Topic: Same order in Buy and Sell order book - Explain please? (Read 156 times)
this is called the pope, where he wants to make profits from short-term trading, just look at a large amount even if only a little difference is profitable for him a lot, so that person only wants to get the people who are in the middle of selling it to him cheaply while he sell it at a high price even though it only has a small difference but it is profitable for him, true it is the same person so he wants low and high prices to be limited by him on buy and sell orders so he can benefit from small fish in the middle
the same order does not mean the same person. but if it's the same person, I think there's no problem. because someone who has big funds can do that. half to sell, and half to buy. I often do that. make 2 different orders. but not with large funds. and for bots, they usually move fast.
Can someone please help me understand what's going on in this order book? This is a screenshot of the XRP/USDT order book from Poloniex today. I have often noticed that there is a sell order and a buy order of almost the same size (usually quite large) and I think it is the same person doing it (either manually or using a bot)
This likely happened if someone is using a tool while trading but there are instances also that it was traded manually by the same person like it is his/her favorite number for trading.I can say that it is only normal and there are no problem with the exchange. Trading is somewhat profitable if you really know what you are doing and many are doing this in order to obtain a better ROI so there is a big chance that it is one of their trading technique only.
you can find this kind of behavior in many coins order books
my guess that its the market makers or the exchange itself bots
my guess that its the market makers or the exchange itself bots
Can someone please help me understand what's going on in this order book? This is a screenshot of the XRP/USDT order book from Poloniex today. I have often noticed that there is a sell order and a buy order of almost the same size (usually quite large) and I think it is the same person doing it (either manually or using a bot)
[ig]https://images2.imgbox.com/43/6b/AB0xvRnA_o.png[/img]
[ig]https://images2.imgbox.com/43/6b/AB0xvRnA_o.png[/img]
ya its just a bot man, nothing special
see this alot actuallyThey work in exact #'s, so when they are doing "ping pong" trading they are creating liquidity sometimes themselves to bounce orders
i have done it myself, notthing special, it works most the time, small gains, few % over a day sometimes if your lucky and a few others are doing the same thing
Thanks for the insight everyone.
Can someone help me understand much more in details with an example how this strategy will help make profit?
Let's say, current market price of the coin = 10 USD
The person sets a Sell order for 50000 coins at price 12 USD
And a Buy order for 50000 coins at price 8 USD
2 questions:
1. What impact will it have on the market when these Buy and sell orders are opened? Do these big orders move the price even when they are not executed? I know its a basic question but I am new to trading.
2. How is the profit being made here?
It depends on the total marketcap value of that coin,if the number of coin is somewhere near to 1-2% of total supply then surely it will be effected on the price but on coins like XRP which got huge marketcap value at the moment won't have much effect on price.Can someone help me understand much more in details with an example how this strategy will help make profit?
Let's say, current market price of the coin = 10 USD
The person sets a Sell order for 50000 coins at price 12 USD
And a Buy order for 50000 coins at price 8 USD
2 questions:
1. What impact will it have on the market when these Buy and sell orders are opened? Do these big orders move the price even when they are not executed? I know its a basic question but I am new to trading.
2. How is the profit being made here?
If both trades gets completed then that use can make $4 per coin and totally 200K profits and exclude the trading fee which is still huge profit right?
Thanks for the insight everyone.
Can someone help me understand much more in details with an example how this strategy will help make profit?
Let's say, current market price of the coin = 10 USD
The person sets a Sell order for 50000 coins at price 12 USD
And a Buy order for 50000 coins at price 8 USD
2 questions:
1. What impact will it have on the market when these Buy and sell orders are opened? Do these big orders move the price even when they are not executed? I know its a basic question but I am new to trading.
2. How is the profit being made here?
Can someone help me understand much more in details with an example how this strategy will help make profit?
Let's say, current market price of the coin = 10 USD
The person sets a Sell order for 50000 coins at price 12 USD
And a Buy order for 50000 coins at price 8 USD
2 questions:
1. What impact will it have on the market when these Buy and sell orders are opened? Do these big orders move the price even when they are not executed? I know its a basic question but I am new to trading.
2. How is the profit being made here?
Can someone please help me understand what's going on in this order book? This is a screenshot of the XRP/USDT order book from Poloniex today. I have often noticed that there is a sell order and a buy order of almost the same size (usually quite large) and I think it is the same person doing it (either manually or using a bot)
The prices are different.
If you have a buy order of 100 units at price 1, and a sell order of 100 units at price 1.10, then your profit is the difference less trading fees.
This is how market makers make their profits.
Can someone please help me understand what's going on in this order book? This is a screenshot of the XRP/USDT order book from Poloniex today. I have often noticed that there is a sell order and a buy order of almost the same size (usually quite large) and I think it is the same person doing it (either manually or using a bot)
Most likely this is a robot that earns small amounts on the difference when buying and selling. Also, market makers often place large orders and move the price in the direction they need. When the price approaches these values, their order is shifted by several points.
Not really exact based on your images maybe this is a bot or a person with a good amount of money that can putting both buy and sell order you can encounter this kind of situation when you are in real trading because based on my experience most whales and botcan put this one.
According to your image, the size you are talking about is the XRP it is the amount of XRP with a little difference in the amount.
The difference is only 1 XRP so I guess the 1XRP is for the exchange fee.
I don't know if it is a bot but for me, I think he can set it manually? If the price of XRP increases buy will trigger then if the price will continue to increase the sell will trigger and make a profit?
This is another good trading strategy since he is trading with USDT he is far from losing profit and this strategy is mostly used on trading with USDT or any stable coin.
I don't exactly know the name of this strategy but its interesting strategy and it's good if the price of XRP keeps increasing.
Here's what I mean.
The difference is only 1 XRP so I guess the 1XRP is for the exchange fee.
I don't know if it is a bot but for me, I think he can set it manually? If the price of XRP increases buy will trigger then if the price will continue to increase the sell will trigger and make a profit?
This is another good trading strategy since he is trading with USDT he is far from losing profit and this strategy is mostly used on trading with USDT or any stable coin.
I don't exactly know the name of this strategy but its interesting strategy and it's good if the price of XRP keeps increasing.
Here's what I mean.
Those values are not exact. 
Possibly from the same person who have good amount of capital invested on crypto trading and looking to make small amount of profits by making the selling price slightly higher than buying price.
Can someone please help me understand what's going on in this order book? This is a screenshot of the XRP/USDT order book from Poloniex today. I have often noticed that there is a sell order and a buy order of almost the same size (usually quite large) and I think it is the same person doing it (either manually or using a bot)
https://images2.imgbox.com/43/6b/AB0xvRnA_o.png
https://images2.imgbox.com/43/6b/AB0xvRnA_o.png
Jump to: