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Canada
Posts: 58 since Aug 2010
Thanks Given: 2
Thanks Received: 36
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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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