I've been standing on the side-line watching the market's wild swings today. ISM data came out at 50.9, a huge miss of 54.9 estimates. Crude oil has had the most violent swings out of all risk trades. It has gone from high of 98.50 made during pre-open session today in London to low of 93.50 just an hour ago. That's a $5 swing!
Anyways, I am not going to trade today. Standing on the sideline is the best strategy right now.
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