Mastering the Microstructure: Unpacking Order Book Dynamics in High-Frequency Trading Systems
Introduction: Navigating the Invisible Currents of Price Action Many institutional and retail traders often find themselves grappling with price action that appears inexplicable, characterised by sudden shifts, fleeting liquidity, or the unsettling sensation of being ‘gapped’ or ‘front-run’. This pervasive struggle frequently stems from a lack of understanding regarding the intricate, often opaque, forces at […]