Even I can't trade when it gets this tight. Even going for just a few ticks would be suicidal if the market should break out against your position. Under these circumstances, I either stay out, or take only trades in the direction of the long-term trend (up). However, I'm sitting this out, since prices are so close to their all-time highs. At times like these, I'll grab a trading book and read, while keeping one eye on the charts for the next break-out.
Friday, February 8, 2008
Too tight to trade!
