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DOM imbalance?
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DOM imbalance?

  #1 (permalink)
Trading Apprentice
Rome Italy
 
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DOM imbalance?

Has anyone else noticed that whenever i.e the cumulative bids are weaker than the offers, the derivative tends to move up and vice versa?

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  #2 (permalink)
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  #3 (permalink)
Market Wizard
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Incognito View Post
Has anyone else noticed that whenever i.e the cumulative bids are weaker than the offers, the derivative tends to move up and vice versa?

Yes, I have observed this many times but, as with all things market, the condition can still resolve in either direction - price moving or offers moving, with or without a great deal of liquidity consumption in the process. In other words it makes for pretty pictures but little in the way of usable edge.

e.g. the following resolved the other way

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  #4 (permalink)
Trading Apprentice
Rome Italy
 
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Posts: 8 since Apr 2019
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ratfink View Post
Yes, I have observed this many times but, as with all things market, the condition can still resolve in either direction - price moving or offers moving, with or without a great deal of liquidity consumption in the process. In other words it makes for pretty pictures but little in the way of usable edge.

e.g. the following resolved the other way

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Indeed. It is definitely not an edge. As a matter of fact, I don't even take trading decisions based on the DOM as there always seems to be some sort of manipulation, as is the case with equities (spoofing etc.)

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  #5 (permalink)
Trading Apprentice
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Incognito View Post
Indeed. It is definitely not an edge. As a matter of fact, I don't even take trading decisions based on the DOM as there always seems to be some sort of manipulation, as is the case with equities (spoofing etc.)

This alone in itself is not an edge. Coupled with recent price action, time of the day, are there any icebergs, do the orders come and go, etc ... that might give you a clue or two ...

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  #6 (permalink)
Trading Apprentice
Rome Italy
 
Trading Experience: Intermediate
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Favorite Futures: ES, FDAX, CL, GC, ZN
 
Posts: 8 since Apr 2019
Thanks: 10 given, 7 received


mkjonhston View Post
This alone in itself is not an edge. Coupled with recent price action, time of the day, are there any icebergs, do the orders come and go, etc ... that might give you a clue or two ...

Well, only if you are able to spot the iceberg orders....

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