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What blockvolume is visible? - order processing


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What blockvolume is visible? - order processing

  #11 (permalink)
FBT9
Santa Cruz De Tenerife; Spain
 
Posts: 12 since Aug 2019
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Blash View Post
Ok my friend .... what you are looking for (this block limit or market question) you can never know 100%. Not even close to 100% more like 0.01% if you’re lucky. If the depth at price X has 3200 contracts setting there you can never know if it is 3200 1 lots or 32 100 lots or or or or.... some combination.

I sincerely beg you to just focus on your edge. Nothing else. This business is the Perfect Illusion...and I mean PERFECT IN EVERY WAY. You need to simply focus on yourself and what you can control. Forget chasing anything else.

Strive to know yourself 100%. To control yourself 100% and this will go an exceptionally long way in this business.

I guarantee the biggest problem every trader has is failing to follow their rules, lack of patience, lack of diligence, lack of clear-eyed perception.... (this list is exceedingly long, but I will stop here).

This question is akin to asking, "Why are other traders placing entry orders, long or short, here or there." Something completely unknowable. We cannot know their motivations.

Get some good tools and just watch for a while so you come to understand the market better.

Briefly, if there are just 10 contracts at price X and one trader enters the market with all of them, the tape will show a 10 lot on the opposite side that the limit was.

So again, just worry about things in your command.

I wish you all the best.

Ron

Hello Ron,

now that makes sense, why pulls and adds change and limit orders remain the same. And that's a nice filter you have there with 2,5s. Makes it easier to see. What tools do you recommend?

What a great speech, really! Very true words. Focus on what you can control and beware of yourself, so that you can choose proper entries.
Nevertheless, I believe to know whether what you see was buying or selling makes some difference and it is possible to know it. Thank you a lot for your time, the video, and answers!!

Best,
Sebastian

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  #12 (permalink)
 
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 Blash 
Chicago, IL
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FBT9 View Post
Hello Ron,

now that makes sense, why pulls and adds change and limit orders remain the same. And that's a nice filter you have there with 2,5s. Makes it easier to see. What tools do you recommend?

What a great speech, really! Very true words. Focus on what you can control and beware of yourself, so that you can choose proper entries.
Nevertheless, I believe to know whether what you see was buying or selling makes some difference and it is possible to know it. Thank you a lot for your time, the video, and answers!!

Best,
Sebastian

Of course it is possible to know I see it all the time. But, the little piece you are asking/wanting to see is not. So just let go of it.

Ron

...My calamity is My providence, outwardly it is fire and vengeance, but inwardly it is light and mercy...
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
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  #13 (permalink)
FBT9
Santa Cruz De Tenerife; Spain
 
Posts: 12 since Aug 2019
Thanks Given: 2
Thanks Received: 10



Blash View Post
Of course it is possible to know I see it all the time. But, the little piece you are asking/wanting to see is not. So just let go of it.

Ron

I obviously thought it was. But since it isn't, you are right, it's the best to let go of it, otherwise it just bothers me too much and like you said, you can see it in the end anyways (most times).

Greetings,
Sebastian

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