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Can anybody please explain what indication is there in this TnS, especially in the boxed area, that says that buyers are retreating and sellers are coming?
I may sound stupid to ask this question, but I am newbie..please cooperate
Please note that in this TnS, new entries are added at the bottom, unlike the TNS in Ninja..
i do not know what does it mean that buyers dissapear))) probably there is no more big limits on the BID
you see here agression of the seller. This is breakdown of the support level.
I have seen this also but didn't know how it could be happening. They selling heavily(printing at BID), the BID is not even that big, but yet the BID remains the same size! I will need to read about algorithmic trading.
actualy you are looking and stare at the tape to not be fooled by this DOM jumping dumping. Than you see the print this is mean that there was a trade and there was bid and offer and transaction. All of this fooling things in DOM are not bother you, cause you see the truth of order flow. Thats why you do not need at the first time concentrate at the DOM or level 2. You think i belived everything in DOM or level 2? No way))) Only tape. I see print i see reaction and the price at print was. I do not know much about algo and this is not care for me)) I dont need this. But thats your point of what you want to do)))
Just a light look at the DOM and you understand how much algo there are. Look how quickly limit order 1500-2000 take off and pulled higher than take off and pull lower. Human not capable to do such fast operations. 40% of volume in the DOM is fake and it is called "Scarecrow" or "Cap" or "Damper"
But all of actions to fool you with DOM are crushed if you are waiting good BIG juicy print that let you know 100% here big guy.