Well theres really not much to say about today.... The market ranged the whole day, there were no false breakouts, absolutely no opportunity to do anything.
The one interesting thing that did happen was yesterdays Resistance became quita firm level of Support today.
Im hoping after 2 days ranging like this we should see quite a big break out tomorrow....
I guess its days like this that it would be good if I new how to trade a different system. I'm not diverting from the theme of this thread but I think it is a personal note to myself... once I have mastered this way of trading I should then study and master a range trading system. Eventually in 3-5 years I think it may be wise to have a few different setups that I can pick from so as to take full advantage of the markets. Having said that, I will not study a new system until this one becomes second nature to me and I can execute it without any fear or second guessing myself. Once I can trade this almost like a machine I will look at learning a new system....
The one interesting thing that did happen was yesterdays Resistance became quita firm level of Support today.
Im hoping after 2 days ranging like this we should see quite a big break out tomorrow....
I guess its days like this that it would be good if I new how to trade a different system. I'm not diverting from the theme of this thread but I think it is a personal note to myself... once I have mastered this way of trading I should then study and master a range trading system. Eventually in 3-5 years I think it may be wise to have a few different setups that I can pick from so as to take full advantage of the markets. Having said that, I will not study a new system until this one becomes second nature to me and I can execute it without any fear or second guessing myself. Once I can trade this almost like a machine I will look at learning a new system....
Attached Image
