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Huge Volume no Price Change

  #6 (permalink)

Chicago, IL
 
Trading Experience: Intermediate
Platform: SierraChart
Favorite Futures: /ES /CL
 
Posts: 15 since Mar 2018
Thanks: 4 given, 20 received

Most likely institutional block trades. Typically you will see absorption at 2-3 price levels both above and below the bid and ask price with large buying or selling at ask or bid, this sometimes can be a good indicator of the short term direction, typically you would want to see >500+ trades in the direction you are aiming at (long or short) at the price levels near the bid/ask spread in order for the price to move, this just my opinion but it does work for me.

--bofh

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