What could I learn by looking at Bid And Ask?

Hello

Yesterday, I was looking the variation from the bid and ask volume and price. There is a tug of war between seller and buyer

By looking at the variation of volume and price for the Bid and Ask, is there something that I could deduct witch side could be winning

With the snap picture that I took, We see that There was a
BID: 150K @ 1.2855
ASK: 6.6 M @ 1.2855.5

Any info appreciated

Martin

there is a lot of things you can learn by the bid/ask

that is the true market, you record the bid/ask the lowest it goes in one hour the highest it goes and the close at the end of the hour and you got an hourly candle.

as far as your volume in forex..... it does not exist but it tells you what your broker order flow is at the moment and how it favors one side or the other.

by watching the bid/ask and REALLY think about how to profit from trading purely from the bid/ask you start to come up with ideas that we already use in TA. the FUNDAMENTAL AND IMPORTANT DIFFERENCE is your philosophy will change and you will see the market better.

it is impossible to predict the bid/ask but you can find patterns, behaviors, widening of quotes, and spread etc....... i recommend you stare at it for hours and devise a plan to trade it. Odds are you will come up with a chart and TA from it but you will UNDERSTAND THEM.

I would say nothing. Too many phantom orders - like hit:withdraw:withdraw, etc... Orders come and go within milliseconds at the bid/ask, and is not logical for the human eye.
If you want to get into tape reading...I would say that is mostly out of circulation these days for a lot of reasons. Most hardcore tape traders I know have moved on to simply using the 5-sec chart with volume; which of course works like garbage in Forex, but you can see its use in Futures/Equities.
Best of luck.