TITANIC (T)

Bookmap.com SI Indicator setup #2

Titanic is a setup where a market runs into a hidden iceberg order and
immediately rejects the area. Icebergs are large players (smart money) that
surprise the market as a wall of hidden orders that populate once the visible limit
order that is showing in the book is traded into. Icebergs aren’t always correct in
market direction but they are correct more often than not (70%+ in my studies)
and it is an advantage to know what direction the big money is taking. This trade
is taken either once you see the market orders come in (bubbles) in the direction
of the Iceberg (aggressive) or when the market moves away from the iceberg,
retests, and then market orders then start initiating in the direction of the Iceberg
(conservative).