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phrantic

10/18/10 4:19 PM

#1704 RE: threewheeler #1703

Even healthier to be a tick or two above.
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RedStick

10/18/10 4:32 PM

#1707 RE: threewheeler #1703

That's correct. When a trade goes through at the bid, it is the seller who initiated that trade (he met the bid price). Thus, that trade is recorded as a sell. When a trade goes through at the ask, it is the buyer who initiated the trade (he met the ask price). Thus, that trade is recorded as a buy.

Most programs record trades that go through in between the two as "unknown" volume.