I'm so confused by this. I thought bids were buyers? So if the bids are buyers, WHY would the imbalance to the downside be from a lot (imbalance) of buyers? If sell means going short, wouldn't the imbalance be from a LOT of sellers vs buyers? This seems counter intuitive to me. Please set me straight on this? Thanks! Love the vids.
First, you only see the market trades printed on a footprint chart but the limit buyers are still getting hit so they effect price and volume. Sometimes greatly. So if the price moves opposite of the delta you can see where the hidden limit buyers are. But I think your confusion is that the market buyers cross over to the offer side to meet the seller to make the deal. Vice versa for the market sellers, they have to cross over the the bid side if they want to deal.
Do you guys also have the ORDERFLOWS TRADER 6.0
TOOLS for ATAs too?
LOVE YOU MAN
I'm so confused by this. I thought bids were buyers? So if the bids are buyers, WHY would the imbalance to the downside be from a lot (imbalance) of buyers? If sell means going short, wouldn't the imbalance be from a LOT of sellers vs buyers? This seems counter intuitive to me. Please set me straight on this? Thanks! Love the vids.
First, you only see the market trades printed on a footprint chart but the limit buyers are still getting hit so they effect price and volume. Sometimes greatly. So if the price moves opposite of the delta you can see where the hidden limit buyers are. But I think your confusion is that the market buyers cross over to the offer side to meet the seller to make the deal. Vice versa for the market sellers, they have to cross over the the bid side if they want to deal.