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Smart money in NQ
- Thread starter veggen
- Start date
Quote from jdeezero05:
Filters are pointless.
"Smart Money" is going to fragment their orders...
When institutions are hedging their positions and buying/selling thousands and thousands of contracts, do you seriously think they can fragment their orders so much that it wont show on my >50 filter???
please.........
Hello,
Try Nasdaq data store, the Market Force and Market Velocity or (beta) Pathfinder still under development for short term. Both from exchange to show overall buy/sell pressure. Don't let the price scare you away*! The speedo type screen on market force should be available first of year according to support.
Regards,
*Free to 5$/mo.
Try Nasdaq data store, the Market Force and Market Velocity or (beta) Pathfinder still under development for short term. Both from exchange to show overall buy/sell pressure. Don't let the price scare you away*! The speedo type screen on market force should be available first of year according to support.
Regards,
*Free to 5$/mo.
Quote from thegress:
Hello,
Try Nasdaq data store, the Market Force and Market Velocity or (beta) Pathfinder still under development for short term. Both from exchange to show overall buy/sell pressure. Don't let the price scare you away*! The speedo type screen on market force should be available first of year according to support.
Regards,
*Free to 5$/mo.
Buy sell preassure indicators already exist? Could you maybe provide a web page where I can find some more information? Sounds interesting.
veggen
<i>"When institutions are hedging their positions and buying/selling thousands and thousands of contracts, do you seriously think they can fragment their orders so much that it wont show on my >50 filter??? please........."</i>
It doesn't work that way. #contracts reflected in blocks on your T&S dome have nothing to do with how they are entered. The data shows how they got filled.
If you are "smart money" and place an order to sell-open 100 NQ contracts on Monday, your block may be filled on the other side like this:
37
14
2
6
4
17
19
1
**
That whole string goes off within one second's time on the dome. It is your 100-lot being filled across first resting orders as they appear in line. Nowhere can you see 50-contracts traded as block size... when in fact it was a 100-contract block going off.
See the difference? Reading block trades on a dome is not simple as setting some arbitrary filter and using that data for anything worthwhile.
Everything necessary to know exists in the chart itself. T&S domes are 99.5% red herring.
It doesn't work that way. #contracts reflected in blocks on your T&S dome have nothing to do with how they are entered. The data shows how they got filled.
If you are "smart money" and place an order to sell-open 100 NQ contracts on Monday, your block may be filled on the other side like this:
37
14
2
6
4
17
19
1
**
That whole string goes off within one second's time on the dome. It is your 100-lot being filled across first resting orders as they appear in line. Nowhere can you see 50-contracts traded as block size... when in fact it was a 100-contract block going off.
See the difference? Reading block trades on a dome is not simple as setting some arbitrary filter and using that data for anything worthwhile.
Everything necessary to know exists in the chart itself. T&S domes are 99.5% red herring.
Quote from austinp:
<i>"When institutions are hedging their positions and buying/selling thousands and thousands of contracts, do you seriously think they can fragment their orders so much that it wont show on my >50 filter??? please........."</i>
It doesn't work that way. #contracts reflected in blocks on your T&S dome have nothing to do with how they are entered. The data shows how they got filled.
If you are "smart money" and place an order to sell-open 100 NQ contracts on Monday, your block may be filled on the other side like this:
37
14
2
6
4
17
19
1
**
That whole string goes off within one second's time on the dome. It is your 100-lot being filled across first resting orders as they appear in line. Nowhere can you see 50-contracts traded as block size... when in fact it was a 100-contract block going off.
See the difference? Reading block trades on a dome is not simple as setting some arbitrary filter and using that data for anything worthwhile.
Everything necessary to know exists in the chart itself. T&S domes are 99.5% red herring.
So you are not using T&S austinp?
The times I use it, and find it quite usefull, is when approching important S/R zones. I look for big orders below/abowe bid/ask. I also look for big orders when break out of patterns.