From Reven Wood’s blog:
When I was a losing trader I would interpret a large bid coming in as strength and would go long, then have to add, then get stopped out 9 out of 10 times. I did this for 15 years until I realized I was seeing the trade completely backwards. I have to give credit to my trade journal for pointing it out. This trade is against everything we learned in ECON 201. The rules of supply and demand are tested in this clear example of panic from wrong way traders.