Scalping_My Way with ACV

Quote from 5Pillars:

VST - what does your ACV show right at this moment for the ES....thanks (screen shot if possible :) )!!!
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5Pillars,

That is kind of hard to do....by the time I paste the screen shot into Paint....then add it to this thread....it could be a much different value.

At this very moment....the ES....almost 18000 Buy....almost 14000 Sell.

VSTscalper
 
I'm a new trader. I do not understand why prices go up when their are more sellers in the dome than their are buyers. Why is this the case? Please someone help lol, this really conffuses me.
 
Quote from Trusten:

I'm a new trader. I do not understand why prices go up when their are more sellers in the dome than their are buyers. Why is this the case? Please someone help lol, this really conffuses me.
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because it means the buyers orders are (and/or are being) executed (that is why you see more sellers), which causes the market to move up
 
Quote from bluud:

because it means the buyers orders are (and/or are being) executed (that is why you see more sellers), which causes the market to move up
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It's a zero sum game, for every buy there is a sell

The truth is the heavy hitters put phantom orders in to suck Joe Schmo in and pull them at the last minute before they go in the opposite direction, oldest trick in the book but it keeps working because there is an endless supply of new suckers drawn to trading and quite a few old traders that never work this out
 
Quote from Trader28Lite:

It's a zero sum game, for every buy there is a sell

The truth is the heavy hitters put phantom orders in to suck Joe Schmo in and pull them at the last minute before they go in the opposite direction, oldest trick in the book but it keeps working because there is an endless supply of new suckers drawn to trading and quite a few old traders that never work this out
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100% agreed. What irony although.
 
Quote from Trader28Lite:

It's a zero sum game, for every buy there is a sell

The truth is the heavy hitters put phantom orders in to suck Joe Schmo in and pull them at the last minute before they go in the opposite direction, oldest trick in the book but it keeps working because there is an endless supply of new suckers drawn to trading and quite a few old traders that never work this out
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Hi Trader28Lite,

I think that is somewhat of a fallacy, or at least it doesn't apply to all markets. When I was trading the Nikkei225 (SGX contract) I noticed that they didn't play the same games in the book to the same extent that they do in the USA session. It very often would still be moving towards the size in the book.

The same could be said for DJ Euro Stoxx50 on Eurex. They still do it, don't get me wrong. Just not to the same ridiculous extent that happens when USA traders come to play. You can certainly tell when the USA traders have woken up and start trading on Eurex because this behaviour you describe becomes extreme. It's like comparing day with night.

My reasoning why it keeps working is for psychological reasons. Psychologically, most people find it easier to trade counter trend then to trade with the trend. So many traders like to line up and pick a pivot high/low. These guys typically have low tolerances (tight stops) and get out quick, thus further fueling the momentum. It is addictive though, because it is rationalized as, "I was just a little bit early, I'll try again at X price level". Sometimes it works for them, sometimes it doesn't. My hunch is that it works after the guys with the stops too close get taken out.

Anyhow, just another perspective. Who knows the real reasons. The above is my model.

Kind regards,
MK
 
Quote from Trader28Lite:

It's a zero sum game, for every buy there is a sell

The truth is the heavy hitters put phantom orders in to suck Joe Schmo in and pull them at the last minute before they go in the opposite direction, oldest trick in the book but it keeps working because there is an endless supply of new suckers drawn to trading and quite a few old traders that never work this out
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that's true but the catch is becuase buyers see the up trend coming they start placing their orders at the current ask price, that eats all the orders at the market price sell or buy

what you see in the DOM are the sellers who are not willing to bring their price to the current market price but keep it close to it, where by all the buyers have exectuted their order at the current market price or ask price
 
What poker player in the world turns his cards upside down and shows everyone at the table what he has before bets are laid?

Ask yourself that question, then ask yourself if the heavy hitters are stupid enough to show everyone their orders before pulling the trigger
 
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