How to Read Market Depth in TradingViewThis tutorial video covers what Depth of Market (Market Depth) is, how to read it, and how traders might use it.
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Order flow and DOM data reflect market participant activity but do not guarantee future price movement or execution certainty. These tools are best used as part of a broader trading strategy that includes risk management and market understanding.
Marketdepth
S&P500 (ES500) likely to move up ..high riskHey tradomaniacs,
todays morning orderflow looks fishy and we might see a move up due to trapped sellers getting fooled by iceberg-orders.
If aggressive buy-pressure comes up soon and sellers give up against the whales we might see a correction to the upside.
I`ll give it a shot even tho its a very risky trade... let`s see
EUR/USD likely to fall!Hey tradomaniacs,
looks like we got trapped buyers in the market means we could see a at least a retracement or a complete drop with the test of the current resistance-zone.
Market has been a little bit tricky due to weird correlations but I will give it a shot and short EU here.
What do you think?
EUR/USD Likely to fall!Hey tradomaniacs,
looking at EUR/USD I see a potential move down due to recent fakeouts with trapped buyers aswell as the absorption before (Market-depth).
AS long as risk-off continues we might see more dollar-strenght especially after that ridiculous statement by the ECB saying they dont see an upcomign recession as a likely scenario. (lul).
However, probably a good spot to short with a nice risk-reward-ratio.
Waht do you think?
SPX500 likely to FALL!Hey tradomaniacs,
its been a very slow day due to holidays almost everywher except the USA which could give us atleast one great opportunity now.
SPX500 just re-tested the key-resistance-area after the recent breakout and is giving us a nice chance to sell.
Market-Depth is currently showing iceberg-orders absorbing stop-runs above the resistance which makes it likely to see a move to the downside very soon.
As always I`m very carefully during holidays as liquidity is lower than usual making it harder to predict moves and volatility.
What do you think?