We are one hour into the trading day. Prices are essentially even with the opening. Taking a guess, I will say that today will be a narrow range day, at least through the first 3 hours of trading.
The exception will be if the 0900 report has an effect. Days like today you need to limit your trading.
Got in late. Not necessarilly a good trade entry, however, I believe this one should go lower. Now, here's the deal. I have a stop set at 105 25. A little high, but if you look at the chart you'll see why. If we are back up there again in short order, then I don't have an edge today, and I want to be out of the market.
This is trade #3. I will call it a day if this one doesn't work.