Lovely start to the day

Pre-event range and chop in play. We've broken below that bias level and rejected sharply, but that needs to be taken seriously. A few scalps long, but now I'm taking caution on long trades. Resistance 5055, support now way down 5010

DONE! To the pip

Evening thought:

Why are we so concerned with not what price is doing, but where price is going? "I missed the move", "I could have made so much", "If only I held that trade". I had long trades, 5.00 lots from 1450, cut them at 1495, imagine if I held them!

You'll notice the bias changes here, the direction changes, we don't commit to one direction or focus too much on where price may end up. All we're looking for is a decent trade a day, a plan of intra-day direction, a plan of entry, a plan of managing the position, and a plan to get out. Please try this, it's all about mindset and discipline, removing the fear and anticipation of where price is going. It goes up, trade it up, it goes down, trade it down. Goes to the moon, or the basement, who cares, we're here to make money where ever it goes.

It was a duff NFP, movement came but we're still within the range. It can only mean the market is waiting for something else to give it that volume it needs to breakout. Remember, the longer the accumulation, the bigger the move! We'll stick with the plan at the moment with the extreme level of support being 5010-20.

I'm away until Monday so I'll try to update when I can. No KOG Report this week either so please take some time to hit the boost button on the ideas posted.

As always, trade safe.

KOG