In the market preview the plan for the day was outlined. 1) Buyers were in control, 2 buy the dip on good rotations down. 3. caution out of the gate, don't get caught in an an open drive up. 4) the focus is on consistent leveraged trading when the odds are most in our favor. 20+ point gaps take much of our edge away. Most importantly, if you can not get a handle on the day, keep losses small and remember that another good trade is just around the corner. The meat of the move was taken at 7:30 cst on a highly volatile NFP report. The edge to the long side played out in what was overall an uneventful session after the open. Now that NFP is out of the way, good oppertunites should come out way for the balance of the month. You can see the market preview below. Every morning I do it live and everyone is welcome. Also, the call for 1807-1809 was achieved in early Asia session.
FRIDAYS MARKET PREVIEW
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Trading of securities, options and futures may not be suitable for everyone and involves the risk of losing part or all of your money. Commentaries are educational in nature and are designed to contribute to your general understanding of financial markets and technical analysis. Use it how you want and at your own risk. I am not a registered investment adviser. This information is a general publication that reflects my opinion and is not a specific recommendation to any one individual. You must consult your own broker or investment adviser for investment advice. Controlling risk through the use of protective stops is essential