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There are two buttoms down in the charttrader representing the bid and ask prices with the volume that resides at those levels.
How do you use this information? What kind of information can be seen here at all?
For example: Keyword: "eating orders" - sometime bid or ask raise dramatically, but the price stays, where it is. So this could be a good sign for strong support or resistance?
Is this maybe (probably) discussed somewhere else here already? Thanks!
Waiting, Discipline and Patience Pays!
Can you help answer these questions from other members on NexusFi?
Yes, thatīs what i mean. Thank you.
Iīm curious, if we can get some good informations out of it.
E.g. i see sometimes "B" raising dramatically but the price doesnīt change. This could mean, that weīve hit a strong support, or?
You can pull up several levels of the "Book" in many software packages.
Some traders use it and give it more value that it deserves.
Others swear by or at it.
It is important to remember, this information is not 'Trades' but only shows orders pending.
Looking at other things is much better information IMO.
I suggest you look at tools such as JigSaw tools or 9G to get a look at a more complete picture.
Here are some threads on nexusfi.com (formerly BMT)
Maybe someone will read this and it will save them some money some day.
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Enjoy your search for the grail
Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
Waiting, Discipline and Patience Pays!
