Price Goes BID or ASK at a Level/Zone? - Emini and Emicro Index Futures Trading | futures io social day trading
futures io futures trading


Price Goes BID or ASK at a Level/Zone?
Updated: Views / Replies:251 / 5
Created: by Affliction Attachments:0

Welcome to futures io.

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

futures io is the largest futures trading community on the planet, with over 100,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you dont need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

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

Reply
 
Thread Tools Search this Thread
 

Price Goes BID or ASK at a Level/Zone?

  #1 (permalink)
Springfield, MO
 
Trading Experience: None
Platform: SC
Favorite Futures: ES
 
Posts: 107 since Mar 2010
Thanks: 2,339 given, 45 received

Price Goes BID or ASK at a Level/Zone?

What is meant by "price goes Bid" or "price goes Ask" above/below respectfully, based on a level or zone? What does that look like on the screen? Please excuse my ignorance. I may be over complicating the issue.

Any and all explanations are welcome.

Thank you for your time and effort.

Affliction

Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
London UK
 
Trading Experience: Beginner
Platform: CQG
Broker/Data: S5
Favorite Futures: Futures
 
xplorer's Avatar
 
Posts: 4,605 since Sep 2015
Thanks: 11,246 given, 9,756 received

Answer
This post has been selected as an answer to the original posters question Answer



Affliction View Post
What is meant by "price goes Bid" or "price goes Ask" above/below respectfully, based on a level or zone? What does that look like on the screen? Please excuse my ignorance. I may be over complicating the issue.

Any and all explanations are welcome.

Thank you for your time and effort.

Affliction

I haven't heard of price going bid or ask based on a level/zone specifically, but terms such as "price goes bid" or "price goes ask" simply means that the best bid/ask spread has moved either up or down.

One person I heard using this terminology is John Grady, you can check out his videos on YouTube

https://www.youtube.com/user/NoBSDayTrading/videos

Reply With Quote
The following 2 users say Thank You to xplorer for this post:
 
  #4 (permalink)
Legendary Elite Member
Wiltshire, United Kingdom
 
Trading Experience: Beginner
Platform: Jigsaw daytradr
Favorite Futures: US Equity Index Futures
 
matthew28's Avatar
 
Posts: 666 since Sep 2013
Thanks: 1,264 given, 1,075 received

As Xplorer says, John Grady has some good videos on DOM use.

"Price goes Bid"
Say you have a market with a one tick spread and the current inside prices are 22 Bid and 23 Offer with price trading at 23. Therefore buyers are hitting the offer price at 23. You have entered looking for price to tick up (say 24,25 is an area you want to break and you hope for a bit of a stop run above).
You are now long at 23. Price then ticks up because the Offer at 23 has all been bought or pulled. Price is now 23 Bid (and 24 Offer).
Ideal situation is that as soon as price has gone Bid you have a decent number of contracts that fill in at that new price straight away supporting the rise in price. If people are scared that price is going to break imminently they should be raising their bids hoping to get filled before price goes, as opposed to price ticking up but the Bids don't move up so a small seller can quickly knock price back down again, (suggesting others don't see a sense of urgency to raise their Bids and try to buy at that higher price).

Trading, ideally structured, is a vehicle for expanding consciousness, not damaging it. - Brett Steenbarger
Reply With Quote
The following 3 users say Thank You to matthew28 for this post:
 
  #5 (permalink)
SF Bay Area + CA/US
 
Trading Experience: None
Platform: TS, TOS, Ninja(Analytics)
Favorite Futures: NQ CL, ES when volatile mrkts
 
paps's Avatar
 
Posts: 1,663 since Oct 2011
Thanks: 2,149 given, 1,654 received

price does not go big or ask due to a zone

it goes big or ask due to aggressive limits that mrkt participants have already executed. those limits may make it a penetrable...or in-penetrable zone

there are some really good threads on order flow on fio....u do need to check those out which may give clue. also ch jigsaw webinars on fio

goodluck

Reply With Quote
The following 2 users say Thank You to paps for this post:
 
  #6 (permalink)
Legendary Elite Member
Wiltshire, United Kingdom
 
Trading Experience: Beginner
Platform: Jigsaw daytradr
Favorite Futures: US Equity Index Futures
 
matthew28's Avatar
 
Posts: 666 since Sep 2013
Thanks: 1,264 given, 1,075 received

Answer
This post has been selected as an answer to the original posters question Answer


Affliction View Post
What is meant by "price goes Bid" or "price goes Ask" above/below respectfully, based on a level or zone? What does that look like on the screen?

Just watched this short video and remembered this thread. It which might help illustrate the topic.
https://www.jigsawtrading.com/trade-confirmation-when-technicals-say-yes-but-order-flow-says-no/

Trading, ideally structured, is a vehicle for expanding consciousness, not damaging it. - Brett Steenbarger
Reply With Quote
The following 2 users say Thank You to matthew28 for this post:

Reply



futures io > > > > Price Goes BID or ASK at a Level/Zone?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

futures io is celebrating 10-years w/ over $18,000 in prizes!

Right now
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
(ask-bid)/ask<10% Options jbesr1230 ThinkOrSwim 1 June 6th, 2018 02:38 PM
Bid- and Ask- Price - what is the price shown on the chart? svedan Beginners and Introductions 7 February 27th, 2018 03:21 AM
Record BID ASK all level DOM bomberone1 The Elite Circle 6 May 16th, 2016 08:13 AM
bid and ask data of a bar for each price level thelera NinjaTrader 1 October 23rd, 2014 03:48 PM
Is GomCD Delta: Bid/Ask or Bid (-) Ask? An Appropriate Substitute??? tdaman The Elite Circle 3 May 13th, 2011 04:06 PM


Tags
bid/ask, dom, dow, e micro, e mini, e-micro, e-mini, emicro, emini, futures, index futures, instrument, jigsaw, jigsawtrading, john grady, nobsdaytrading, order flow, people, short, spread, tick, trading, webinars

All times are GMT -4. The time now is 04:51 PM. (this page content is cached, log in for real-time version)

Copyright © 2019 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432 WhatsApp Business, 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
Page generated 2019-06-18 in 0.16 seconds with 24 queries on phoenix