So what exactly moves the market again? | Traders Hideout - futures trading strategies, market news, trading charts and platforms

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So what exactly moves the market again?

  #17 (permalink)

W.Coast, USA.
Trading Experience: Intermediate
Platform: Anything
Favorite Futures: Emini
Posts: 54 since Jul 2017
Thanks: 13 given, 35 received

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##"Markets move up when their are no sellers left at the ask price##

Something is wrong I think here. If there are no limit sellers (offers sitting above the market price) then there is no way market moves up. On the other hand if at a level there are no aggressive sellers meaning there is no one to sell with market order then there is no way market moves lower. Is there a possibility the statement that you read is meant to repfair to other matter or you didn't understood it well ? Because as you write it... it makes no sense.

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If there are no bids (limit or market), sellers will move their ask price lower.

If there are no asks (limit or market), buyers will move their bid price higher.

If there are no market orders (bid or ask) and no limit orders that crossed the spread, then the market will stay frozen.

Do correct me if I'm wrong.

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