Squawk Quiz - Exit Position - video 1

[MogTrader]

what does 5 1/2 bid at 6 mean? 755.50 bid, asking 756?

[MogTrader]

what does 40s do trade mean?

[MacManTV]

Very Cool Vid Ben...I've been listening to you for a good amount of time, and I would do just this daily. I'd record the squawk of each trading session; put a random trading day on my ipod and "paper trade" using your audio for hours on end....doing this made my trading improve ten fold...

[tradersaudio]

have any video or audio requests email me

benl @ tradersaudio . com

great hearing from you mac and get RRR'ed

[tradersaudio]

DW, the locals often go hunting for the stops, that is why the locals argue if their trade did not get hit on a high or low.

If you covered at 5.20 you get an A. The mood in the pit turned, the locals wanted to higher now. They continued buying all paper at the lows and offset when paper began buying.

Is there a certin type of video you would like to see?

[TradingWithAnEDGE]

Good example video Ben.

.

.

.

I updated today if you would like to to a look at my morning video

Thanks again.

[tradersaudio]

Again, nice trade Edge on your latest video.

[tradersaudio]

DW, how did you do on the quiz?

Place those stops and profit!

[DayWaiter]

Did pretty good,got worried then the pit noise dropped off around 3 bid and then price drifted up to4's,the increase in noise when MS started buying gave a good heads up and finally when MS paid up through 4 to5 20's then it was time to cover the short ,would of gotten a fill price of 5.20's .Ive noticed the volume spikes when stop orders are hit but didnt know that strategy was used in the pits,thought it was something mainly used in electronic contracts,preying on the 1-10lot e-mini traders

[tradersaudio]

DW, remember the locals trade the mini also. Part of Number One's strategy is to sell, sell, sell than offset in the mini quickly.

[DayWaiter]

Cheers Ben, very handy lesson,