Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Hi Tibbs
Snake in a lucky dip far more trustworthy . The Comex is a good example of manipulative trading and short term electronic ETF trading (and I mean milliseconds or used to be ) to take out at the stops leveraged big players. the only consolation is that the City players are also doing it to each other.
Welcome man on the train return for his intuitive thoughts .
Bob
After reading your explanation of the volume comparison the ftse is it any wonder that the market is so open to manipulation the whole system is set up to facilitate the skulduggery when it suits!
I am sure that the vast majority are unaware and even if they were would have difficulty in comprehending this over complicated and in my view unfit for purpose system of accounting for the markets daily trading!
'Buys' can become ''Sell" and vice versa just by moving a time frame when it suits, now that's not open to manipulation or abuse is it?
Trust he market indeed, I would rather trust a rattle snake at a lucky dip!
Hi Bob,
I'm afraid both are out of the country at the present, one back in North Africa when I hear something I will pass it on.
From what was said especially after resent events hough I remain very optimist for this year, the Endeavour may well have installed some sense of urgency and purpose that had been somewhat absent in the past!
Hi Tibbs
Rapid rise this am . Not sure this can only be a reaction to Gold breaching 1600. Any comment from "Man on the train or down the pub????
Bob
Hi Phil,
Level 2 access shows the strip ticker price eg the current best offer to buy and sell entered into the book plus those entered below or above. eg if the buy strip price is 150 then the entries in a list below that would show offers below that price . If the 150 offer is bought then the strip price would automatically go to the next best price in the list. The same works in reverse on the sell side. In a live market with strong liquidity this happens very quickly.
I have posted here as to the distinction between a retail investor and a market maker when an entry into the buy side is actually to sell to the general market at that price.
Worth trying to get a limited no cost acess to Level 2 to see how it works but be careful as to the time limit involved as cost after the free period can be quite high.
ADVFN sometimes have a trial offer period for free.
Hope this helps but if I can help further please post.
Regrds Bob
Hi Phil,
Level 2 access shows the strip ticker price eg the current best offer to buy and sell entered into the book plus those entered below or above. eg if the buy strip price is 150 then the entries in a list below that would show offers below that price . If the 150 offer is bought then the strip price would automatically go to the next best price in the list. The same works in reverse on the sell side. In a live market with strong liquidity this happens very quickly.
I have posted here as to the distinction between a retail investor and a market maker when an entry into the buy side is actually to sell to the general market at that price.
Worth trying to get a limited no cost acess to Level 2 to see how it works but be careful as to the time limit involved as cost after the free period can be quite high.
ADVFN sometimes have a trial offer period for free.
Hope this helps but if I can help further please post.
Regrds Bob
Hi Bob,
Your comments do make sense to me of the buys and sells. I can now see for example that if the share price is falling, loads of sells could show as buys if they are a little late in reporting. Would access to level 1 or 2 be more accurate or could they also show late? Is there any way to know for sure?
Thanks again.
Phil
Bobliz35 thank you again for your comments I feel the daily volume should have a directory note advising the client to see the terms and conditions under which they are supplied.
I shall remember your points in future.
Thank you Bob for your comment which I confess to not understanding but believe to be a proper description of the pros and cons of volume. When I first drew the board’s attention to the high bought listing I stated I don’t fully understand the subject as I said in the last line of my post... “or maybe it’s just something technical re volume.”
Thanks again for your reply, oh and I bet I’m older than you.
Cheers.
Hi Razor
Really appreciate your contribution to this board but the buys and sells volumes can be quite the reverse of what is shown.
Worth having look at LSE trading conditions with regards to NMS and what time frame trades have to be entered into the book It may be that to maintain a "normal market a large trade can be held for up to 3 days Lets say a sell bargain is struck at 135. When entered into the book and showing as a trade then if the price is currently at 134 it will show as a buy. Equally normal trades marked as "o" can be delayed by 5mins and entered as abuy or sell depending on the price at that time. When spreads are as tight as 0.10 then a buy or sell can be vice versa at time of entry. This explains to a large extent as to why when buy volumes are shown as double the sells the price can fall as happened recently. Equally in a share in the 100 or 250 the liquidity is governed by sellers and buyers so each sell has to be balanced by a buyer. In the AIM , discretionary and Grey market then an intermediary broking house will set the buy and sell price to ensure sufficient liquidity to make a market eg a market maker. All this a few years ago so may well have changed since then but may be basically the same.#
Very much appreciate your contribution to this board and if you know different look forrad to bringing an oldie up to date.
Kind regards Bob
Sold: 1,207,019
Bought : 2,275,523