My Trading Day ~ Friday 7th August

You can see what effect the U.S. employment figures announcement has on the markets on Friday – they were completely ‘listless’ in the morning European session, and then they really took off upwards after the good news came out at 7:30am New York time (1:30pm UK time)    Luckily these employment figures only come out once a month (on the 1st Friday of every month) as quite a few of my trader friends do not bother to work at all due to the adverse personality of the markets.

Having said all that – I still traded my “Any-Time” trading system – as it takes into account the market personality, so there is no worry about catching a cold by being caught unawares from sudden unexpected price changes –  but as expected, it produced results that were below the average of what I normally achieve.   As I mentioned – the markets were listless and also largely directionless for the morning, so no trades were signalled at all, and during the afternoon I had 6  signals which produced a total of  4 successful trades and 2 losing ones and I ended the afternoon session with a total of 24 points. By the end of the day, the U.S. Stock Exchange had settled down a bit and my ‘Trade With a Day Job’ system produced the usual 20 pips just after 6pm.

This entry was posted on Tuesday, August 11th, 2009 at 9:35 am and is filed under Trading Days. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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