Your primary job as trader is to devise a plan that will get you profits that are large multiples of your initial risk.

I emphasize, as I always do, that one of the keys to successful trading is to have an exit strategy in place before ever entering a position. That enables a trader to get out if he is wrong on direction. The strategy needs to be one that permits profits to run while creating a disciplined unemotional exit that initially is both clear and close to the entry. In that fashion, prediction no longer controls. The successful trader, instead, simply reacts to the price movement. Having a plan that incorporates money management, reward to risk potential and disciplined exit strategy can supply an edge that prediction doesn't. The key, of course, is to learn how to make the profits from the winners significantly exceed the losses from the losers.

There is no substitute for water.

An idea for research.

Lower support levels were thoroughly tested and successfully defended today.

At this time there is not much of an edge to be found. In time, that is going to change. But, until that moment we have to stay patient, protect our capital and be prepared for the next move in ether direction.

Inverse correlation.

If you look back in recent history you notice inverse correlation between U.S. Dollar and Equities. Meaning, when dollar goes down,  shares go up, and when dollar goes up shares go down. Now we can watch for the same pattern to continue and/or for possible divergence to get an edge.