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Bid and ask prices in charttrader
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Bid and ask prices in charttrader

  #1 (permalink)
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Bid and ask prices in charttrader

There are two buttoms down in the charttrader representing the bid and ask prices with the volume that resides at those levels.
How do you use this information? What kind of information can be seen here at all?

For example: Keyword: "eating orders" - sometime bid or ask raise dramatically, but the price stays, where it is. So this could be a good sign for strong support or resistance?

Is this maybe (probably) discussed somewhere else here already? Thanks!

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  #3 (permalink)
Market Wizard
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Image please?


Is this what you are asking about?
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If so, that is the inside bid and ask on the DOM.

It will change when the bid / ask changes

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  #4 (permalink)
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DavidHP View Post
Is this what you are asking about?
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If so, that is the inside bid and ask on the DOM.

It will change when the bid / ask changes

Yes, that´s what i mean. Thank you.
I´m curious, if we can get some good informations out of it.
E.g. i see sometimes "B" raising dramatically but the price doesn´t change. This could mean, that we´ve hit a strong support, or?

Waiting, Discipline and Patience Pays!
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  #5 (permalink)
Market Wizard
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pipandrun View Post
Yes, that´s what i mean. Thank you.
I´m curious, if we can get some good informations out of it.
E.g. i see sometimes "B" raising dramatically but the price doesn´t change. This could mean, that we´ve hit a strong support, or?

It is the same information you see on the DOM.

You can pull up several levels of the "Book" in many software packages.
Some traders use it and give it more value that it deserves.
Others swear by or at it.

It is important to remember, this information is not 'Trades' but only shows orders pending.
Looking at other things is much better information IMO.

I suggest you look at tools such as JigSaw tools or 9G to get a look at a more complete picture.

Here are some threads on futures.io (formerly BMT)

https://futures.io/ninjatrader/13600-ninjatrader-users-know-your-dom.html

https://futures.io/index-futures-trading/33180-art-dom.html

https://futures.io/elite-trading-journals/32550-learning-trade-order-flow-using-dom.html

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DavidHP View Post

Enjoy your search for the grail


No, don´t have time to search for it...

But i thought it would be good to know at least what numbers are flying around all the time....

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