EURO - iceberg order

Discussion in 'Financial Futures' started by Liberty Market Investment, Feb 2, 2023.

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    A few days ago (31.01) after the opening of the European stock markets, at the local low, there was a level where the big guys were trading with Iceberg-orders. I immediately used this opportunity to make a buy trade, which is still accompanying at the moment.

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    Tick Chart level 1.084

    Note the ticks at this price. The imbalance filter is highlighted in green and the values in these ticks are total volume. And the buyer/seller delta in each tick is on the buyer's side.

    A large order - sell limit was already seen at 02:40. It's not hard to spot - look closely, the buyers couldn't even push the price higher by a tick. And there was a pending order of 120 contracts.

    At 02:46, the situation was repeated. Then it was decided to place limit buy orders with the total volume of 6 contracts.
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    In the slide above on the left, the bar chart and custom market profile show a total transaction volume of 1841 contracts and a buyer-seller imbalance of 1405. The very high percentage of buyers out of the total volume confirms once again the right decision regarding my purchase.

    Then it was a matter of technique and importantly - effective management of the position.

    2200 $ - fix profit
    4425 $ - floating profit
    Out of 6 contracts 2 are still working

    Author / trader Mikhail Lemach
    If you have any questions: mihaillemah@gmail.com