How we can Predict the Share base on Order Book

samank · 1 How we can Predict the Share base on Order Book Sat Jun 18, 2011 9:00 am

samank

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Please advise me in this regards.

jake · 2 Re: How we can Predict the Share base on Order Book Sat Jun 18, 2011 10:33 am

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It might not be the smartest thing to do because there can be huge dummy orders and things change all of a sudden.But in some cases by taking a look at the first few bids and offers the interest in the particular equity can be predicted.

asitha · 3 Re: How we can Predict the Share base on Order Book Sat Jun 18, 2011 10:47 am

asitha

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prediction should be based on experience not only BIT OFFER rate.IF u see DFN or CDAX , u can see huge buy rate rather than offer rate.out of them some are changing very immediately .then u can come to a decision whether is going up or not.may be u should familiar with previous day closing price. DO NOT PUT ORDERS AS YOUR WISH,......p;ease aware the announcements published by the CSE.its help to us to decide the market condition ...take your own DECISION Very Happy

upuldi · 4 Re: How we can Predict the Share base on Order Book Sat Jun 18, 2011 11:31 am

upuldi

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http://www.stanford.edu/class/msande444/2008/OrderBook.pdf

Read this :
http://daytrading.about.com/od/daytradingmarketdata/qt/LevelILevelIIMarketData.htm

by looking at the order book simply you can have an idea of which are the fake orders and orders for speculation. Sometimes you will see some orders are pulling back from their positions continuously once they are close to make a transaction. Those are not mean to be real orders.

ISURU · 5 Re: How we can Predict the Share base on Order Book Sat Jun 18, 2011 11:35 am

ISURU

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Good discussion.. +rep from me

samank · 6 Re: How we can Predict the Share base on Order Book Sat Jun 18, 2011 12:37 pm

samank

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Thanks for all comments, Lets descuss more

thilankad · 7 Re: How we can Predict the Share base on Order Book Sat Jun 18, 2011 1:09 pm

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is direct fn give full order book or first few only

in bottom of order book may have fake orders

Slstock · 8 Re: How we can Predict the Share base on Order Book Sat Jun 18, 2011 2:25 pm

Slstock

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Do not totally depend on order books at CSE. Most time they can be deceiving.

Buy can be 100000 and sell can be 1000 but scroll down and see whether there is a order for 99900 at the bottom at 50% less value.

At the same time (through this should not be followed at all times , a somewhat positive signal is when there are consecutive buy orders with considerable voulme at very closes prices to the selling price and there are less sellers.

godswen · 9 Re: How we can Predict the Share base on Order Book Sat Jun 18, 2011 5:21 pm

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And always try identify fake buy orders, some huge bids are there to create a fake interest, yet you can benefit from them but very risky, when the price go up to another level, those fake orders disappear and the price fall again, but by that time, as tubal says, dumb money has already been shaken out!

xhora · 10 Re: How we can Predict the Share base on Order Book Sat Jun 18, 2011 7:01 pm

xhora

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thilankad wrote:is direct fn give full order book or first few only

in bottom of order book may have fake orders

DFN gives top 10 bids/offers But CDAX gives the full order book

stumpy · 11 Re: How we can Predict the Share base on Order Book Sat Jun 18, 2011 10:24 pm

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There was a time where we can predict upward movements of shares just by looking at order book before 2009 or early 2010.

but not now my dear friend... never take decisions according to order book!