DislikedAnother Great Man within Forex Factory once said, "If you can't trade a sideways market consistently at breakeven or better, you have ZERO chance of success in this business".
The first question is when can you define a range? Price has only been up at the present level for 4 or 5 days. To me this is too early. So what do you do? Actually it's quite simple. You trade the developing range, but with a bullish bias, thereby providing yourself with a degree of protection against the greater trend.
The quantity or frequency of trading opportunities...Ignored
Totally agree...impatience is high on the list of things that kills accounts for newbies in my opinion, over eagerness to trade causes you to take average trades at best and lose money fast which starts the snowball affect of fear and the need to make back that money which is where money management goes out of the window and before long the account has gone. As Jacko would say..the first rule of trading is 'do not lose money'.