I started the session at market open today, and already by bar 2 there was a possible short. We had a big overnight gap, and after two consecutive bear bars I took a chance and entered to see if we could close the gap. But the follow-through wasn’t there — we got a doji, and then a bullish doji right after. That was enough for me to exit the trade at breakeven.

After that, it became pretty clear that this was shaping up to be a trading range structure day.

Later on, the bulls managed to break out of the range, and I started looking for a possible BOPB. We eventually got one, but there were a lot of upper wicks, which made me uncomfortable. When we then got a double bull bar entry, I looked to enter, but I didn’t get filled. In hindsight, that was probably a good thing. The BOPB turned into a long, slow sideways crawl upward, and the market was super slow and barely moving.

After a tight bear micro channel back down to the range low, I entered long on a nice-looking bull bar forming a double bottom. It was a risky entry since the micro channel was very tight and the bears could easily get another leg down. My initial target was the top of the small range at +6 pts.

Prices then pulled back and made a second leg down for the bears. On that move, I added one more contract as an FBO of the range. I took off the first contract at +2.50 pts and aimed for +9 pts at the top of the range on the second contract.

In the end, I took the second contract off at +5 pts. Price was stalling again right around last week’s high, and there was just no momentum. After that, I ended my session. The market was simply too slow and choppy to justify staying engaged.