Hi everyone. The point of this thread is to discuss market 'tells'. To me trading is like a game of poker. We 'play' against other traders, so it is important to know what others are doing, or might be thinking about. Most of the time I think its hard to tell, but every now and again, price action will tell a tale of what's brewing.
What methods have worked for you? and what are your experiences with using price action? Do you use DIRECTIONAL SIGNALS? for example, sharp spikes in price that catch most of the market on the wrong side.... or strong support/resistance levels where one might expect accumulation of orders in anticipation of a breakout?
What methods have worked for you? and what are your experiences with using price action? Do you use DIRECTIONAL SIGNALS? for example, sharp spikes in price that catch most of the market on the wrong side.... or strong support/resistance levels where one might expect accumulation of orders in anticipation of a breakout?