Passive buyers are absorbing the selling. Large institutions are catching the knife.
: The book posits that price movements are not random but the result of imbalances between buy and sell orders. The "Virtual" Order Book Order Flow Trading For Fun And Profit Pdf
The title of the sought-after PDF implies a crucial psychological shift. Trading is usually stressful, anxiety-inducing, and financially dangerous. How can it be "fun"? Passive buyers are absorbing the selling
: Goldsmith teaches readers how to construct a mental or virtual order book from standard chart information to identify where traders are likely placing stop-loss orders Exploiting Liquidity The "Virtual" Order Book The title of the
If you see price rising, but a footprint chart reveals that every tick up was fueled by aggressive sellers (selling into the bid), you know the rally is a trap. That is the "profit" part of the equation.