Trading within 20pts of a KL makes very little sense. Yes there is a possibility that it will reverse without reaching the level but the odds are against it – and the odds are all I should be interested in as a trader – focus on the odds of a setup working instead of being right or outsmarting the market.
Quite frankly, I was bored and agitated. To relieve boredom I do two things while waiting for trades to set up:
- use Heartmath or Neurotrader to monitor my state
- listen to Rupert Spira or Hale Dwoskin