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Chart reading quandry

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Market Wizard
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I have not found many indicators that will consistently predict the future.
(Crystal Balls are rare)

If you want to trade this type of move you need to have the screen time to know such a move is coming.
I suggest many years will be needed to do this.

One way (but not the only way) to gain an edge is to 'read' the tape/dom.
Futures.io has several videos of this type of trading.
One such method is No BS Trading.
There are videos on Futures.io and here : No BS Trading Videos

For new traders, trading in this way is extremely difficult and takes a lot of experience to master (IMO).

Good Luck with your journey.


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For instance, in the attached pic, on the left, crude dropped from $58.80 to $58.30 in the span of a minute to a minute and a half. BOOM! I saw nothing to indicate that it was coming, nor did I have a feel for when it was going to end, until the price had moved back up to $58.40 - then I figured that $58.30 was a short-term bottom.


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