I had no trades today. If you look at the prep posted pre-market, I had a strong bias for a sideways grinding market.
The methodology I practice works well in sideways markets but risk/reward for me was limited and I decided to stand aside.
As I said in my prep commentary, I think there will only be a couple more good opportunities this week. I will wait for the premium entries and hit them hard.
I do not like playing defense but it is important to recognize when you have a reduced edge.
Let's see what happens overnight.
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