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Lesson Learned

01/04/12 11:05 AM

#21043 RE: peorge #21041

Market Makers (Money Makers LOL) have L3 (allows entry of trades) which would give much more information than L2.
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CLAK

01/04/12 11:10 AM

#21044 RE: peorge #21041

MM's receive money for every trade, they don't care if it's technically a buy or sell.
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CLAK

01/04/12 11:28 AM

#21049 RE: peorge #21041

At the end of the day there will be money counted on both sides of the trade so the bid and ask determine whether it is a buy or sell. Trades between the Bid and Ask cannot be determined by this so they are considered unknown.