Nov 162013
 

In my trading I want to trade when one side is in control and just tag along.  Friday, when I got home it was 2 hours before the close and the market was balanced.  The arrow shows when I got home:

nq_2013-11-16_0902

So what to do when the market is balanced?  Usually fade the extremes of balance and/or wait for a breakout and enter on pullback.  I didn’t want to do the fade because there was too much support inside the balance area.  And the breakout was not convincing and I didn’t see any opportunities to enter long.

It takes a lot of patience to not take any trades, but I think that’s really important.

Here is what the Paris Order Flow Analyzer showed, which was pretty clear:

nq_2013-11-16_0906

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