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EOT Automated System

  #26 (permalink)

Market Wizard
Columbus, OH
Trading Experience: None
Platform: NT 8, TOS
Favorite Futures: ES
Silvester17's Avatar
Posts: 3,467 since Aug 2009
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roonius View Post
My apologies - I did not mean to offend anyone.
My point is strictly that "large blocks" absolutely does not mean a SINGLE trade

It only tells you, that there is a pressure.
Your fine black line in panel 2 ABSOLUTELY does not mean "trades bigger than 100 contracts",
it only means that volume was 100 contracts or more from trades which occured at the same price and were at bid or at ask consequently within predetermined period of time.
It could be 100 single contract trades, or 1 trade of 100 contracts or 4 trades 25 contracts each.

In any case it shows buying or selling pressure and your indicator "predicted" the upmove.

On my chart sometimes Moving Averages crossover predicts that too.:yield:

sorry can't agree to that.

cme does not bundle trades together. on my chart those are "trades bigger than 100 contracts". checked it with time and sales. if it would be the way you say, it would be a much bigger value.

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