Today was another classic consolidation day. If you’re expecting a low range, consolidation-type day here’s my best advice:
- Trade the swings on the 4,500 tick chart
- Reversal trades will work out better than breakout trades
- Pay attention to RAMBO patterns on the 1,500 tick chart
- Watch the Professional activity on the 4,500 tick chart, and
- Use modest targets instead of being aggressive
Good luck with your Emini trading tomorrow.