When my brother-in-law goes to the store and he sees beer on sale, he buys a bunch of beer and says, "Just think how much money I saved!" Last week while masturbating after an exciting session in the markets I wondered if plain absolute price isn't a good thing to focus on. Instead of looking at a thousand different combinations of patterns, times, just when a good price level comes along, buy as such as you can afford. Why if you think it is a good deal, why not? Think how much money you'll save. There were some recent good deals and blue light specials for special shoppers. Then the specials came on again in the afternoon. I guess they really wanted to get rid of them.
Before there were live charts, just the ticker, the price and tape were the things to watch. The old timers talked about the speed or sound of the ticker, and that was significant to them. The way the orders got snatched up was significant to them also and the tape signified these things to them. Astute tape readers could tell who was buying and selling. Did big orders get gobbled in a single gulp, or did they get nibbled and the bait get stolen. I have not seen modern analysts talk about the rate of transactions except in terms of volume, but the tape sound would be a function of the rate or number of transactions. The time and sales show large number of big blocks hitting when things heat up. The Tokyo stock exchange asked traders to consolidate their orders to reduce the number of transactions, but did not mention the volume of shares. It was the number of transactions that broke the camel's back and shut down the exchange. The goal of CME as market maker is to set the price where the maximum transactions will occur so they make the most fees. How would an algorithm ration volume against number of orders to maximize the rate of transactions. Why does the price swoosh up and vacuum up all the sparse orders and swoosh right back down Lobogola style.
Consider the TSE news and the impact of the number of orders and executions. (no mention of volume.) The approximate number of orders and executions as of 14:32 p.m. today is as follows:
Orders: 6,400,000
Executions: 3,500,000
For the time being, Tokyo Stock Exchange will make an announcement regarding the approximate number of orders and executions at the following times: 10:00, 11:00, 14:00, 15:00
Before there were live charts, just the ticker, the price and tape were the things to watch. The old timers talked about the speed or sound of the ticker, and that was significant to them. The way the orders got snatched up was significant to them also and the tape signified these things to them. Astute tape readers could tell who was buying and selling. Did big orders get gobbled in a single gulp, or did they get nibbled and the bait get stolen. I have not seen modern analysts talk about the rate of transactions except in terms of volume, but the tape sound would be a function of the rate or number of transactions. The time and sales show large number of big blocks hitting when things heat up. The Tokyo stock exchange asked traders to consolidate their orders to reduce the number of transactions, but did not mention the volume of shares. It was the number of transactions that broke the camel's back and shut down the exchange. The goal of CME as market maker is to set the price where the maximum transactions will occur so they make the most fees. How would an algorithm ration volume against number of orders to maximize the rate of transactions. Why does the price swoosh up and vacuum up all the sparse orders and swoosh right back down Lobogola style.
Consider the TSE news and the impact of the number of orders and executions. (no mention of volume.) The approximate number of orders and executions as of 14:32 p.m. today is as follows:
Orders: 6,400,000
Executions: 3,500,000
For the time being, Tokyo Stock Exchange will make an announcement regarding the approximate number of orders and executions at the following times: 10:00, 11:00, 14:00, 15:00