Every Candle Summarizes Thousands of Trades — This Is the Raw Order Flow Feed

Oct 28, 2026

This is educational content for traders on how price charts actually get built, with no particular winners or losers — it's a primer on market mechanics.

  • A candle's four numbers (open, high, low, close) are just a summary written after the fact, standing in for thousands of individual trades.
  • The real record is called the tape — every single trade, its size, and whether the buyer or seller was the aggressor, listed in order.
  • Reading the tape directly is its own skill, known as order flow trading.
  • Candles, indicators, and moving averages are all just different charts built on top of that same raw tape.

Outlook: this appears to be part of an ongoing series building toward teaching readers to read raw order flow instead of relying on summarized candles.

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