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What to trade when the market has no direction
Submitted by fxnv on Wed, 03/05/2008 - 01:43.
This is the eternal dilemma. Should you try to force a trade or should you sit on your hands and wait for resolution?
Of course while you are sitting on your hands, you might miss a sudden move. In this instance, I believe a trader should pick his battle quite clearly. Stay in the market with at least a small position and try to hit singles. When the market sets up properly, at least you will be prepared for the move. And don't forget to watch the dollar for a rebound!
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