Done trading for the day. Had a few positions in the afternoon session. Ended with a profit of $175 for the afternoon. On the day, finished with a profit of $505. I am waiting for the Gov. jobs report tomorrow to initiate a longer term position trade. Going into the early morning, this is the consensus:
Economists expect the number to have risen 75,000 in August, according to a Reuters poll, after gaining 117,000 in the previous month. The unemployment rate is seen steady at 9.1 percent.
The report is at 8:30am, so the morning will be all research and analysis until the release. Following the release, I will be looking for conviction from buyers or sellers to take a position. Enjoy the rest of the day!
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