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Soultrader

Trading in a Dull Market

By Soultrader, in Technical Analysis

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Soultrader    12

Soultrader
Posted

This is a chart post of Sept. 6th, 2006. Here we have the opening gap for about 40 points below value. The markets opened right at the S1 pivot line.

 

However, we had very boring and dull morning session giving no opportunity of a trade.The TICK's and market internals are weak but there is no movement in price. The markets are stuck in a 20 point opening range.

 

Understanding when to trade and when to remain flat is important in trading. In today's morning session, the best position is to be flat.

 

A conservative trading method in such an environment would be to play new TRIN highs or lows. TRIN range breakouts are powerful trading signals.

090606morning.jpg.1537747744502986c5af85652516fdaf.jpg

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