: Rules derived from observing pit traders, such as "the move will be false if only the locals are involved". Essential Rules for Success Trend Identification
: Mastery of price patterns and trend identification. Execution Strategies : winning in the futures markets by george angell pdf
Angell taught that the market structure itself contains traps. A sudden surge to a new daily high, he argued, is often a "sucker rally" designed to lure in latecomers before the professionals sell short. : Rules derived from observing pit traders, such