Morning Ideas April 22, 2022
Morning Traders,
The move down yesterday is your normal chop in these wide balance areas.
I have said the same thing everyday this week and it comes down to this:
I don't think there is an edge in the market when we are stuck in the middle of balance. As soon as you get fascinated with a direction, the market turns around and goes the other way.
This is CHOP and makes trading very difficult. Better to wait for the market to get to the edges of these areas (pink boxes) and trade from there. Atleast at that point you can manage your risk, as you are closer to where you are wrong.
The move down yesterday is your normal chop in these wide balance areas.
I have said the same thing everyday this week and it comes down to this:
I don't think there is an edge in the market when we are stuck in the middle of balance. As soon as you get fascinated with a direction, the market turns around and goes the other way.
This is CHOP and makes trading very difficult. Better to wait for the market to get to the edges of these areas (pink boxes) and trade from there. Atleast at that point you can manage your risk, as you are closer to where you are wrong.