Hello to you all this morning – the big news of the morning in the City is the Royal Bank of Scotland’s first half results, which came in at -£1bn, and they say the outlook for the next 2 years does not look favourable. It has put the London Stock market into a bit of a down move for the last day of the week – let’s see if the opening on Wall St. can pull it all up by the close at 4:30. As many of you will know, today (the first friday of the month) is when the U.S. government release the monthly employment figures (also known as the ‘Non farm Payrolls’) so you should all be out of the market 10 mins ahead of the announcement, due out at 13:30 (GMT) These figures, when they are released,  move the market the highest proportion out of all the economic announcements during the month, but unfortunately – it is nearly impossible to guess which way the markets will travel, but one thing is for sure – they will move a great deal – and trading suicide is certain if you are foolish enough to be in a trade at this time each month.

My trading yesterday started just before 8am with a nice little trade on the Euro$ followed by a very busy morning session, resulting in a total of 8 trades across various indexes/currencies – and a score of +55. After that performance, the afternoon session was relatively quiet, and another 3 trades by 4:30pm gave me a total of 70 pips from my ‘Any-Time’  Trading Strategy. I had the evening off, but my ‘Trade With a Day Job’ system gave those who traded it the usual 20 pips just after 6:30pm. As far as today’s trading is concerned, it is generally listless ahead of the Non farm Payrolls announcement, and a lot of trader friends of mine don’t actually bother to work today – although I shall be cautiously watching the screens all day.

Bye for now.