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Non Farm Payrolls tomorrow.
The news has been worse than expected and they have rallied it. So perhaps that is the best plan for tomorrow so far, atleast for the first half of US trading.
Plan your trade, trade your plan!
A good old unpredictable crookshour. Nothing for me to do here ahead of NFP’s
Plan your trade, trade your plan!
Good morning all,dangerously unpredictable non farm payrolls friday.futures have been unable to continue upward momentum so far..todays rth range is 2491-2570..opening much below the lower level suggests a test of 2400.
This erratic rally off March lows looks very 4th wave
and they are the toughest to trade( EWers say ).IF that is correct then THE trade would be to short
for a 5th down to retest or better March lows.Easier to say than do as picking the ‘h’ of a 4th
can be very tough dependent on the pattern.Never give up, never surrender.
I should have held my Ftse 5600 short as I think it
more likely we see 5000 before 6000.Had that not happened then I would have doubled
the short at 6000.For now I am with you guys waiting for NFP and
even then protecting this week’s profit may
be more important to me than increasing it.Never give up, never surrender.
Good Morning Cimac Haman Danny Houdini Daniel San Captain et al
MEGACROOKSDAY With Russian Roulette Wheel Spin Casino Wallstreet With NFP’s
Good Luck To us all
Small droplets of rain turn into Rivers, Streams and Mighty Oceans
Thursday the Ftse looked more like S1H and
so far today it looks like it is S2L so
perhaps the odds lean has done a flip ?If US markets are S2L then we would have
a real seesaw or even big dipper ride !Never give up, never surrender.
NFP figures are likely to be better than some expect
as it covers a period before the US lock down.Let’s see how clever those Algos are !
I think any spike up will get sold off.
Ftse has already thrown in the towel with traders
wanting out before the weekend which will be a
time of sad virus data both sides of the pond.Never give up, never surrender.
Cable has weakened which is a bit of both on this fx pair
but may also be a warning of US dollar strength and a
tricky friday / monday for traders.The attraction of just counting my money grows.
Never give up, never surrender.
Ftse 60min chart there is a descending wedge / pennant
with a floor circa 5400.IF the floor holds it could target 6000.
IF the pennant is a ‘b’ following the ‘a’ up
from March lows then ‘c’ up targets 6500.All you can say for sure is many traders
are in for a bath, be it up or down !Never give up, never surrender.
There is a cruder version on Dax Nas Dow SP500
and for example sp 2700 which we have talked
about on kpad would be well in range.Only adds to the moment we are in !
Never give up, never surrender.
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