Fortunately I was in work on Jan 02 as the GU plummeted. A reminder of how price can travel on and around major holidays. The deepest pullback from 08:00 to 16:00 was 21 pips in a 187 pip days range. An entry long at around 12446.0 would with my present stop loss of 100 pips have possibly been hit if I'd entered a little early.  and only a 28 pip pullback for profits into 17:00 UK time, so likely a large partial loss if still in the game. With an average 10 day range of close to 100 there were 3 large ranges of 165, 172 and 138 that were warnings, again just prior the holiday on Weds 18th, Thurs 19th  and Fri 20th. Another warning, tight channels like these are best avoided until more range like behaviour kicks in, which only started to slightly manifest at around the 14:30 NY open with a false trend line break. There was also the serious weakness of GBP against the USD, JPY and EUR up until 13:30 at least when the EUR rolled over, but even that didn't stop the tide as the USD strength continued but after this signal I could have managed a profit with an initial entry somewhere around 12392 to 12380 and a 100pip stop, of course the perfect initial entry did come at the very low of the day, but would I have waited that long.