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Bids and offers: Lets find them

  • Post #1
  • Quote
  • First Post: Apr 26, 2007 4:39pm Apr 26, 2007 4:39pm
OK, i'm kinda familiar with the effects of heavy bids and offers. THese have potential to reverse a trend at psychological levels (supp. Res, trendline).

I'm thinking if someone here has some form of method to find these other than the technical way then it might be of good help to us all



Don

ps. i know oanda have an excel file that shows the orders they have at various prices
Quoting don perry
OK, i'm kinda familiar with the effects of heavy bids and offers. THese have potential to reverse a trend at psychological levels (supp. Res, trendline).

I'm thinking if someone here has some form of method to find these other than the technical way then it might be of good help to us all



Don

ps. i know oanda have an excel file that shows the orders they have at various prices
You can get a pretty good idea of orderflow, where the major bids and offers are, if you watch price action.
Quoting dunningduke
You can get a pretty good idea of orderflow, where the major bids and offers are, if you watch price action.
that's right!
i know that, but how about before they (movement, price action )happen?
  • Post #5
  • Quote
  • Last Post: Apr 26, 2007 5:08pm Apr 26, 2007 5:08pm
Try MParkers thread in the news trading section - some interesting info re accessing level 2 (try to skip the vituperative arguments!)
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