Level II Quotes - futures io
futures io futures trading



Level II Quotes


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one Quick Summary with 1 posts (0 thanks)
    2. looks_two LukeGeniol with 1 posts (1 thanks)
    3. looks_3 worldwary with 1 posts (0 thanks)
    4. looks_4 josh with 1 posts (0 thanks)
    1. trending_up 4,285 views
    2. thumb_up 1 thanks given
    3. group 3 followers
    1. forum 3 posts
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • 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 and simple.

-- Big Mike, Site Administrator

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

 
Search this Thread
 

Level II Quotes

(login for full post details)
  #1 (permalink)
Williamsburg, VA
 
Experience: Intermediate
Platform: ThinkorSwim
Trading: Stocks
 
worldwary's Avatar
 
Posts: 523 since Mar 2010
Thanks: 259 given, 791 received

I wonder if someone can help explain a phenomenon I noticed while watching Level II quotes on YM. I don't normally follow level II very closely so I'm not sure what to make of it.

A few times over the past day or two I've noticed times where really large bids or offers will appear just for a second, then disappear for a few seconds, then reappear just for a flash, etc. Like normally there will be between 30 and 50 contracts, then for a second the best bid is 450, then drops back to 30, then 450 again, sometimes over and over at a certain price level.

I'm trying to figure out why this would happen. Computers playing games with each other? Is there any significance to the price levels where this kind of activity occurs?

Visit my futures io Trade Journal Started this thread Reply With Quote

Journal Challenge February 2021 results:
Competing for $1500 in prizes from Topstep
looks_oneSBtrader82 's Trading Journalby SBtrader82
(172 thanks from 31 posts)
looks_twoJust BEING a Trader: Letting Go!!by iqgod
(120 thanks from 33 posts)
looks_3Wisdom is Emptinessby Mtype
(68 thanks from 25 posts)
looks_4Deetee’s DAX Trading Journal (time based)by Deetee
(31 thanks from 17 posts)
looks_5Journal for peanuts1956by peanuts1956
(23 thanks from 13 posts)
 
 
(login for full post details)
  #3 (permalink)
Italy (IT)
 
Experience: Advanced
Platform: ATAS, R|Trader, NT8
Broker: Rithmic
Trading: CL, Brent, GC, TF
 
LukeGeniol's Avatar
 
Posts: 1,501 since Apr 2010
Thanks: 408 given, 984 received



worldwary View Post
I wonder if someone can help explain a phenomenon I noticed while watching Level II quotes on YM. I don't normally follow level II very closely so I'm not sure what to make of it.

A few times over the past day or two I've noticed times where really large bids or offers will appear just for a second, then disappear for a few seconds, then reappear just for a flash, etc. Like normally there will be between 30 and 50 contracts, then for a second the best bid is 450, then drops back to 30, then 450 again, sometimes over and over at a certain price level.

I'm trying to figure out why this would happen. Computers playing games with each other? Is there any significance to the price levels where this kind of activity occurs?

I think that happen in almost all instruments, surely they are algorithms trading, probably HTF, market makers, that try to move the market in some direction, or profit fast if one of the side is hit. Sometimes that happen on a support or resistence area too.
Anyway watching the level 2 you will see a lot of different behaviors that seem 'weird'

Take your Pips, go out and Live.
Luke.
Reply With Quote
The following user says Thank You to LukeGeniol for this post:
 
(login for full post details)
  #4 (permalink)
Legendary Market Wizard
Georgia, US
 
Experience: None
Platform: SC
Broker: AMP+CQG
Trading: ES, HSI, Nikkei
 
josh's Avatar
 
Posts: 5,466 since Jan 2011
Thanks: 6,054 given, 14,502 received

I made this video this morning using replay data from Thursday, 3/31, at 11:30am, on oil.

I noticed quite a lot of computer activity and wanted to capture it and let anyone who knows anything about reading the DOM comment on it.


Reply With Quote


futures io Trading Community Traders Hideout > Level II Quotes


Last Updated on April 2, 2011


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Journal Challenge w/$1500 prizes from Topstep!

February
 

Battlestations! Show us your trading desk - $1,500 in prizes!

March
 

Call Option Buying: The New Pain Trade? w/Carley Garner

Elite only
     



Copyright © 2021 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