Iceberg Orders Explained: 1203 Contracts Hidden Behind Just 20

Iceberg orders are one of the hardest things to spot in order flow, because they are designed to stay hidden. In this video I break down a live example on ES futures where 1203 contracts were absorbed at a single price level, while the ladder only ever showed around 20 resting on the bid.
Here is what you will learn:
How aggressive sellers hit the bid at 7418 and the first absorption of 234 contracts
Why price held, bounced around 20 ticks, then came back
How 1203 contracts were absorbed while the visible resting size stayed near 20
Why an iceberg looks completely different from a single large limit order
How to spot icebergs by combining resting limit size with actual traded volume
What usually happens after a level like this finally breaks
The key takeaway: you cannot spot an iceberg from the resting limit orders alone. You have to read the resting size together with the volume that actually trades through the level. When far more contracts absorb at a price than the ladder ever displayed, that is your signal.
Oflow is a native order flow suite for NinjaTrader 8, featuring a fully customizable DOM and Footprint. It shows you aggressive buyers and sellers, absorption, imbalances, volume profile, VWAP, and more, all in real time.
Lifetime license, no subscription, at oflowtrading.com

Follow Oflow:
X: https://x.com/OflowTrading
Website: https://oflowtrading.com
#orderflow #icebergorders #ninjatrader #futures #daytrading #scalping #emini #es #volumeprofile #footprint #dom #absorption #tradingtools

Видео Iceberg Orders Explained: 1203 Contracts Hidden Behind Just 20 канала Oflow Trading