February 19, 2014

Intraday analysis

Markets opened in yesterday's trading range of 6130-6155F. A trading range of 25 points makes trading very difficult.

Normally when markets trade in a tight range, it is best not to do anything. At times like this, signals usually fail.

Box shows setup conditions for a short trade (upper tails). This trade got stopped out later on as markets remained in a range throughout the day.

Towards the end of the market there was a range breakout... however this came late to be of any use.

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