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:
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: