As an intraday scalper, I just exited at .23. If that little dip was a real bear trap, price would've run solidly through 94.27 to test the range high.
U know, i was thinking something similar! We may have discussed this before, something on the lines of less stress day trading etc, but are the rewards really there compared to position trading? One of the problems with day trading is less movement. I note cl average daily range has dropped lately, must be at multi month lows.
Although the range for the last 2+ months has dropped, each of January, February and March were tighter.
It shouldn't make that much of a difference if you are using some kind of volatility measure to size your positions. If you use something like X ATR's as your stop size it allows you to size up or down accordingly. Markets move from expansion to contraction. If your looking for a powerful move one way or the other you should be excited about contracting ranges.