DislikedThis is the image I was looking at earlier when i started to think that we might range between 9440 and 9400(between the purple and green dotted lines). when the daily range midline is crossed and then fluctuates between the first two fib levels of that range on both sides of midline, it is somewhat common to find it range there for some time. However being that my long positive reversal signal takes precedence for me, I still entered long at the confirmation of that signal but at minimum position size. Then, if signal is still valid, and we move to lower end of this range, I may add to the position including a bit more to scalp up to 40 again. Not a recommendation just what I am seeing.Ignored
This would be the reason a trader would consider the trade strategy that Leugimp is talking about.
This also would be a great time to have a different broker, so you could scalp on this range which should last for 3-4 hours at the most.
This is what I did yesterday, and it did not interfere with my Long/Short positions I was entered in.
Thanks for the Chart.