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I have a bid ask tool that outlines every different trader, so I can see when and where one close his trades.
It would be nice if u could elaborate more how u figure out it on one minute chart.
Thanks.
Take your Pips, go out and Live.
Luke.
Can you help answer these questions from other members on NexusFi?
I've read your post 3 times and I still don't understand what you're saying. For every buyer there is a seller so if the volume of your bar is 1000 then there are 1000 contracts bought and 1000 sold. Maybe you could try to explain your point again? Maybe you could show a chart with some of your trade ideas to make it more clear.
I can't post a chart yet...need 5 posts..but who takes your order is the answer to the question....there is a buyer for every seller...it just may not be someone from the "public"
and when public is selling hard....he is doing one of 2 things......gonna accumulate a buy position...and profit take in an up move.......or he may already have an accumulated sell position and he is profit taking in the down move to all the public sellers.....just think @ it for a second...if in my example there are 600 extra sellers in that bar....some has to be the buyer for those 600 to make or lose money to.....and probably the only one able to buy on the bid...is.....
"the guy running the market".....in this example is much to think @ on how the markets work. and the auction process.
but this can be seen and tracked on a one minute chart of the ES.
if a market is trending up....would you think that for every buyer there is a seller....say from the "public" or off the exchange floor....not likely if market is going up all kinds of indicators will say buy......there'd be many more buyers......and the question is who is the 'ONE' guy selling to all of them.
one of the main questions @ the markets is never really answered by ppl...
1. what are the markets for?
2. who?
I don't even have to fill in the rest of question 2...the question part....
when you answer question 1. you will know the answer and what question 2 is.
Ok now I understand. You're talking about the market maker(s).
So now the question is how do you track this on a 1 minute chart?
If you use Jing (free) you can easily capture charts and share them. This is what I use, just make sure that you don't accidently delete them from the server like I did a few weeks ago.
Took a few real money trades today, it's been weeks. My practice on SIM was well worth it as I got 10 pts today (5 real & 5 sim). I haven't had 10 pts on ES since the end of September.
I took one trade on IB, I was going to hold it for a while but then I decided that I didn't like it. It ended up dropping 3 more pts without me but what the heck I got out with a few ticks and can reshort at a better price.
I got another 2 pts on x-trader sim but it was lagging so bad I had to switch to the Ninja DOM. The fact that it was lagging could be partly responsible for the 2 pts I got. I'd click to enter and get the price of 30 seconds ago. So those don't count.
look at tests of the highs into the val of today...look at volume and ask delta on 2 of the tests...if you shorted at highs your risk is low... alot lower than the gain you could get.
the ppl run markets... accumulate positions then profit take....you try to see the accumulation part and profit take along with them....use as low a risk entry as you can....sell the highs they acc at....or buy the lows that they acc at.
risk a little to make alot..with real edge in your hands....price/vol/bidaskdelta.