You can be the best chart reader on the planet and still lose money trading. Losses are generally a function of bad money management, such as setting a profit target unreasonably high or a stop too low.

But losses can also be a function of not having the "feel" of the market. Let’s define feel as a grasp of what the main players are thinking and doing. You may think that other traders are in buying mode, but are they? You know only if you can see the actual buying volume.