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I like neither of these options. I like to be in prior to the break out. I have no idea which way the market will break, but I can weigh my options based on a lot of different input and then pick a side. The great thing about trading a range is that your risk is clearly defined.
For a long bias I want to enter a trade toward the bottom half of the range with my stop below the range. Here is an example from today.
Same chart.....look at it a bit differently.........How about context and structure...would it be worthwhile to identify structure? the primary trend and force and the less forceful corrective......and then trade. Trade the primary with aggression and size and trade the corective with smaller size.
... just an oversight, I guess. I certainly remember the post 
