I normally stay out of any large buy parcel. I Usually buy when a resistance is broken, just like 4c today where I re-entered the market and made another small parcel of profit.
Another sign is when there is no selling depth, the poor and inexp day trader may think "wow, no ones selling", but the fact is that there are many off screen parcel waiting to sell, with fake buys at a few Millions to bid up the price to facilitate selling....LOL you guys probably seen this many times on spec.
Another typical bottom buying or top selling resistance is the off-screen trade and wipe out the buys or sell, signalling a ceiling is met. Best is to sell or buy 2-3 points over or below.
cheers JM
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I normally stay out of any large buy parcel. I Usually buy when...
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