my trading day ~ friday 6th august 2010
As many of you will know, today being the first Friday of the month is “Non-Farm-Payrolls” day, and this is when the US Government announce its employment statistics for the past month. The markets usually react with great volatility, and it is advisable to stay out for the day, as no-one is really sure which way the markets are going to go once the announcement is made.
So with that in mind, I advise all my customers to refrain from trading today. I never trade on a Friday anyway, so things no different for me.