Forex What To do in a Consolidating Market as a Forex Trader?

[moonchild]

As a forex trader, we already know that the market makes a series of higher highs and higher lows, most of the times, but also there are times when the market will consolidate not going up and also not going down, it will seem as if it is cut in a maze, what can a trader do in such situations?

The most important thing to do in a Consolidating Market is to actually wait and not do anything, because their is a high tendency that whatever you do will actually land you in trouble, when their is no any clear direction in the market, just stay away.

What are your opinions on this, what do you do during a consolidated Market movement?

 

[FinTrader]

It often happens that these consolidations are observed when the price moves along the trend. Therefore, I trade from the boundaries of this flat in the direction of further price movement along the trend, but I always set stop losses.