When I got to the chart, there was a weak bull trend forming. The trend then moved into sideways action and a trading range, which eventually turned into a bull flag. The price action was so slow and weak that it was hard to trust the bulls to push prices higher. But when we got a BOPB at the top of the range, I took the trade, betting there were a lot of shorts getting trapped there — and there were. I took a small trade for 8 pts. I didn’t want to hold for more since the price action was so slow and sideways.

After this, prices went into a super tiny range for hours. When prices finally broke below the small range and we got a BOPB after a bearish leg, I took the short. We also had a double top and possibly a Major Trend Reversal forming, and the bulls had looked weak all day, so I took a chance. But of course, as soon as I entered short, the bulls showed up and fought hard to stop the bear reversal.

I ended up being stuck in the trade for over an hour and had my target at breakeven, but it never got there. The market was about to close, so I added a few more contracts to get out at BE. Very risky this late in the session, but I had to flatten before the close.

Overall not a great day — very slow, and extremely difficult to trust anything.