how to read order book charts and time& sales as a system?

Discussion in 'Trading' started by mute9003, May 28, 2024.

  1. mute9003

    mute9003

    i cant seem to find a good explanation about the mechanics of those 3 working as s system for a trader to work with

    like what should i be looking at when looking at those 3 and what does it mean when certain events happen
    basically im trying to understand what traders are doing while im looking at those.
    (im observing an effect but dont understand the cause most of the time)

    for example when chart is moving sideways the order book has a massive green wall but all the orders are coming through red with no green.

    or when orders are coming through green with no red but the chart price is moving downward...
    just two examples i can think of. im sure there is more
     
    murray t turtle likes this.
  2. SunTrader

    SunTrader

    What they are likely doing is what they learned from 100's if not 1000's of hours of just watching. And maybe with a mentor's guidance.
     
  3. mute9003

    mute9003

    Cant afford a mentor now.
    Thats why im hanging out in forums asking questions
    Hoping that someone knows more technical stuff
     
  4. SunTrader

    SunTrader

    You glossed right over the 100's or 1000's of hours part huh.

    'The two most powerful warriors are patience and time.' - Tolstoy

    Which applies to learning ... anything.
     
  5. mute9003

    mute9003

    Looking at charts without any context or understanding is not gonna teach me anything.
    I take a computer apart 1000 times thats not gonna help me understand how it works
    Please stop derailing this post if you dont know the answer.
     
  6. mute9003

    mute9003

    i want to understand how they work as in technical details not observation. Observation gives me nothing without context or understanding whats happening at the exchange level or understanding what moves those things or what traders are doing when those things move
     
  7. SunTrader

    SunTrader

    You've been given the answer but choose to ignore it. Fine. Keep swimming away from shore.
     
  8. mute9003

    mute9003

    I already know that.
    You didnt read the question.
     
  9. mute9003

    mute9003

    wtf is the point of this forum If i have to reinvent the fucking wheel every time .
     
  10. 2rosy

    2rosy

    probably easier to look at (subscribe to) orders and transactions. Then derive whatever you want from that.
     
    #10     May 28, 2024
    murray t turtle likes this.