What the DOM does not tell you: pulled orders, decoys and hidden orders

The order book is a place of negotiation, and as in any negotiation, people do not always show their real intentions there. Part of what you see in the DOM is meant to be seen, and part of what really matters is hidden. A beginner who takes every large size for an unbreakable wall gets trapped regularly.

This lesson is not meant to make you paranoid: most orders are genuine. It gives you three reflexes so you do not mistake an appearance for a certainty.