[brownsfan019]

One attraction to the DOM's with futures trading is trying to 'see' where the market might go based on the volumes shown on the dom. I've read posts where newbies fall into this trap.

I wanted to provide an example I saw today and over time we'll see if myself or others can provide some snapshots for review.

The point is simple - to show that there are plenty of games that go on with the DOM and in my opinion, placing too much (or any) weight in them can be a slippery slope.

[Reaver]

Thanks for the info man, nice to know.

[hanz]

yup

saw that many times too

guess u just cant trust the DOM

also OEC trader has iceberg feature

hope they will add T&S on the next upgrade

[brownsfan019]

And some more today...

[brownsfan019]

What I've noticed here is that when you see heavy buyers or sellers sitting, they can act like a magnet. Price seems to gravitate towards them.

Now the question is why... why does price want to gravitate there (if it in fact does on a regular basis)? Are trades being filled there or do 'they' know that 'they' can create artificial pressure?

The above post I put was a great example. There appeared to be heavy sellers a few times and price has continued to rise. At first glance, it would seem that there was some possible resistance there; however, that was not the case at all...

It would be interesting to see some documented research on this topic. Is there really something there to use? If so, could it be used in a discretionary approach or would this require ultra-fast timing by computers...

Just some ideas, a little talking out loud here.

[Minetoo]

There was some discussion a few years back about implementing a punitive fee for lifting the bid or offer, so traders could get a truer picture of market demand. It died a quiet death.

[brownsfan019]

Originally Posted by Minetoo »

There was some discussion a few years back about implementing a punitive fee for lifting the bid or offer, so traders could get a truer picture of market demand. It died a quiet death.

Wonder why.

[brownsfan019]