Price Discovery: How Markets Turn Orders Into Prices
A company reports earnings after the close, the print lands a little ahead of estimates, and by the time the stock reopens it's trading four percent higher. Stare at that…
Plain-English guides to technical indicators, settings, chart behavior, and practical trading rules for trend following and breakout strategies.
A company reports earnings after the close, the print lands a little ahead of estimates, and by the time the stock reopens it's trading four percent higher. Stare at that…
Pull a single day of time and sales for any active stock and you'll get a tidy column of prints: a price, a size, a timestamp, sometimes a venue code.…
A single market order can strip the visible book in a blink. Picture the best offer showing 4,000 shares, and then a buyer lifts 12,000 in one print. The top…
The last number printed on a chart at the close is the one everybody quotes. It sets the daily candle, the mark on your brokerage statement, the figure a fund…
Watch a fast tape for a few minutes and the rhythm gives itself away. Trades, quote changes, and cancellations don't arrive like a metronome. The book goes quiet, then a…
A headline crosses the wire: a stock "jumped 4% after earnings." It reads like a clean reaction, cause and effect in one line. Then you pull up the tape and…
A stock closes up 10 percent on Monday and down 10 percent on Tuesday. Add the two moves and you get zero, so the week looks like a wash. The…
Picture a moving-average crossover you're testing. You try fast lengths from 5 to 50, slow lengths from 20 to 200, three different exit rules, and four separate stock universes. Somewhere…
Two traders pull up the same stock on the same day and come away describing two different markets. One calls it a quiet session, up a fraction, nothing worth a…
Picture a bid at 50.00 showing 40,000 shares. You add a limit buy at that same price, then watch the prints roll by. Trades go off, the tape ticks, and…