During a period of consolidation as a trader, read some trading history!

During a period of consolidation, I, as a trend follower, usually avoid trading because the direction is unclear. I recommend reading on some of history and bubbles of financial institutions. I am sure many know about the tulip bubble. However, there are many that are involved with central bank and debt. If you haven't heard of the south sea company, you should definite check it out.

http://en.wikipedia.org/wiki/South_Sea_Company

https://www.youtube.com/watch?v=k1kndKWJKB8

If you really got the time, take a look at the economic section of the book called: Extraordinary Popular Delusions and the Madness of Crowds.