Can it be done?

Okay. I saw some large offers in NQ keep moving their offers higher to make market appear that it was going higher. All the while, they were getting short...big time. I had no idea someone was capable of taking that much size. As I watched, I knew if I was right, the size that had been getting short was going to slam the market when the buying died down. Sure enough they did. I never realized how much size some of these guys can accumulate. The trick seems to be picking when they are going to go the other way. The retail trader usually can't let his/her position go against them while they watch this going on. Seems like you have to pick a good spot to go with the size when they are ready to reverse. Otherwise you might see what's going on, but have to bail out before they make their move. The big guys can afford to have the market move against them 5,10,15+ ticks while they are getting ready...I can't. There lies the rub.
 
Just a comment. Big bids and offers have been used by many (perhaps less scrupulous) traders over the years to throw off robots and "level 2 reading courses" LOL... so, don't put any faith in anything more than a tick or two away, they are generally programs that suddenly disappear.

FWIW,

Don
 
These big offers that were "more than a tick or two away" were getting filled as well. I don't think anyone places a trade because they see large bid or offer. :cool:
 
How is it going ScalperTrader?

I think the answer is YES!

The new question is:

Can it be done using Ve***ity's "free" X_trader, where the odds are stacked against you because of the high $5.44 commission/RT?
 
Quote from ScalperTrader:

Missed a lot of the action today. I was able to take a few screenshots of NQ very quickly (left to right). It's not about catching bottoms, but if you think in terms of "liquidity" and "size", the bounce was the quickest and surest money I made today! And that's why I just did not let this one go with a few ticks and manually moved my stop up.
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Ok I was going crazy trying to figure out why you had 3 NQ's that where at all different prices! Then I relized they where from different times. :p Doh!

Anyways, I guess what you are trying to say in the picture is that the price is going up and the Offers side has the size on the limit. And as the price is going up the Offers are being raised. So yes, just because there is big offers does not mean that selling is stronger. I would say that the buyer is more desperate then the seller because everytime the the offer goes up the buyer follows.
 
Quote from ScalperTrader:
We will try to build on this one step at a time, and believe me, it will take time. But as the first step, let's focus on and try to spot the size, and perhaps if it makes it easier to correlate it to what you are used to seeing on the chart, use the chart along side with your dome. Then and only then, we will try to get into the discussion...
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I guess I will start:
 

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