00:00 - 00:10 holding of 43.50 lvl on bid, at 00:10 someone buys out 43.75 lvl hitting the ask.
00:10 - 00:14 holding of 43.75 lvl on bid, at 00:14 someone buys out 44.00 lvl hitting the ask.
My guess is that someone is luring in the buyers with this action, placing an iceberg @ 1444.00 lvl
Price ticks to 44.25 but immediatley ticks back down, we see a lot of trading on the ask @ 1444.00
00:17 someone hits the market on bid on 43.75 - 43.50 poulling off limits there and stacking them on the offer at the opposite side. This is a place to enter. However it all happened super-fast and probably, i' wouldve missed it.
@DionysusToast, I've also noticed that current trades fields refresh every 2,5 seconds and sometimes we see irrelevant information on the inside bid/ask snapshot fields.
Consider attached screenshot (two adjacent frames from my capture):
1. Market ticked up to 44.25 someone hits the bid @ 44.00 selling through the level and price ticks down to 43.75 - and we immediately see 2060 in snapshot field there as amount traded there didn't refresh.
What would you recommend to get rid of this issue - e.g. how do I play with preferences to may be make things a bit faster?
Snapshot field is very useful and i don't want to abandon it completely. But such misconceptions make me look at wrong things when watching it real-time.
This is a video for someone that asked me to record my thoughts on a live market to help them understand what to look for in the order flow.
The first 15 minutes is commentary and worth listening to for those new to order flow. At 15:00-16:00, it becomes clear the market has reversed and we start looking for a pullback. At 20:30 the market does turn down and we get in long on that pullback when the order flow confirms at around 22:45.
I cut the video after 4 contracts were taken off because it was churning around and there was no benefit in recording that. I got stopped out at B/E on the rest when it came back after it was announced that the Dems & Republicans were no longer going to play nicely together on the issue of the Fiscal Cliff.
Switch to HD & Full screen unless you have REALLY good eyes.
Last edited by DionysusToast; December 20th, 2012 at 08:33 AM.
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This is my first record.
High day, tape marked in green. There I saw for myself anything that would give me to understand that we will not go up, and fall down.
Was there anything that could give me this?
Thank you. GC201212 - AlexSatter's library
Alex, I would say that we see buying against 72,8 lvl and immediately after that we see that prints in tape start appearing at 72,7 - 72,5, there are 2-5 lots prints seen opposed to mostly 1 lot buying against the 72,8 lvl. This tells me that someone wanted to hold the level and sold @ market right when price touched it. The trade here would be to sell right with the guy around 72,5 - 72,4. Fast reaction!