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Old 05-04-2008, 01:01 AM
Brookwood Brookwood is offline
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Re: Index & Currency futures- Re: Question About Time & Sales

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Hi smwinc

Just to clarify (I hope) as it appears you and brookwood are talking about two different things here. Brookwood is looking at the amount of volume being dealt at the ask price (I.e. offers being lifted) compared to volume being dealt at the bid price (i.e. bids being given). So when he (or she) says "negative volume delta" it means the volume dealing at the bid (bids being given) is greater than the volume being dealt at the ask (offers being lifted), not that volume is decreasing at a slower rate.

Brookwood - if it is I who am mistaken please let me know.
Thanks for the replies.
Mr.Ed has distilled my question correctly. (And yes, I'm a Mr. as well.)Forget the software aspect- I have now seen with two separate methods that price can rise when there is more volume and sales at the bid, and vice versa. So consider this a straight-up T&S question. This phenomenon probably even has a name. I understand the concept of spoofing but this is recorded sales not bluffing. Haven't you Naked chart T&S guys seen this?? Since I'm new at order flow I doubt what I'm seeing with my own eyes or think I must be interpreting things incorrectly.Thanks in advance for your thoughts.

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