[Ants88]

Using TradersAudio is the only way to understand what the pit is doing in real time, just watch the videos; http://www.youtube.com/tradersaudio.

[bakrob99]

Originally Posted by Ants88 »

Using TradersAudio is the only way to understand what the pit is doing in real time, just watch the videos; http://www.youtube.com/tradersaudio.

I had it for a year ... I don't miss it.

[Hlm]

I personally would never use it for entries/exits, but in my opinion TradersAudio does a good job at helping one learn how to actually read the tape and the natural flow of the market. Trying to learn by strictly watching a chart can be difficult for many. Having someone on the floor telling you what moves are cause by the locals versus the paper and where they are pushing or stuck while watching live on the chart can be extremely helpful to some. It helps the concept of price discovery sink in as the locals push to the extremes of the current value looking for interest (paper) and to see what happens when they do and don't find it. Like anything, it depends on where you are in your development, personality, and style. However, I do agree that one should be very careful at actually using it to trade. I view it more as an educational service.

[Ants88]

I know my trading has improved listening to Ben's squawk at TradersAudio.com. If you visit the pit, like I did a few weeks ago, you know the importance of the broadcast and how many trades the squawk and the pit gives you.

For example; if the Locals are stuck short and the ES begins to rally, it is only a matter of seconds before the Locals either buy in the pit or buy the ES. That information is worth the few dollars a month for the service.

Plus the squawk keeps us aware of Fed meetings and Economic reports every trading day, every trading minute.

[bakrob99]

Originally Posted by Ants88 »

I know my trading has improved listening to Ben's squawk at TradersAudio.com. If you visit the pit, like I did a few weeks ago, you know the importance of the broadcast and how many trades the squawk and the pit gives you.

For example; if the Locals are stuck short and the ES begins to rally, it is only a matter of seconds before the Locals either buy in the pit or buy the ES. That information is worth the few dollars a month for the service.

Plus the squawk keeps us aware of Fed meetings and Economic reports every trading day, every trading minute.

For me, its not the good signals it gives - but the amount of noise in between.