OrderFlow Trading - futures io
futures io futures trading



OrderFlow Trading


Discussion in Commodities

Updated by michelle113
      Top Posters
    1. looks_one jalley with 2 posts (0 thanks)
    2. looks_two roztom with 1 posts (1 thanks)
    3. looks_3 michelle113 with 1 posts (0 thanks)
    4. looks_4 forgiven with 1 posts (1 thanks)
    1. trending_up 351 views
    2. thumb_up 2 thanks given
    3. group 4 followers
    1. forum 4 replies
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

OrderFlow Trading

(login for full post details)
  #1 (permalink)
La Grange, CA USA
 
Experience: Intermediate
Platform: Ninjatrader, MetaTrader
Broker: NinjaTrader Brokerage
Trading: MES, MNQ, M2K, MYM
 
Posts: 12 since Jun 2020
Thanks: 9 given, 4 received

I was trading ES on replay for 9/4 and noticed odd behavior that hope someone could explain why it would happen.

I have MZPack with IceBerg, BigTrades, Depth of Market and Orderbook info.

I saw a large imbalance of sellers to buyers in the order book. I also noticed several large trades on the sell side yet the price kept moving up at a steady pace!! How could this be?

Thank you in advance

Visit my futures io Trade Journal Reply With Quote

Can you help answer these questions
from other members on futures io?
FX Futures have been nagging me for a while
Currencies
Capping Size in Tradestation
TradeStation
SC parameter optimization
Sierra Chart
3x Fangdango
Traders Hideout
Macros for flatten and reverse
TradeStation
 
 
(login for full post details)
  #2 (permalink)
Market Wizard
Fletcher NC
 
Experience: Intermediate
Platform: nijia trader
Broker: A.M.P. I.Q. ....C.Q.G.
Trading: ym es
 
forgiven's Avatar
 
Posts: 636 since Mar 2012
Thanks: 139 given, 373 received


jalley View Post
I was trading ES on replay for 9/4 and noticed odd behavior that hope someone could explain why it would happen.

I have MZPack with IceBerg, BigTrades, Depth of Market and Orderbook info.

I saw a large imbalance of sellers to buyers in the order book. I also noticed several large trades on the sell side yet the price kept moving up at a steady pace!! How could this be?

Thank you in advance

the sell orders were being pulled before they could be executed along with the buy orders being executed as market orders .

Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to forgiven for this post:
 
(login for full post details)
  #3 (permalink)
Chicago, IL. USA
 
Experience: Advanced
Platform: IRT, Bookmap
Broker: EdgeClear, Rithmic
Trading: ES/NQ/Volume Profile
 
Posts: 38 since Oct 2011
Thanks: 23 given, 77 received


In addition, to "forgiven comments" what was the behavior of icebergs when those "sell orders" triggered? BTW, are your icebergs Native CME or synthetic? That would also differentiate what you were seeing.

One of the things about orderbook imbalance that I have observed is that while the book imbalance may suggest that it is skewed to one side, the participants behavior will not be consistent with the skew. What I tend to look at, from a strictly imbalance perspective is how the market is behaving relative to the imbalance and also when the behavior changes relative to the imbalance. SO at times selling imbalance will press the market. Other times the market will either trade/absorb the sell side imbalance or be repelled by it. Personally, I do not find consistent behavior relative to the skew but I do look how the market responds and the behavior of the book when it trades near/through liquidity and the behavior of the liquidity. IMHO, the market's behavior relative to the imbalance at any given time is a random component vs a red/green light indication of impending behavior/response. How the market responds to the book at any given time, especially large resting liquidity is more indicative of participant intent vs the skew of the book until the market interacts with aggressive algo/participant behavior.

I hope this makes some sense.

Tom B.

Regards,

Tom

Nothing To It But To Do It
Reply With Quote
The following user says Thank You to roztom for this post:
 
(login for full post details)
  #4 (permalink)
La Grange, CA USA
 
Experience: Intermediate
Platform: Ninjatrader, MetaTrader
Broker: NinjaTrader Brokerage
Trading: MES, MNQ, M2K, MYM
 
Posts: 12 since Jun 2020
Thanks: 9 given, 4 received

Thank you both for your insight. I'm using MZPacks Hard calculation for the Icebergs with CME data feed. I'm wondering if BookMap would show it lifting those 'fake' limit orders last second while a market order in the opposite direction is happening. I almost thought, since I'm new to MZPack and order flow trading, that maybe my indicators where showing the wrong color for the Icebergs, lol.

Actually wish there was more training for using MzPack, it is complicated with numerous options.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #5 (permalink)
Manchester UK
 
 
Posts: 1 since Jan 2013
Thanks: 0 given, 0 received

Bids absorbing. May be directional (will take it up shortly via market orders) or non-directional (arb, just filling the order without speculation). One message from that picture: don't short unless situation changes.

Reply With Quote


futures io Trading Community Traders Hideout Commodities > OrderFlow Trading


September 14, 2020


Upcoming Webinars and Events
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts