Friday, October 2, 2009

Big News Day

I am primarily a technical trader. However, that does not mean that I ignore news completely.

For instance, I will not put in any orders today. Reason is because of the impending Non-Farm Payrol (NFP) news this evening.

This particular news event can certainly cause a lot of upheaval (I refrain from using the word "earthquake" or "tsunami", out of respect to those who have suffered such calamity recently in Padang, Indonesia and Samoa) in the financial markets.

So for now I'm gonna be sitting on my hands and just see what happens, once the NFP results are released in a few hours time.

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