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What is tape reading ??

  #30 (permalink)

Springfield, MO/USA
 
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The only fluctuations that you can see when no orders are executed would be limit orders either being added or being pulled from the bid or offer. Such scenario seen on a DOM provides the illusion of price movement, but that does not affect price action per se. It's only at the next trade (i.e. the next order) that you will see the effects of the above.

Say it's NFP time, and it's 5 seconds before the data release. What you would see quite often on 6E is the spread between bid and ask widening considerably. But the chart is not moving because there are no orders being executed.

Sounds like inside bid/offer being confused with last price. The inside bid or offer can change without any trades being executed. But last price is by definition a trade that was made between a buyer and seller.

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