Institutional traders often place or pull large limit orders to manipulate retail perception, making the DOM a highly dynamic tool. 3. Cumulative Delta
These execute immediately at the best available price. They consume market liquidity and are the direct drivers of price movement. daemon goldsmith order flow trading for fun and profitpdf
If the price is making a new high, but Cumulative Delta is making a lower high, it means the upward move is running on thin air and a reversal is imminent. Institutional traders often place or pull large limit
Identifying "liquidity zones" where many traders place stop-loss orders. Goldsmith explains how professional traders use these zones to fulfill their own large orders, often causing rapid price spikes or reversals. daemon goldsmith order flow trading for fun and profitpdf