Order spoofing

[Soultrader]

	Quote:	dalby
	I have 10 too. Ime (limited as it is), I have found that the sizes on the bid/ask are bogus a great percentage of the time. It's mostly to try to fool people. I will look at the sizes as to where to place orders sometimes, but never to try to predict market direction. Tape doesn't lie. the order book does

Totally agree. I never trust those darn Level 2. Just once in a while you catch something interesting .

[cooter]

	Quote:	brownsfan019
	Soul - on my trading platform I have 10 levels deep on the YM. I understand that the CBOT offers 10, but some platforms only provide 5. Just an FYI in case that's of interest to anyone.

Actually the CBOT offers 15 levels deep; at least that's what I see from my broker on the Dow contracts and the US Treasury futures...

Interesting thing is that the TS matrix (or at least the T&S and charts) are actually faster than the order matrix from one of my brokers - go figure.

[brownsfan019]

It can get real interesting in premarket times on the indexes. Here was one example on the YM this morning.