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where i'm entering is very important. where i'm entering influences what is entered into the market... influences what i see when reading the order-flow. context is king. that perfect entry based on what i'm seeing in the order-flow could easily, rapidly be proven wrong if i'm not trading in the right area.
"reading" the order-flow has mainly been useful for managing a trade. exiting is pretty simple - either at a target or stopping myself out when it looks like my entry/idea or both are wrong (opposing force "gripping" the prices against my entry). when entering, i just ensure i am trading at an important area and then i wait for a "pause" and that's really all i need and i'm in.
You see a big print at ask,like say 50,000 traded at ask in a single shot.It means that there was a huge offer at ask-and that was traded against market order to buy 50,000.Now choose the correct answer(s):
1. The offer is coming from a single trader and the mkt order is also coming from another single trader.
2. The offer is coming from a single trader and the mkt order is coming from multiple traders.
3. The offer is coming from multiple traders and the mkt order is also coming from multiple traders.
4. The offer is coming from multiple traders and the mkt order is coming from a single trader.
A market order can be considered as an order that demands liquidity and a limit order is one that provides liquidity.
So in my opinion, there can't be any other alternative to the fact that a time and sales print definitely involves a market order in it (along with a limit order from the opposite side).
hey what happened to that dudes videos? they seem to have been deleted! omg! he must not be able to share trade secrets! lol!
hey has anyone made an opensource version of the "accumulated tape indicator" that jigsaw trading has produced. this is similar to what is done on the X_trader DOM, however jigsaw prints this on a tape rather than on the execution screen.
thanks gang, i tried to start a tape discussion on here more than a year ago and it didn't catch, glad to see one taking hold.
you are still searching for in stone carved rules aren't you?
An algorithm is by definiton a method expressed as a finite list of instructions. Although a finite list, there are myriads of configurations and the list is also not confined.
Your question is like asking about a book of rules regarding a tell in behavior of professional poker players.
All of you will say that we shd study the time and sales to find out supply demand relations. BUT WHAT IS THAT? Can any of you pls break up that phrase into something more understandable??
What are we looking for while we are looking at the time and sales? Are we trying to find out what the institutions are doing? Or we are trying to find out the prices where large limit orders exist? Or anything else?
And more importantly, how are we going to do that?????
Is there anyone who is willing to share his knowledge instead of writing one-liner jokes?
