Please explain large flash ask size in SPY - Stocks and ETFs Trading | futures io social day trading
futures io futures trading


Please explain large flash ask size in SPY
Updated: Views / Replies:454 / 3
Created: by tennon Attachments:2

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

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

Reply
 
Thread Tools Search this Thread
 

Please explain large flash ask size in SPY

  #1 (permalink)
Trading Apprentice
spokane wa
 
Futures Experience: Beginner
Platform: TWS
Favorite Futures: SPY
 
Posts: 8 since Apr 2014
Thanks: 1 given, 0 received

Please explain large flash ask size in SPY

When trading the SPY, what does it mean when, as price is increasing, the current ask size increases from a normal size of ~300 to 1500, and price continues up through this ask size? Please see attached photo to illustrate. Note: market data is from BEX only.

Attached Thumbnails
Please explain large flash ask size in SPY-flash-large-ask.png  

Last edited by tennon; May 19th, 2014 at 02:14 PM.
Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Market Wizard
Bangkok
 
Futures Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
Broker/Data: AMP, S5, IB
Favorite Futures: ES
 
DionysusToast's Avatar
 
Posts: 2,670 since Nov 2010
Thanks: 776 given, 8,726 received
Forum Reputation: Legendary


Depends...

If it just lasts a fraction of a second and disappears, then keeps flashing up - it's possibly an predatory algo "fishing" for other algo's reaction.

If it's at the inside bid as per your pic - it could be real. When they trade into it, if it doesn't start pulling, then it is real.

But that doesn't mean it's someone that is trying to hold the market. This could be half of a stat arb trade, it could be someone unwinding a position.

I think what is key from the perspective of taking advantage of it is whether they add more to that offer as we trade there.

Also - as you've come down from 51 - is this offer chasing price down and effectively acting as a ceiling on price - that's pretty bearish. Were they there @ 51 & 50? I know price came up from 47 - but it was after a drop from 51 - so was that offer there all the time it dropped to 47 & then acted as resistance @ 51?

It's a bit like a story unfolding - just a snapshot is hard to read.

If you have any questions about the products or services provided, please send me a Private Message or use the futures.io "Ask Me Anything" thread
Reply With Quote
 
  #4 (permalink)
Trading Apprentice
spokane wa
 
Futures Experience: Beginner
Platform: TWS
Favorite Futures: SPY
 
Posts: 8 since Apr 2014
Thanks: 1 given, 0 received

Thanks for the insight. The large ask was not present as it went down. Following the first screen shot, the price increased, shown in the attached screen shot, and the 1500x ask bumped up with price a few times, but not all the time. How would these large ask prints affect your trading decisions?

Attached Thumbnails
Please explain large flash ask size in SPY-later-price-action.png  
Reply With Quote

Reply



futures io > > > > Please explain large flash ask size in SPY

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Explain the order book Pete Schweaty Commodities Futures Trading 6 November 25th, 2013 04:40 AM
Slippage for large(r) trade size in EUR/USD moses Currency Futures 4 May 26th, 2013 05:02 PM
Ask Size, Bid Size, Delta zury Investor/RT 2 May 9th, 2011 09:09 AM
Who can explain the settlement price of the large S&P on Tuesday? Fat Tails Emini Index Futures Trading 15 September 2nd, 2010 12:36 PM
putting bid size and ask size on the Market Analyzer trivto57 NinjaTrader Programming 4 June 4th, 2010 08:00 AM


All times are GMT -4. The time now is 07:28 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, 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
Page generated 2017-12-13 in 0.10 seconds with 26 queries on phoenix via your IP 54.196.182.102