It is nicknamed a 'skyscraper' by some. Everyone can see it.
Other order type is an iceberg (ASX made it available to instos about a year or so ago).
Only the top part of the order is visible, when it gets filled, another part of the iceberg appears on the market depth.
Skyscraper scares people + Iceberg accumulates.
Only way to beat the strategy is to buy just above the iceberg, or knock out the skyscraper.
Joel
It is nicknamed a 'skyscraper' by some. Everyone can see...
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