Trading like a BOSS (AGAIN! LADDER TIME)
As per my previous Boss trading post, you know, trading, making money (Or rather, not losing what little money you have). This time, we learn how to trade the price ladder.
Price ladders are the things on the right, which is the summation of the bid/ask.
The Green is 1174, and Red as 604. Which means, 1174 contracts are for sale, and 604 contracts are to be bought at their respective prices. Against all economic models, price seems to move towards liquidity. Below you see 1174 contracts for sale, and guess what prices does:
Move up:
Now there’s 1195 contracts to be bought (Meaning price will move down), so lets reverse our position, place a tight stop, and watch price move down again:
Well whaddaya know?
There are many traders that trade based on this ladder method. Enjoy Winning.