On Friday I wrote the following regarding today’s session:
I have no idea of what to expect of this market for next week. Probably more volatility?
I guess I will wait and see price action Sunday night and Monday morning before forming an opinion.
Well after today’s price action I favor the downside as I see the close today to be bearish to neutral.
As I wrote before, you can have the right market direction and feel for the market and still lose… Maybe more important is the trading plan, i.e entry level, potential targets and stops etc. or to make it short….PLAN YOUR TRADE, TRADE YOUR PLAN.
Daily chart of the DOW JONES CASH index for your review below:
Daily Futures chart of the Dow Jones Cash Index from August 22nd, 2011
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TRADING LEVELS!
Economic Reports Tuesday August 23rd, 2011
New Home Sales
10:00am USD
Richmond Manufacturing Index
10:00am USD
Economics Report Source: http://www.forexfactory.com/calendar.php
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