Ive heard advice from professionals in the field saying, don't ever say you look at price action during interviews. They will laugh at you and not take you seriously. If that ain't snobbery I dont know what is
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ah I see. in thry, there could be a similar argument for some basic TA signals (massive high volume range breaks). I agree that true edge is likely elsewhere, tho personally find value in some of it
the stuff I'm trying to hide is a million times more valuable than the stuff I'm not.
It's a really important point tho.
What you can see resting in the book is what others don't mind you seeing.
The difference is that there is a direct link between the gate of the order book and current supply/demand. Seeing a new high on large volume mostly tells you about past supply/demand (it may be informative about the future but the link is far less clear).
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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Financial markets are one of the only places you can say anything testable/measurable about supply and demand! You can get extremely granular info about the order book and completed trades, and how they interact and change over time. Macroecon absolutely btfo.
End of conversation
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