That was a demonstration of awesome patience, ha! BTW one of my rules is not to move stop till 10 ticks in my favor. I have to go sit in the the corner now :eek:
It's not so bad in a trend, but over a flat MA it's not easy, as I'm looking for some momentum on the move to break the range. Oh and one of my other rules is not to trade a flat 20 MA.
I think it is waiting for the all the MA's to catch up with the decline and once it gets close back down we go. A perfect trend, I guess this would be the foot to leg down #4. I'll be selling at 87 if we get there.
before I started trading SIM I made a rule, trade only while trending and avoid choppy sessions. I think half the battle is won by avoiding choppy sesssions. Glad I am following that rule. I am also thankful to this thread that we share current market action status which helps confirm and avoid choppy sessions or be extra careful trading these sessions.