Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
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 for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
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?
Can you help answer these questions from other members on NexusFi?
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"
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.
"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"
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"
