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Avoid Trading In The Chop: Update (Did it myself)

I felt like taking the time this morning to show a chart that appears to be nothing but chop to me (As I type). Please keep in mind that what one trader sees as chop, may be a buying or selling opportunity for another. Time will tell, at the end of the day, I will post the YM chart to see how the day ends. As for me, I will keep the powder dry until next week.

I'm still learning that news is not the deciding factor on how I will trade. US economy added 211,000 jobs in April; dollar rises. The jobs headline would indicate a monster bullish day right? Well maybe it will be, but as of now, it's (YM) sideways, not the kind of price action I want to be stuck in. Avoid the chop.

It's Friday, I will enjoy the lifestyle of trading for a living today.

"Better Trading Ahead" Not today.




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