Taders, how many of you use an orderbook to maximize your profits? For those of you who don't know what an orderbook is, it's a tool that allows you to see the current buy and sell orders for a particular asset. By using an orderbook, you can get a better idea of where the market is heading and make more informed trading decisions. In this blog post, I'll quickly show you how to use an orderbook to maximize your profits.
Buy Signals Active Trader Orderbook (LOOK FOR THIS)
- Watch the bid to stack (Increase size)
- Watch for the bid to chase up the orderbook while stacking
- During micro pull-backs big should stack around former breakout zones
Remember by understanding how they work and how to use them, you can make better trades and avoid costly mistakes! Checkout the trade details and watch the time stamped live trading streams to learn from real examples. Don't forget to take notes!
Trade Details & Live Trading Time Stamps
Orderbook Trading (1st Example)
Orderbook Trading (2nd Example)
https://www.tradejournal.co/trade/150027/
https://youtu.be/bLt49cDHIyE?t=8705
https://www.tradejournal.co/trade/150027/
https://youtu.be/bLt49cDHIyE?t=8705
Orderbook Trading (3rd Example)
https://www.tradejournal.co/trade/122442/
https://youtu.be/U11ILMzd46M?t=10153
https://www.tradejournal.co/trade/122442/
https://youtu.be/U11ILMzd46M?t=10153
Orderbook Trading (4th Example)
Orderbook Trading (5th Example)
In order to maximize your profit, you need to understand and use an order book. Now that you know the basics of how to read and use an order book, it's time to put your knowledge into action. Remember, the more you practice, the better you'll get at using an orderbook to your advantage. So go out there and start trading! And be sure to watch our full video on how to use an orderbook for maximum profit.
