well said. In my experience developing an edge/trading-setup is easier than sitting patiently waiting for that opportune moment to come to strike.
Yes but unfortunately we can't will the market to move in our direction (trust me, I just tried when it was at 45.75! ) ... waiting is the hardest part, and when I wait, I win, and when I am impatient as I was today, I lose. An edge or trading setup is only valid if the market is moving, and for much of the time it is relatively sideways.
I am looking at long unless we break 1200. At that point, I will reassess. As always, using stops that risk no more than 2% of Total Liquid Net Worth (TLNW) on any one trade/idea. This is the mother's milk of trading-- money/risk management--