Dark Pool Question

[globaltrdr]

:innocent: HOW MUCH DOES HIDDEN ORDER FLOW IN DARK POOLS IMPACT ACCURATE OR EVEN CLOSE TO ACCURATE TECHNICAL ANALYSIS?

 

[new_trader]

:innocent: HOW MUCH DOES HIDDEN ORDER FLOW IN DARK POOLS IMPACT ACCURATE OR EVEN CLOSE TO ACCURATE TECHNICAL ANALYSIS?

What exactly is "ACCURATE TECHNICAL ANALYSIS"?

 

[globaltrdr]

What exactly is "ACCURATE TECHNICAL ANALYSIS"?

according to the chart/graph seen. in other words the bollinger bands/fibonacci or any of the technical indicators many not be accurate because it didnt catch the several 100,000 shr buy or sell orders occuring in the dark pools.

 

[new_trader]

according to the chart/graph seen. in other words the bollinger bands/fibonacci or any of the technical indicators many not be accurate because it didnt catch the several 100,000 shr buy or sell orders occuring in the dark pools.

What you are saying doesn't make sense, not to me anyway. Aren't all those 'indicators' derived from PRICE and PRICE alone?

 

[globaltrdr]

What you are saying doesn't make sense, not to me anyway. Aren't all those 'indicators' derived from PRICE and PRICE alone?

prices of what is seen on the exchanges not dark pools.

 

[new_trader]

prices of what is seen on the exchanges not dark pools.

Yes, but does that matter? If I was a billionaire sitting on the sidelines waiting for the price of a stock to get where I want before I buy it, how would your indicator know? Well, it doesn't. It has no idea of my 'intent', all it knows is what price is doing and performs the appropriate arithmetic calculations. If whatever is happening doesn’t affect the price then as far as the indicator is concerned, it isn’t happening. Maybe I am missing something...

 

[globaltrdr]

Yes, but does that matter? If I was a billionaire sitting on the sidelines waiting for the price of a stock to get where I want before I buy it, how would your indicator know? Well, it doesn't. It has no idea of my 'intent', all it knows is what price is doing and performs the appropriate arithmetic calculations. If whatever is happening doesn’t affect the price then as far as the indicator is concerned, it isn’t happening. Maybe I am missing something...

no, i totally see your point. i am pointing out that the price thats printed cannot not be the real price because it doesnt have complete buy/sell information.

 

[new_trader]

no, i totally see your point. i am pointing out that the price thats printed cannot not be the real price because it doesnt have complete buy/sell information.

I think I see your point. What I am saying is if you are trading using an indicator then whatever price the indicator is using and showing must be the true price as far as you are concerned. If what you see is what you get as far as order fills are concerned then you have nothing to worry about.

 

[fibonelli]

Karl Denninger gives examples of dark pool trades from the middle and latter part of this video.

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