Traders Laboratory - View Single Post - Pit Noise: Trading with an Edge
View Single Post
  #15 (permalink)  
Old 04-07-2007, 12:22 PM
notouch's Avatar
notouch notouch is offline
notouch has no status.

 
Join Date: Jan 2007
Posts: 539
Thanks: 0
Thanked 3 Times in 3 Posts
Re: Pit Noise: Trading with an Edge

Ben doesn't make calls, he just reads out the bid, ask and trade prices and describes what's going on in the pit.

Pit noise is just a very imprecise way of measuring volume on the SP contract. You'd be better off looking at ES volume which is where all the liquidity is. Pit noise is not going to give you some secret, magical "edge" which other traders haven't discovered.

Reply With Quote