Question about large blocks of orders in the book - futures io
futures io



Question about large blocks of orders in the book


Discussion in Emini and Emicro Index

Updated
    1. trending_up 544 views
    2. thumb_up 0 thanks given
    3. group 4 followers
    1. forum 2 posts
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 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
 

Question about large blocks of orders in the book

(login for full post details)
  #1 (permalink)
Merkd1904
Atlanta, Georgia
 
 
Posts: 56 since May 2021
Thanks: 35 given, 66 received

Alright, so i know this is an ambiguous question but iíve looked or tried to look everywhere to no avail.

So iím currently in a trading combine in step 2 and iíve noticed the use of large blocks of contracts to either support a price above or keep price below a certain point. Iím familiar with spoofing and layering and iím not under the impression that all of these may be illegitimate or book manipulation. But sometimes, and literally only for a fraction or a second, these large blocks will appear, disappear, and reappear. Or a large block of contracts will appear on a pullback before price reverses. You can literally see it visualized on Tradovateís chart in real time where it looks like someone is just keying in, and then cancelling the orders repeatedly

Is this to try and trick the algos? Or is it algos itself? Institutions trying to throw their weight around?

Iím sure majority of them are legitimate orders. But i donít know of many people and/or entities that would plop down 254 /NQ contracts on the sell side for recreation. Is it possibly market makers rebalancing? Or other vendors delta hedging? Any insight is appreciated.


Sent from my iPhone using Tapatalk

Reply With Quote

Can you help answer these questions
from other members on futures io?
How many bars have passed since daily high
ThinkOrSwim
SC Trading Evaluator
Sierra Chart
Calculating Support Resistance Levels based on custom fo …
Traders Hideout
S&P500 - can i use Volume profie, delta, vwap?
Emini and Emicro Index
Backup solution to move Windows workspace from a VPS to …
Traders Hideout
 
 
(login for full post details)
  #2 (permalink)
lightsun47
Toronto, Canada
 
 
Posts: 181 since May 2018
Thanks: 221 given, 149 received

I believe it's market makers' spoofing around with the others. And it happens everyday, especially in ES to trap traders. Those who cannot distinguish between legit and fake breakouts / swings / extensions, will get hurt real bad.

My personal 2 cents on this: This is one of the best reasons I don't trust order flows and blah blah because you might be looking at 'real time X-ray of the market', but really you might be just looking at bogus orders about to cancelled momentarily.

People (like yourself) do use order flows I know, so I am not saying it doesn't work. I am saying it just doesn't work for me.

Just get some experience and you will understand when the 'games' are being played and when the real orders / movements are expected. Good luck.

Sent using the futures.io mobile app

Reply With Quote
 
(login for full post details)
  #3 (permalink)
Merkd1904
Atlanta, Georgia
 
 
Posts: 56 since May 2021
Thanks: 35 given, 66 received



lightsun47 View Post
I believe it's market makers' spoofing around with the others. And it happens everyday, especially in ES to trap traders. Those who cannot distinguish between legit and fake breakouts / swings / extensions, will get hurt real bad.

My personal 2 cents on this: This is one of the best reasons I don't trust order flows and blah blah because you might be looking at 'real time X-ray of the market', but really you might be just looking at bogus orders about to cancelled momentarily.

People (like yourself) do use order flows I know, so I am not saying it doesn't work. I am saying it just doesn't work for me.

Just get some experience and you will understand when the 'games' are being played and when the real orders / movements are expected. Good luck.

Sent using the [


Iím usually just trading price action and technical setups and using the book as additional information. But thereíll be multiple times where these blocks of orders are used tactically to prevent a breakout or to support price.


Sent from my iPhone using Tapatalk

Reply With Quote


futures io Trading Community Traders Hideout Emini and Emicro Index > Question about large blocks of orders in the book


Last Updated on July 4, 2021


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), 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