Recent content by richarjl

Thanks for the link to the LSE paper. I had a look at the info about the iceberg orders and the tranching system. I was previously aware of the fill or kill, execute and eliminate, limit and at best orders that went via SETS. I have not yet had a chance to really think about this knowledge and...

Very interesting. I had a chat with IG Markets about their direct access platform but I immediately noticed that the .25% charge could negate the benefit of getting inside the spread. The level 11 data they provide was free and they stated that a 3 - 5k deposit is whats needed to get going. I...

Do you still use the level 11 system for your trading or was it not that useful in the end?

When I look at the order book for a stock such as MONI then I find the level 11 data pretty unhelpful in a slow and inactive market. The spread is very wide and the volume on the book is very thin. I would not know what way to trade in such circumstances. I normally wait for some movement before...

Thanks for the reply. I have had a think about using a direct access system. I might look into IG Markets ' Dealer Package'. This should allow me to trade inside the spread. I had a go at paper trading today as if I was using a direct access system on BP. It seemed that trading inside the...

Very interesting. Thanks for the reply. When ARM was selling off on Monday did you find that the order book was clear enough for you to actually short this stock from 90 to a low of about 82? I have often found that when a stock is really moving down on high volume, for example SHELL...

Thanks for the reply. I have never worked in a city trading environment so all the experience that I gain is via books etc and from my own experiences trading with my own capital. I only get to speak to one or two other traders and they are in the same situation as me. When I subscribed to LEVEL...

I am a bit puzzled why I did not get any replies. Would anyone like to discuss whether the use of SETS level 11 is that helpful to them?

deal4free I had a chat with as deal4free trader the other day about the situation whereby the stop has been activated but my executed trades blotter does not show the stopped trade as being processed. He stated that I am free to cancel this stop only if the following criteria are all met. A...

I trade my spreadbetting via deal 4 free. They administer there stops like this. If i bet at £5 per point that is equal to 500 shares. If I am short then I place a buy stop to close and thus limit my risk. If I sell short at £5 at say £4 per share and place a stop at £4.20 then they appear to...

I have used level 11 in the UK spreadbetting UK ftse-100 stocks etc. I am new to the site but it seems that most of the threads are regarding level 11 tailored for US use. The level 11 platform that I use is supplied by ADVFN. I would be interested to hear from anyone who trades the UK via the...