you are missing the point - i am not looking for a tick by tick account of who is doing what - i am trying to gain a better understanding of the overall structure of the market which i trade - i think that among all the discussions here on calling the next tops/bottoms etc. there is a dire lack of information/discussion aimed at understanding the underlying mechanisms which drive the movement of these markets.
ES - which trader categories drive volume
- Thread starter fader
- Start date
No sir Mr. Fader, I am not missing the point.
Answer your question, and you will have a higher than 30% probability of a successful direction.
Driven movement is a good thing....Its the "exlax" of directional action and ease of movement.
Use your research to its advantage. Are we not here to make a profit and get an edge through the understanding you seek, or are you writing a paper, and not a trader?
Michael B.
Late edit to line 2
Answer your question, and you will have a higher than 30% probability of a successful direction.
Driven movement is a good thing....Its the "exlax" of directional action and ease of movement.
Use your research to its advantage. Are we not here to make a profit and get an edge through the understanding you seek, or are you writing a paper, and not a trader?
Michael B.
Late edit to line 2
This might seem like "confirmation of the obvious" but daytraders are responsible for transacting ~80% of daily trading volume. The large speculative and commercial traders are responsible for the ~15% of daily trading volume that MOVES THE MARKET. When the market is moving, then you know that the big boys are doing big numbers. That's all.
res..whats up. Thats a very interesting statistic and Im curious how you came up with that. I knew you had done some work in this area. I thought at one time you were tracking all the 50 lots? I think that was you? Anyway, just curious as to how you got your hands on this info. Unless its a secret of course. Still hoping to meet up with you guys for a beer one night. Thanks Jim
excellent catch indeed, it seems in my zealous quest for data, i had an incorrect formula - here's the revised table, seems more logical, the 50-500 blocks are the larger contributors - i am not happy to have posted the buggy stuff, but obviously happens sometimes, my practice is always to check the totals at least, obviously in this case should have done more.. - of course always good to have another pair of eyes to check over, thx.
