So far the week has been profitable, even with the 3 losses.
Tomorrow should be interesting. The Nonfarm Employment Change report is due at 7:30 CST. With the Euro and Swiss franc at record levels, strong movement is expected. The big question is, which way?
No idea what will happen for sure, but the OneNightStand orders for the two most likely pairs are as follows:
- eud/usd: BUY 1.4916, stop 1.4861. If the trade is executed but not stopped out on Friday, exit Monday morning, 00:00 CST
- usd/chf: SELL 1.0757, stop 1.0812. If the trade is executed but not stopped out on Friday, exit Monday morning, 00:00 CST
Earlier today I sent out the latest IFC Newsletter, issue 2 to the subscribers. It is completely free, so if you wish to get a copy, just send an email to newsletter@infiniteyield.com and designate where you wish it emailed. It comes in a PDF format.
This month the IFC Newsletter details how a special mindset gives you one of the largest edges possible over other traders. And public domain resources that can help you cultivate that edge. Don't miss it!
The current account status is at $523.81. Still long the Eud/Usd and Gbp/Usd pairs.
I'll be interested watching for the reactions to the news tomorrow morning.
Have a good morning.
Joel Rensink
www.infiniteyield.com
PS: To receive the FREE! trading rules for the Infiniteyield Forex Challenge ($499 value) and the semi-monthly newsletter about this challenge, send an email to: newsletter@infiniteyield.com and tell me which address you would like it sent.
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