Reading a few trading commentary, I found reports of where major bids, offers, or stops were seen. How can the author see these orders? Is this information likely coming from somebody who works in a major bank? More importantly, is there a source available to smaller traders that could report, on an ongoing basis, this information?
It appears like knowledge of the positioning of major market-moving orders will give a significant advantage to a trader. Does anybody here use this information in their trading egies?
Thanks to all who reply. The discussions I've had so much with members have proven truly invaluable.