Wow…what moves, ranges and volatility and I am pretty sure it is not over yet….
The Dow had over 800 points range from high to low!!!
In these Extraordinary and Volatile market conditions it is imperative that you understand the type of risk you are exposed to when entering each trade BEFORE you start your trading day and before you enter your trade….not after…
While the market fear/greed and fundamentals will be the most important factors, all I can go by is my technical indicators. Using the indicators I have confidence in, I will look for a meaningful bounce on the Dow if the cash index can break above 11360. If it can not or fail against this level, I will look for the market to continue lower.
Daily Chart of the Dow Jones from August 9th, 2011
Would you like to have access to my DIAMOND ALGO as shown above
and be able to apply for any market and any time frame? The screen shot above is of the Dow Jones CASH INDEX.
If so, please send me an email with the following information:
- Are you currently trading futures?
- Charting software you use?
- If you use sierra or ATcharts, please let me know the user name so I can enable you.
- Markets you currently trading? Continue reading “Futures Trading Levels, Huge Market Moves”