Xymox,
You seem pretty well clued-up re the DOM. I’m still trying to figure it out. I wonder if you could clarify this for me?
“you can see the games being played on the DOM right now, a biggie is trying to get a higher average price, he bids for 500, the offers move away, and then others frontrun his position, then the biggie hits their bids.”
Are you saying here, a big buyer comes in, withdraws, others front run, and he hits them? So if his 500 is there one minute, then gone the next, it may appear to be a spoof?
Wouldn’t a bidder (buyer) want a lower, not a higher, price?
Perhaps you could give a few pointers on reading the DOM.
Regards,
Grant.
You seem pretty well clued-up re the DOM. I’m still trying to figure it out. I wonder if you could clarify this for me?
“you can see the games being played on the DOM right now, a biggie is trying to get a higher average price, he bids for 500, the offers move away, and then others frontrun his position, then the biggie hits their bids.”
Are you saying here, a big buyer comes in, withdraws, others front run, and he hits them? So if his 500 is there one minute, then gone the next, it may appear to be a spoof?
Wouldn’t a bidder (buyer) want a lower, not a higher, price?
Perhaps you could give a few pointers on reading the DOM.
Regards,
Grant.
I know nothing .... much
Is the higher average price mentioned the price he wants for his bundle - maybe he's pretending to be a "big buyer" to induce others (front runners) to drive the price higher... at that higher price he unloads......perhaps .... who knows...
Is the higher average price mentioned the price he wants for his bundle - maybe he's pretending to be a "big buyer" to induce others (front runners) to drive the price higher... at that higher price he unloads......perhaps .... who knows...
hook has it right...sometimes one institution will hit their own bids to screw with other people's algo's, it gives the impression to the market that someone is selling, and others follow but they really selling into the institutions hands that are buying.
the most predictive DOM movements is not the size being offered around the spread, its the cash tic calculation..
the insti's can calculate what the next print will be on the cash based on computers crunching the individual components of the index...
funds like Simmon's, can basically push the market around, with inherent volume loads in the individual stocks.
Notice recently past few months, Simmon's was entering into index derivatives... so basically they are arbing their own orderflow in the individual stocks.
the insti's can calculate what the next print will be on the cash based on computers crunching the individual components of the index...
funds like Simmon's, can basically push the market around, with inherent volume loads in the individual stocks.
Notice recently past few months, Simmon's was entering into index derivatives... so basically they are arbing their own orderflow in the individual stocks.
when the 50 meets the 200, the market enters a consolidative period... during this consolidation...significant bad news up and above has to enter the market for the consolidation to breakout to the downside... based on past behavior, the consolidative patterns breakout to the upside..
the market will flip 15-20 points.. so basically... the pattern will be to sell 20 points up and buy 20 points down...
the market will flip 15-20 points.. so basically... the pattern will be to sell 20 points up and buy 20 points down...
