There are two buttoms down in the charttrader representing the bid and ask prices with the volume that resides at those levels.
How do you use this information? What kind of information can be seen here at all?

For example: Keyword: "eating orders" - sometime bid or ask raise dramatically, but the price stays, where it is. So this could be a good sign for strong support or resistance?

Is this maybe (probably) discussed somewhere else here already? Thanks!

Is this what you are asking about?


If so, that is the inside bid and ask on the DOM.

It will change when the bid / ask changes

DavidHP 

Is this what you are asking about? If so, that is the inside bid and ask on the DOM. It will change when the bid / ask changes

Yes, thatīs what i mean. Thank you.
Iīm curious, if we can get some good informations out of it.
E.g. i see sometimes "B" raising dramatically but the price doesnīt change. This could mean, that weīve hit a strong support, or?

pipandrun 

Yes, thatīs what i mean. Thank you. Iīm curious, if we can get some good informations out of it. E.g. i see sometimes "B" raising dramatically but the price doesnīt change. This could mean, that weīve hit a strong support, or?

It is the same information you see on the DOM.

You can pull up several levels of the "Book" in many software packages.
Some traders use it and give it more value that it deserves.
Others swear by or at it.

It is important to remember, this information is not 'Trades' but only shows orders pending.
Looking at other things is much better information IMO.

I suggest you look at tools such as JigSaw tools or 9G to get a look at a more complete picture.

Here are some threads on nexusfi.com (formerly BMT)

NT users: know your DOM! Maybe someone will read this and it will save them some money some day. NT has great one-click management for SL and TP orders. Once the position is open, orders can be moved with a single click, and allows for very fast trade management, which is …

The Art of DOM I am trading the ES and NQ .I am new to trading, and even more so to the DOM, and it has me a bit bewildered. I notice at times that price will smash through areas with large resting orders which would lead me to believe that making predictions based …

Learning to trade Order Flow using DOM Introduction: I will be using this Journal to basically start afresh and learn to trade using the DOM. I will be documenting all things I find necessary, detailing where I started off, materials read, tools used and thoughts along the way. I will also …

Enjoy your search for the grail

DavidHP 

Enjoy your search for the grail

No, donīt have time to search for it...

But i thought it would be good to know at least what numbers are flying around all the time....