148: John Grady – The Order Book—What Traders Must Know About Supply and Demand
Chat With Traders
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The Value of the Order Book
The value of the order book is that it lets you know where supply and demand is. And that is ultimately what changes price. So if there is more money interested in buying than in selling, price will move higher. If there's more people interested in selling rather than buying, price will go lower. From a scalping perspective, the order flow allows you to see at times when one side clearly has control because the bids are overwhelming the sellers.
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