBLIC ALL WEEK!!!
Log In Here
User name: pittalk Password: squawk
Please pass this on to anyone you think may be interested in trying this broadcast.
S&P Pit Talk is a boiled down version of our already extremely popular SP 500 Squawk BoxAudio. Ben Lichtenstein provides live action as it develops without all the streaming price activity of the other squawk products.
Hear the actual players as the execute orders in the pit, find out how the market is reacting to the activity, and learn key information essential to make educated trading decisions.
We provide you with the information you need about the markets you trade.
.
Ben Lichtenstein
benl@tradersaudio.com
locals
Posted by philr on 14th of Feb 2011 at 05:24 pm
Zach - do you use TOS?
locals
Posted by zach06 on 14th of Feb 2011 at 05:29 pm
I have TOS. Its under marketcast chat room