[Soultrader]

Rangebound and choppy days are the toughest markets to trade in. Unless youre specialty is scalping, you are probably going to get stopped out a million times. Let me explain one simple strategy I use for the dow mini's.

If the opening hour range is less than 30 points, I will trade in the direction of the extension. In other words, play the breakout of the high and low. There isn't much trading opportunity in a choppy market. Best to either stay aside or have enough discpline to limit your trading.

Make sure you give price a few ticks to actually break the high or low. On many occasions price will break the high or low by 2-5 ticks just to reverse. I usually like to wait for a pullback.

Remember, being flat is also part of trading.

Chart example posted below.