Ranges. Most have a hard time trading in what they think is a range. The truth is just about 99% you are always in a range, at least when you jump up to higher timeframes.
That’s the first thing to realize, you are never not a in range. With this ground rule in place, we then move on and talk about the rules for trading in a range.
We talk about general guidelines to follow. Then jump into what we call “calling the bluff”– the real simple concept. Most breakouts fail and how to approach this when it’s obvious your control chart timeframe is in a range.