Many "gurus" will say "watch the DOM for hours and suddenly you will learn, young grasshopper," implying that they have some secret knowledge and you don't. They may even PM you and offer you a "special rate" on their stupid training programs that have never produced a profitable trader. This thread is the opposite of that. We are going to discuss: 1) the information provided by the DOM and Time and Sales 2) specific ways this information can help you There will be no vagueness, you know, like a picture with the caption "it's so clear!" I have been watching the DOM and TaS recently and I'm trying to quantify the information it can give you. For the most part, it just seems like a bunch of randomness. I have modified the default DOM to also show total volume at each level and volume bars at the level of the each bid/ask. The dashed red line is the high of the day (which was actually this morning before regular trading hours). Like I said, randomness. Sometimes price goes up. Sometimes price goes down. I have noticed no correlation between whether price going up or down has to do with more or less orders above/below the current price. I've heard that price goes to where the open orders are. If this were true I would expect price to always go up if there were more ask offers immediately above the last price, or always go down if there were more bid offers immediately below the last price. This is not the case. I have also noticed that sometimes there are still bid/ask orders remaining at the current price, yet price will trade away from it. Why does this happen? For example right now the last price was 1552.00 with 1533 ask orders remaining and 1340 bid orders right below it at 1551.75, yet price just traded down to 1551.75. Why? There were still ask offers where it was at 1552.00. What would cause price to move away from that level when there were still orders at that level?