[daVinciLite]

Originally Posted by DionysusToast »

ALL ASPECTS? Really?

As an example - tracking large traders is a key element of using tape. Actual volume is not so much the key but which side the large trades are on is. So - you could see thousands of 1 lot sell market orders going through but also 5 or 6 1000 lot buy market orders at the same time. Retailers doing one thing, institutional traders doing another.

I don’t know if you are trading any of the CME products, but if you are, what you think are market orders area really limit orders. The CME implemented these changes in late 2009. There is no way on tracking large market orders on any of the CME products that underwent any of the changes.

Is It Bots Or The Exchange Engine - PriceActionRoom's library

-dVL

[FulcrumTrader]

BTW, the algorithmic automated trade entry programs large liquidity participants use put orders into the market this way now...........

‪Phalanx (CIWS) Block 1B LPWS Testing and Firing‬‏ - YouTube

‪Phalanx (CIWS) Block 1B LPWS Testing and Firing‬‏ - YouTube

They "spray" in liquidity (small lot "sequenced" trades) to MASK their entry into the market......up to 950 single lot entries in ONE SECOND capability.....woooo!

[FulcrumTrader]

....and for this reason I pay attention to the Cumulative Delta AND Cumulative Uptick/downtick (of trades....NOT of volume).

Both of these items are logic inputs to the PROX Bars.......

‪PROX Bars Basic Intro (logic based price bars)‬‏ - YouTube

‪PROX Bars Basic Intro (logic based price bars)‬‏ - YouTube

[DionysusToast]

Originally Posted by daVinciLite »

I don’t know if you are trading any of the CME products, but if you are, what you think are market orders area really limit orders. The CME implemented these changes in late 2009. There is no way on tracking large market orders on any of the CME products that underwent any of the changes.

Is It Bots Or The Exchange Engine - PriceActionRoom's library

-dVL

Well, actually there is - but I presume forum rules prevent me from pointing you in the direction of the product.

BTW - I'm the guy "Pete" mentioned at the start of that video