The Mechanics of Running the Book?

murray t turtle said:
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FUN read, the part I'm reading. They started with EF Hutton, 1982:D:D
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Forgot about EF Hutton - kind of makes me feel old - forgot - I am old - damn.

I used HL Camp - for 2 years or so - back in 1999 - 2001. While I liked it at the time - the way I traded changed quite a bit. I stopped trading Equities - decided just to trade Futures only. When I started trading Futures - I used several Indicators in the beginning. Eventually - I started trading Futures - looking at the Current Bar only - rather than looking back months and years. So - my trading has really changed over the years.

I am sure - HL Camp may help some traders - depending on what and how they trade. There were some other services - kind of similar to HL Camp - but - in my opinion - they were the best.
 
VSTscalper said:
Forgot about EF Hutton - kind of makes me feel old - forgot - I am old - damn.

I used HL Camp - for 2 years or so - back in 1999 - 2001. While I liked it at the time - the way I traded changed quite a bit. I stopped trading Equities - decided just to trade Futures only. When I started trading Futures - I used several Indicators in the beginning. Eventually - I started trading Futures - looking at the Current Bar only - rather than looking back months and years. So - my trading has really changed over the years.

I am sure - HL Camp may help some traders - depending on what and how they trade. There were some other services - kind of similar to HL Camp - but - in my opinion - they were the best.
More...
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Looks like HL Camp is better than average on their research, even though I moved on from their noted William %...........
EF Hutton had an UNforgettable screen shot. It was a nice fancy food place with silverware forks.
Some one said ''my broker is EF Hutton '' + all in that fancy food place threw down their silver forks[clink, clink] + listened :caution::D:D'' When EF Hutton Talks, People Listen:caution:
We don't need no rockin' chair,
Geritol or your Medicare.
I ain't ready for the junk yard yet;
I feel like a new Corvette.
G Jones . >3.5 million video views. From the Album Walls Can Fall
 
Ayn Rand said:
I see this all the time. Market is trending down. After a respectable decline there is a volume spike and the price reserves. (QQQ/SPY)

What is the characteristics of this spike in volume generating a price reversal?

Is it a single order? Is it a market order? How is a large market order processed against the book?

I have seen this kind of action near low of the day that makes sense but also at higher levels.

Why run a big buy program after a relatively large increase in price?
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It depends on context, in one particular setup, it would be purging available liquidity on the book, transferring wealth from the uninformed to the informed.

There are those that want to buy/sell and there are those that have to buy/sell.

Those resting and pending orders are targeted by those with deeper pockets and trade longer timeframes.
 
FreeGoldRush said:
What makes you think the spike in volume was the catalyst that reversed the price?
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IT does sometimes\
but have to read price data, left to right.
So plenty of times another spike happens+ more + volume spikes add to the picture.
Fund customers have a habit of panic selling+ the funds simply have to sell sometimes.
 
VSTscalper said:
Forgot about EF Hutton - kind of makes me feel old - forgot - I am old - damn.

I used HL Camp - for 2 years or so - back in 1999 - 2001. While I liked it at the time - the way I traded changed quite a bit. I stopped trading Equities - decided just to trade Futures only. When I started trading Futures - I used several Indicators in the beginning. Eventually - I started trading Futures - looking at the Current Bar only - rather than looking back months and years. So - my trading has really changed over the years.

I am sure - HL Camp may help some traders - depending on what and how they trade. There were some other services - kind of similar to HL Camp - but - in my opinion - they were the best.
More...
I used it for a bit back then also. A guy I traded with split the cost. After he walked away and back to his actual job full time I decided to drop it.
 
Ayn Rand said:
I see this all the time. Market is trending down. After a respectable decline there is a volume spike and the price reserves. (QQQ/SPY)

What is the characteristics of this spike in volume generating a price reversal?

Is it a single order? Is it a market order? How is a large market order processed against the book?

I have seen this kind of action near low of the day that makes sense but also at higher levels.

Why run a big buy program after a relatively large increase in price?
More...

You can follow the tick index to approximate whether a big move in volume is happening all at once (potentially a buy program).

Most trades happen during open and close, so you need to look at the pct change vs. seasonally adjusted expected level.
 
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