Friday, October 4, 2013

4th October 2013: Thoughts and themes for today

With Friday's NFP cancelled, it looks like there'll be no major news events today. 

Being Friday, we can expect intra-week traders to close their positions before the weekend. Intra-day traders may also be exiting earlier than usual. Avoid trading retracements during the latter half of today as we probably won't see traders re-entering. Counter-trend trading may have a stronger edge today. 

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.