Thursday, 7 July 2011

Big News Week

Lots of news this week, not the least of which is the ECB comments today after their announcement and also the U.S. monthly jobs report tomorrow, Friday.

News equals opportunity, but timing is everything. Sometimes there is chop before the announcements due to analysis paralysis and fear. Other times people front run a report only to be either disappointed or exiting on the fact after trading the expectation. Trying to work out what is actually happening is worthwhile as it will have an impact on the bottom line. My concept of envisioning the day helps this process.

Today there were a couple of good moves in the Euro in the morning and then after the ECB and ADP the markets ... well look at the pic.


  1. Hello Tom,

    Do you find that you use (rely on) Market Profile less since you hired Flo full time?

    Is Kiki (Hi) using Flo as well?

    Thanks as always,


  2. John, the latest Flo has support and resistance built into her, so yes, MP is not needed but I'm still watching it as old habbits die hard. Kiki is the reason Flo exists.