16-JUL-12 - How To Trade On A Boring Day Using Reversal Signatures and Order Flow Events
Here's a quick tutorial on how to trade a slow, summer doldrum market.
Today's was a very slow day and the S&P stayed within a 10 point range.
There are two ways that I am comfortable with this kind of market.
The first is to be really smart and take the day off.
It is the middle of the summer and it is better to be swimming or golfing or sailing than to sit in a dark room waiting for the S&P to tick.
The second approach is to look for a reversal signature, whuch can be either a 'Right Shoulder' or a first Higher Low or Lower High.
Hope this helps...