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Any Good Books on Order Flow

  #10 (permalink)

Germany
 
Trading Experience: Intermediate
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Favorite Futures: ES, YM, 6E
 
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DionysusToast View Post
I would disagree that the market is like a regular auction.

Most of the trades are speculation, people trying to guess what everyone else is doing.

Exactly.

And that's also why the average trades are so small - ES ~4, NQ ~1.6, YM ~1.4 contracts per trade at the moment all
day long during the RTH. Most orders simply exist in order to "ping" the market and find out if a minimal increment
triggers a move or not.

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