Just been through a snail trade today. What I mean by that is the price was just not moving. In fact, I think I may have coined a new term.
The trade was setup for a downward slide. It had been moving sideways for some time.
I exited the trade because of a slight pullback. I was concerned about the 30min chart which was not in sync with 1 and 5min chart. furthermore a news announcement was due at 17:00BST.
