I have a couple of quick questions about the futures market:
1. When you place an order and that order is filled, can the market tell whether you placed a buy or a sell order? For instance, can the market see where I am trying to go long or short?
2. Also, to anyone's knowledge, are there algos out there that track likely ATM stops and Profit Targets based upon simultaneous order placement after a contract is accepted by the market? For instance, let's say that you place an order with an automatic ATM that immediately places a stop at -15 and a profit target at +30. Are there algos that are tracking that these two orders (the -15 and +30) hit the market at exactly the same time, and that therefore there is a high statistical likelihood that they are ATM orders associated with the price level that was just traded, which means that given that most traders trade with a stop less than their profit target, the lower number is likely the stop and the higher number is likely the profit target, which means that an algo might trade the market toward the stop before reversing in the direction of the profit target? Sorry for the run on sentence, but it just seems to me that price will quickly trade to my stop and then reverse--especially during times of light trading. What does everyone think? How advanced are these algos? What are they able to see?