Learning How to Read the Market


#1

Attention Darrel or John or Lori or anybody who is really good at reading the market!

See how the market ping ponged between the upper level marked with a purple dashed line and the lower level marked by the green ICE level. I placed a short at #7 marked on the chart. The market stopped bouncing between the two levels and instead exploded upwards about 40 points in under 3 seconds. Was there anything in the chart that could have tipped me off that the market was going to breakout at point #7?

If the market moves to fill orders then there has to be some sort of tell when and where the mkt will make a big move like this. I think this is very important . Reading a market is the most important skill to master; even more important than any trading systems.


#2

Only thung I could say is make a kiss arrow confirm first beforr entering. Kiss did pretty well through those trades and made back any losses in the big move


#3

David, here is what I see reading OP

Lori