World Clocks

Wednesday, March 08, 2006

March 8, 2006 Flat Trend 1


  • Sideways market most USD pairs, probably due to big Trade news release tomorrow and Fed comments due later on today.
  • Questionable volitility level from the start, better to take a small position when these conditions appear.
  • The short breakout was weak, 3 bars at the most. Support levels being so close to entry, any Shorts would have been small gainers at best.
  • This is a stand aside, protect the account and be defensive sort of trading day.
Posted by Seaducer67 at 1:00 PM

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