Friday, August 3, 2007

Rain, thunderbolts & power failures

US NFP news data out later today, considered to be a major monthly news release and spikes/volatility expected with market expectations on both sides, uncertainty...a no trade situation in my books. So far last 3 NFP ive seen hv mixed data and stayed clear of trading at those times plus its a friday. As for today 2 of my long orders were triggered, i might need to close my open positions before the news release. Prices are moving up/down in a narrow channel, quiet probably due to impending news release.

Heavy downpour and blackouts, will update further.

Closed open positions before News (-12+1pips). Data came out weaker than expected, everything vs USD went up, what a teaser....

Results: -11pips

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