Or just leaning on the paper, as the pit traders do. I used to enjoy listening to the pit audio for that reason. After awhile you can get a sense of when a big move is happening.
None of the institutions can ever do this with high accuracy even with their ample resources , may be ET is a different type of trader from another planets that can make this?
The view from another planet is that things seem to be bid up or down on a consistent basis, but only in retrospect. Few of the earthlings ever seem to make any money from all of their efforts. Then they all panic at the same time.
I congratulate those that can trade profitable by accurately predict the market (up, down or sideway). I just say it is impossible from the practical point especially in the long term at least from my knowledge gained from institutional or as a private traders. I never see (I may be wrong) any retail trader can make their millions from 5K account, especially those try to look for easy path such as pattern, indicator, signals, PA or any brokers/bucket shop promote methods/training. I did make good living from trading/investment (thanks for the good years when I was in the right place to learn the right skills and earned the starting capital from the good bonus).There are proper way to make money from this business, but I (and no one) will ever share this in public forum.
Now here's an edge i came across many years ago when i was trading on the floor of LIFFE: simply check the direction that the tits of the young lady on page 3 of The Sun newspaper are pointing and this will tell you the direction of the market for the day! You can still do this by going to www.page3.com each morning. Of course, one of my hedge fund manager friends claims you have to go the other way to where they are pointing...that works for him so whom am i to argue??!! (I guess that makes him a contrarian hehehe). Either way, it will be the most enjoyable and fun back test you will ever do in your life!!!
This remind me the old time, there was a commodities trader sit two cubicle from me, a smart young guy with a PhD from Yale. He always come in late due to the "bad traffic" (you can smell the alcohol and see the hangover face). He never get fired even he missed the morning meeting regularly because he always able to make the profitable call (about 80% of the time). His edge is he will come out "the only trade of a day" (he only trade once a day) after he stated at the blank screen (not power up) for about 10 min. This guy eventually left the institution and moved back to Texas to mind his family business (The family own a big retail chain shops in Austin). Very interesting and funny guy to hang up with in the bar.