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So guys are you ready to go down if there would be sellers? We are back testing breakouts down, be accurate and do not let fool you. There still bear market.
I do not have time to dig in this man. I am just trading. Cut losses, manage trades, look for oportunitys.
Todays trades
May be hold this last one to close of RTH session. WHo knows))
Yes i am in. It was terrible market for me last two months. 2-3 trades per a day and big risrks. I hope with good news market will calm down and became more tadeable. Last two months i was not trading and surviving.
Time to time i watch how this thread is go on. It is a pity it almost die.
Why would the Large players show their limits in Level 2. By this way, they are just telling the public where they are going to buy or sell. They will hide as much info as possible.
This is my new research paper and I hope the seniors will agree with me in this topic that, big players will NEVER SHOW THE SIZE OF THEIR BID.
They will place a large bid BUT, they will show only 100-200 units instead of 50000 units.
Only way to recognize if there is a large pro bidding is to search for bids that are:
1. Not showing size, and
2. It is rising up.
Please look into the attached video.
1. Time= 00:19...bid size =154 but bid rate rising from 66.60 to 66.65
2. Time= 00:22...bid size =153 but bid rate rising from 66.70 to 66.75 to 66.80 to 66.85.
While these bids were rising, not a single trade was reported.
Dear seniors, have I pointed out something important or was that useless??
If that was important, let me ask whether we will search for this phenomenon only in the Best Bid or all bid levels below it? Does all of them indicates the presence of a big buyer?