"Bank Flow" Trading - Resources?

Sorry man, not with them yet.

Have been looking into pros/cons of eSignal Vs Tradestation in anticipation of an 'upgrade'. (....I miss having L2 sometimes. Have it with equities.)

They told me this feature was an area they were very keen to improve on too. ...This was months ago. From my understanding they were using MBs data , but weren't necessarily going to hold back from adding other avenues/capability over time.

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metastock

oh we are friends now??? :

so if metastock is not a broker or marketmaker, where are they getting their quotes from? without a centralized exchange i would think the only option is to blend a variety of feeds from several market makers.

make sure you show us some screenies if you get signed up!

is no one else using this?!?

uh....maybe I am missing something, but wouldn't "market depth" just be the market you are in? as in if I am trading with GFT, then the "Level 2" I see is just the orders on their servers?

i might be wrong, but I think this is essentially the question.

as for futures, well that's a real market. it even has rules and such. lol

market depth only really exists in a market that is made by a group of market participants. most retail forex brokers (GFT included) simply pass through the price feeds of a bank or group of banks (plus a pip or two). thus, "Level II" doesn't really exist in the same sense. ECNs like EFX/MBT would have actual Level II data, but the majority of the liquidity around the current market price is the same type of institutional feeds that other retail brokers use anyway.

in the futures or equity markets however, the Level II represents actual limit orders from individuals in the marketplace. thus, it might more accurately reflect the general market's willingness to buy or sell a security a certain price.

yeah you can hardly call anything "level2" in forex. without a centralized exchange its really hard to get a sense for REAL weight behind the bid/ask.

wouldnt it be super cool if FF could gather up a bunch of brokers to create a "retail level2"? it wouldnt be perfect, but better than anything out there currently. i tried to convince FF management to get this project going, but i got the same answer i always get... "when we have time".

LOL

orderflow trading is based on intent and objectives of big firms.
finding a certain little number for every currency and then calculating ranges and tp based on an ALGO.

Level 2, AKA known as Market maker box. is intraday volume flow.
different....

there are sources out there. but still you need the algo.