Case study
Range day: when the best trade is often no chase.
Range days teach balance, patience, and location. Price rotates between accepted areas until new information creates imbalance.
Decision rules
- Trade location, not emotion.
- Do not chase into the middle.
- Define invalidation outside the range.
- Wait for acceptance before calling breakout.
Beginner mistake
Assuming every move away from the middle is a trend. In balance, movement often rotates until proven otherwise.
Practice task
Mark high, low, midpoint, failed breaks, and no-trade middle zone on five historical range examples.
Review question
Did the trade start at an edge, or did it start from boredom inside the middle?