Trading with level II and T&S

[Tasuki]

Turns out that an SWF file is a "Seattle Film Works" file. I downloaded Irfanview, but it didn't recognize the *.swf file, even though I made sure to check SWF during the download as one of the file types I wanted Irfanview to recognize. When I tried to manually open the file, I got the following error message: Can't load PlugIn: FLASH.DLL!
Please install or update PlugIns from IrfanView homepage!

Frankly, this is turning into a nightmare. Maybe the creator could recreate the file as something "normal" like an MPG file?

...edit: OK, finally got the PlugIns downloaded and installed, and SOMETHING is happening on the Irfanview window---there's a live shot of a Time and Sales and what looks like a matrix or something, and somebody's writing on it, BUT THERE'S NO SOUND!!!!!!!!!! Was there supposed to be sound? Because without it, the file is pretty much incomprehensible.

[torero]

.swf is the most compact format, .mov and .avi are large files, it may take a toll on the server and the streamer. Check with James on this.

P.S. in my post, I said I didn´t add sound because I didn´t have a mic at the time. I´ll add it in the next time I record it. Apologies.

[Tasuki]

Torero, I didn't know about SWF's compact format. That's cool, and it's OK, since we can just download the viewer (and its required plugins) for free. So, I guess that's not a problem.

My problem is that I know next to nothing about reading tape (except what I've picked up from Hubert Senters on Tradethemarkets.com), and absolutely nothing about comparing the matrix to the T&S, which sounds extremely interesting. You've obviously got some great insights here, but I'll be damned if I can figure them out. As the tape rolls, I can see you putting a box around green prices on the T&S (I presume you've got the colors set so that this means that the contracts were sold on the offer (default color is green for offer, red for bid, but you can change them in Tradestation). Then, I see you drawing an arrow going down, and indeed the price goes down. Now, forgive me for my utter ignorance, but usually if I see somebody or somebodies selling on the offer, the price usually goes up, not down. In your remarks on permalink #7, you actually describe this action as follows:

"When that same price turns to green, support is about to give, buyers have either abandoned that order or the sellers have stepped down to absorb that price level. Usually expect the price to move down."

Frankly, this is completely counterintuitive to me. Obviously, it worked, but I can't understand why--why would support give way when the price turns green. I don't know about how wheat trades, but on the ES, if you start seeing green, at least green with some size attached, price is in the process of going up, not down. Is the reverse action some peculiarity of the way wheat trades?

Does anybody else understand my confusion?

Torero, if you can explain this, please do. I think we'll all benefit. You've obviously got something really valuable here, but without an audio, I just can't figure it out.

...and Moses spake and he said, Thou shalt gird thy loins and travel to distant lands to purchase thyself a microphone, and there shall be rejoicing in the land of TradersLab.