November 6, 2012
- in Uncategorized by schooloftrade
Election-Day Trading ahead of Vote-Count in the US
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The James’ Report: Day Trading Strategies for Professional Traders
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TUNE IN FOR SUCCESS: Think of yourself as a radio when you’re trying to learn a new skill today. We all know the sound of a crystal-clear reception to your favorite music station, and it’s easy to tell the difference when you change the dial to a station which is filled with static and disruption. In our careers, it would be great to stay ‘tuned-in’ all day, every day, so we could focus on only the most important aspects of what makes us successful. Instead, we find ourselves constantly changing the dial, looking for a better radio station to listen to, which seems to always lead to static, chaos and stress. Experienced professionals know that when we try and change the dial, we need to do this very carefully, taking a step back and remember why we’re here in the first place. Everyone has a different station they must ‘tune-in’ for the best reception, and nobody else can tell you what that is. Today it may be a picture of your family, a favorite song, or reviewing your trading plan. Whatever it takes today, take a step back and re-focus your ‘tune’ and spend your time today moving closer to your goals! News from Europe & Asia for US Morning Session:
– Today is Election Day in the United States, volume will be lower than average in anticipation of the announcement later this evening.
– Currency dealers placing bets on the US election results believing that a Obama win would tend to lead to a weaker USD with a Romney victory seen as a boost to the greenback.
– RBA surprises market by leaving its Cast Target Rate unchanged at 3.25% citing price pressures and stabilized growth
– Greece begins 48 hour strike against austerity. Massive general strike planned for Spain and Portugal Nov 14.
– European Commission to forecast a bleak outlook for Spain in its autumn update this week
– European PMI Services data mixed with better peripheral readings and weaker core countries
– Greece begins 48 hour strike against austerity. Massive general strike planned for Spain and Portugal Nov 14.
– European Commission to forecast a bleak outlook for Spain in its autumn update this week
– European PMI Services data mixed with better peripheral readings and weaker core countries
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