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Anyone to know whether trades are hitters or sitters?
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Anyone to know whether trades are hitters or sitters?

  #1 (permalink)
Trading for Fun
Canada
 
Futures Experience: Advanced
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Anyone to know whether trades are hitters or sitters?

Been watching the DOM and T&S for the last few trading days and noticed a few things.

Normally been watching the 6E. I noticed that whenever the spot market leads, the futures follows. So normally the market makers bids/asks are cancelled and requoted at higher and lower prices. In the meantime when the market "ticks up" some orders get taken out, those I assume to be people who put in a TP order and were waiting to get hit.

So on the T&S, those look like buys when in fact they were sells.

So if a large block order is executed at the ASK and the market hasn't moved up/down, one can assume that was a legitimate buy order. However since this happens in the blink of a eye, its hard to tell whether this was a sitting or hitting order.

So is there any indicator out there that can let you know whether this sales took place before the market ticked up or it happened when a buyer executed a sale on the ask side of the market.

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  #3 (permalink)
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adaseb View Post

So on the T&S, those look like buys when in fact they were sells.

Are you saying the market maker "bought" those orders so they are appearing to be buy?

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  #4 (permalink)
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las vegas
 
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I think he is saying the larger market makers will use their clients own money to push the markets against them temporarily in order to stop them out.

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  #5 (permalink)
Trading for Fun
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No, what I am saying is this.

Today on the 6E there was a large sell order at 1.3960 around 250 lots or so.

When the market was pushing higher on the spot market, that order had to be taken out, so it looked like a large block buy order when infact if you were watching the DOM, it was a large sell order.

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