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Date/Time: Tue, 30 Apr 2024 14:38:46 +0000

Post From: Order Flow: Depth & Sales DOM

[2013-12-11 20:24:24] Link To Thread - Link To Post [Go To First Post]
TastyRisk - Posts: 119
"This shows clearly the fake orders that are placed" They're not fake orders. They can be traded. You say that 144 were pulled off the bid... How do you even know they weren't icebergs ? Even if they weren't; How do know that it wasn't someone trying to make the market look weak and their real order was just below -hoping that you'd sell into it ?!! Actually; from what I've seen it's the static orders that are most often wrong. So, using the above information (changing bid) if the sell limit orders above weren't changing then it would be better to buy them. Try thinking like this: If there wasn't an offer then the market couldn't even trade up. The limit orders are like steps on a ladder the enables price to change. Vis-a-Vis; If someone pulls the bid then it can't trade there can it? Basically; aggressive traders move price - not passive traders or market maker's orders. Date Time Of Last Edit: 2013-12-11 20:45:51