For the time being, Level 2 looks thin with an ASK
Post# of 75384
(Total Views: 923)
Posted On: 08/22/2018 11:06:47 AM
For the time being, Level 2 looks thin with an ASK at .0105 (low size of 10,000) then the next MM ASK jumps to .011 size 54,404, then .0114 size 60,130. These thin ASK levels often precede a bounce back to those ASK levels. We'll see if that plays out this way.
There is often games played by MM's where they put up a big ASK size or BID size like for over one million, only to take it down within minutes and the actual trading volume does not move by that much. They do that on the BID to show a "floor" at that level, AND will also often do it on the ASK to make it appear there strong selling pressure at that level, to sway sellers to sell early, but then retract it without that actual volume. MM tricks that I have read about.
There is often games played by MM's where they put up a big ASK size or BID size like for over one million, only to take it down within minutes and the actual trading volume does not move by that much. They do that on the BID to show a "floor" at that level, AND will also often do it on the ASK to make it appear there strong selling pressure at that level, to sway sellers to sell early, but then retract it without that actual volume. MM tricks that I have read about.
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