When price is ranging:

Don't get used to it, they do this intentionally. They will play the range, get your confidence up until you start increasing your lots sizes, then they'll move and if you're in the wrong direction, they'll take back everything you make and more. When you have a decent day on the markets, don't try and force a trade, your next trade needs to be even more precise than the last one. A mistake traders make is think to themselves, yesterday I made $100, today I can afford to lose $50 and I'm still up. No, because if you lack the discipline to sit out and wait for an A STAR set up, you'll lack the discipline to stop losing when you get to $50.

A lot of you are going to struggle during this move so here are the RedBoxes we're using for today to help you

Can you see how price plays them? The resistance and support levels still holding it within the range, perfect for scalping but if you're holding you will need to switch off the screen and leave it alone to do it's thing. Protected again from 2320 short, let's see how it does this time

Redboxtrading

Bias with a pinch of salt please. Price is accumulating and a breakout is pending, hopefully we'll see some action in the US Session. Lot sizes need to be controlled and risk management is paramount for the remainder of the week! When this moves, it's really going to move!

Today's morning review:

Redboxtrading - That's the level we wanted

Today's hotspots

We wanted 2338 for the RIP and we got 2338.5