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high bid in number bars
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high bid in number bars

  #1 (permalink)
Trading Apprentice
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high bid in number bars

HI guys
i am new to number bars,today while trading aapl at the end of the session i found big number in the bid.How this happen?
and while looking in level 2 data i do not see any big bid or ask.It happens again after the session .does this numbers mean that the stock will drop or it will go up?
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  #2 (permalink)
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I hesitate to reply since I don't trade stocks but it looks to me like a data glitch, unless someone really sold 7 million shares of AAPL.

Try re-downloading your data and see if the problem corrects itself.
Go to Edit->Delete All Data and Download

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  #3 (permalink)
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yamin2000 View Post
HI guys
i am new to number bars,today while trading aapl at the end of the session i found big number in the bid.How this happen?
and while looking in level 2 data i do not see any big bid or ask.It happens again after the session .does this numbers mean that the stock will drop or it will go up?
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Firstly, where are you getting your level 2 from?

This happens all the time, welcome to equities. These trades are reported from FINRA, as after hours/ avg price trades. They appear on the consolidated tape, and the reporting could be delayed. They will involve dark pool matching. FINRA ATS/ Non-ATS dark pool trades are 30-40% of all volume. You are not going to see these appear on a level 2 feed, even with direct feeds from each exchange/ ECN.

"Free markets work because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or incentives for skill. The strategy is, then, to tinker as much as possible and try to collect as many Black Swan opportunities as you can"
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  #4 (permalink)
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Neo1 View Post
Firstly, where are you getting your level 2 from?

This happens all the time, welcome to equities. These trades are reported from FINRA, as after hours/ avg price trades. They appear on the consolidated tape, and the reporting could be delayed. They will involve dark pool matching. FINRA ATS/ Non-ATS dark pool trades are 30-40% of all volume. You are not going to see these appear on a level 2 feed, even with direct feeds from each exchange/ ECN.

I was watching time and sales and i saw those trades there ,but in level 2 there were only normal trades.
when it appears in my tradestions time and sales it said under bid transactions .
Yes its dark pools trades i think now i know the time time they reported.

does the number bars show dark pool trades in live action or its hidden as well ?

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  #5 (permalink)
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yamin2000 View Post
I was watching time and sales and i saw those trades there ,but in level 2 there were only normal trades.
when it appears in my tradestions time and sales it said under bid transactions .
Yes its dark pools trades i think now i know the time time they reported.

does the number bars show dark pool trades in live action or its hidden as well ?

FINRA trades are not going to show up in Level 2, you will not have access to the majority of flow unless your broker gives access to a pool they are participating in.

Alot of the FINRA trades are classed as "non-Last qualifying trades" so they will not even show up in your data feed. You will only see them in your brokers T & S. So alot dark pool trades are not going to show up in your number bars, it depends on the reporting type/ classification.

Below is an image I had saved from sometime last year which shows all the Darkpool trades vs what was reported by IQ feed. Sierra's charts data feed will basically match IQ feed.

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"Free markets work because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or incentives for skill. The strategy is, then, to tinker as much as possible and try to collect as many Black Swan opportunities as you can"
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  #6 (permalink)
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Neo1 View Post
FINRA trades are not going to show up in Level 2, you will not have access to the majority of flow unless your broker gives access to a pool they are participating in.

Alot of the FINRA trades are classed as "non-Last qualifying trades" so they will not even show up in your data feed. You will only see them in your brokers T & S. So alot dark pool trades are not going to show up in your number bars, it depends on the reporting type/ classification.

Below is an image I had saved from sometime last year which shows all the Darkpool trades vs what was reported by IQ feed. Sierra's charts data feed will basically match IQ feed.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

thanks u have a lot of information

I thought darkpool trades included in number bars ,SO how imbalance trades sometimes work well.
I am supply and demand trader (support and resistance ) and imbalance trades in supply and demand work very well with me i am using Sam Seiden's strategy. IF no dark pool trader in number chart how imbalance trades work well?

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  #7 (permalink)
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yamin2000 View Post
thanks u have a lot of information

I thought darkpool trades included in number bars ,SO how imbalance trades sometimes work well.
I am supply and demand trader (support and resistance ) and imbalance trades in supply and demand work very well with me i am using Sam Seiden's strategy. IF no dark pool trader in number chart how imbalance trades work well?

The majority of "Dark Pool" trades are not reported by any of the Sierra charts supported data feeds. It has nothing to do with the number bars study. The problem is not having access to the data.

I've got no idea who Sam seiden is.

I'm not sure how you work out your imbalances, however, I can warn you that the Sierra charts numbers bar study will not show accurate bid/ ask allocation for US equities. It is only accurate for futures products.

"Free markets work because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or incentives for skill. The strategy is, then, to tinker as much as possible and try to collect as many Black Swan opportunities as you can"

Last edited by Neo1; June 25th, 2017 at 04:31 AM.
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