Can someone explain how this is possible on the tape?

[rb7]

the green is selling hence the "S" next to the price and red is buying shown by "B".

If someone is selling, it means that someone else is buying.
Unless the pic you attached doesn't represent the tape (time & sales).

And btw, usually, green means 'Buy' and red means 'Sell'.

 

[NewTraderAdventure]

Because that data feed provider is not showing all the trades.

I work with people who pay millions for data feeds, do you guys really think your broker that is giving you basically free data for a few $ is even remotely in the same league?

Every time I see somebody selling a course to teach order flow trading for $199 I have to laugh very hard and loud for at least a couple of seconds.

I think we can now safely block this nitwit , as a moron or troll or both

 

[NewTraderAdventure]

No need to spend a lot for futures data feed. CME is central exchange. Just get ninjatrader with kinetick data feed and you will see every tick. For examples, how about seeing about 500 oil trades within span of 1 second pushing the price 25 ticks. Every trade was captured.

wow, impressive. that and 15 cents gets you on the short bus

 

[RedDuke]

wow, impressive. that and 15 cents gets you on the short bus

We were short, and that spike caused us almost 20 ticks slippage on exit, and the order was resting on exchange.

 

[NewTraderAdventure]

You can rest all you want after you pay the man

 

[Amatrue]

I’m not sure you understand enough to understand the answer.

at :02 the market was bid 50 and offer 75. Then the bid moved up to 75 and the offer was 00. Then the incoming sell order at :07 hit the new bid at 75.

Bids and offers often move without trades. Many things can cause price movements independent of trades.

are you saying that the offers at 75 were all pulled so that the next offer came in at 00?

 

[garachen]

Yes but you wouldn’t say it that way. There were already resting offers at 00 so they became the best offer. You would say it like the 75 offer was pulled and new bids came in at 75. 00 became the best offer.

maybe YM moved. Maybe ZN. Maybe something else.

think of the market as a giant trampoline. Pressure or trades in one product will cause pressure or trades in another product. The tighter the correlations are, the more engineering has gone into that trade. Those relationships are at the center of the trampoline. Most people should focus on the periphery where correlations are weaker and can lag by minutes to hours. Stuff like that is way harder for HFT to capture so human understanding is more valuable.

 

[garachen]

Good to see you back.

Not really back. Just for two more weeks. Trying to get a sense for how markets are treating people and what they are active in. And maybe find some serendipitous tidbit.

 

[TickSeeker]

I’m not sure you understand enough to understand the answer.

at :02 the market was bid 50 and offer 75. Then the bid moved up to 75 and the offer was 00. Then the incoming sell order at :07 hit the new bid at 75.

Bids and offers often move without trades. Many things can cause price movements independent of trades.

This is a correct answer.

You should save all depth activity for your analysis and you will quickly learn how the bid/ask levels (10 of them on each side in ES) are living a very interesting life with and without matching.

You don't need those very expensive connections. Buy some data from CME data mining services and compare them to your own data feed to see how it performs.

 

[elitenapper]

the green is selling hence the "S" next to the price and red is buying shown by "B".

I think "S" = "Sold" is from the perspective of the exchange, i.e. Sold at the Offer. Since the price at the offer is always higher than the price at the bid, "S" is shown in green.

at :02, someone buys at the offer 3225.50, this may be the last 3225.50 available at that particular time. So,
at :07, 3225.75 becomes the least expensive offer, and someone buys at the slightly higher price, i.e. the exchange Sold at 3225.75.