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bobbakerr
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Posts posted by bobbakerr
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I often notice what you observed. I trade CL and it's 'fun' to watch the price whoosh right through those huge orders. I came to the conclusion years ago that Price tends to move towards the Volume. The larger the Volume the more the Price will move to it, and usually take those orders out. And then keep going.
I believe it's the really Big Money seeing many contracts or shares readily available, and these Big Boys will take the price in that direction to accumulate huge Long positions or huge Short positions. It's a legal way to manipulate the market. But you need a TON of money to do it!
Testing Day of Week, Time of Day MultiCharts, 24 Hour Forex Data
in Coding Forum
Posted
Maybe this will help: (And by listing the Variables as Inputs, you can then Optimize them to see which times are best)