Bid Size and Ask Size...tradable?

[Mr_Black]

Quote from matador04:

Does it pay to closely follow the bid size size and ask size differential? Is it better to look at the bid/offers close to the current price than the aggregate size?? See attached...

Yes it Does

 

[jorgez]

Quote from Mr_Black:

Yes it Does

Can you explain these 4 DOMs please.

 

[hermit]

Quote from NihabaAshi:

Yeah, futurestrader71 uses it and it's not the only thing he uses and if it's the same former ET member that's the same person on twitter...it's definetly not the most important thing he uses. Thus, if bid size/ask size is tradable it's because it's being used with other stuff and it may not even be the most important thing in someone's trading plan.

Whoever said its the only thing he used or the most important, just pointed out that he uses it.

 

[Mr_Black]

Quote from jorgez:

Can you explain these 4 DOMs please.

1'st DOM is Long trade , note the wall on BID and the P/V action

 

[jorgez]

Quote from Mr_Black:

1'st DOM is Long trade , note the wall on BID and the P/V action

Thank you.
Are you saying that this nearly always happens and that you are able to get your fill when it does.

What programme are you using NT?

 

[Mr_Black]

Quote from jorgez:

Thank you.
Are you saying that this nearly always happens and that you are able to get your fill when it does.

What programme are you using NT?

There is no such thing as always in trading the wall's can be pulled (fake wall) eaten by the market orders(BO) or hold(FBO), they are only part of the puzzle, what is important is the wall location and Price/Volume Action how the price came to the wall and what happened after that event.

 

[jorgez]

Quote from Mr_Black:

There is no such thing as always in trading the wall's can be pulled (fake wall) eaten by the market orders(BO) or hold(FBO), they are only part of the puzzle, what is important is the wall location and Price/Volume Action how the price came to the wall and what happened after that event.

Thank you
Can you explain this in a little more detail please.

 

[AMT4SWA]

Quote from sosueme:

At long last you are starting to make some progress with your understanding of price at congestion levels.

Keep up this progress and you will be trading a real account later in 2010.

But try to keep your emotions in check as you are clearly "needy" and sadly there are noobies here who cannot distinguish between your journey and your posturing.

When you actually trade for a fund one day like I have, let me know......:eek:

BTW, Merry Christmas and a Happy New Year.....may peace be with you!

 

[AMT4SWA]

Quote from Mr_Black:

1'st DOM is Long trade , note the wall on BID and the P/V action

Ultimately from a "supply & demand" standpoint, the market likes to trade TO size (not away from it). The "walls" shown in the examples are a very temporary event unlike the overall movement of intraday price action to areas where there is resting inventory (size).....just pointing out that quick flash "walls" will not always halt price movements.

 

[jorgez]

Quote from AMT4SWA:

Ultimately from a "supply & demand" standpoint, the market likes to trade TO size (not away from it). The "walls" shown in the examples are a very temporary event unlike the overall movement of intraday price action to areas where there is resting inventory (size).....just pointing out that quick flash "walls" will not always halt price movements.

So why would anyone bother using them if they work sometimes and not others.