Friday, 2 December 2011

Jobs Report Trade

The market has not been very interesting for the last 36 hours, but came to life again on the U.S. monthly jobs report. Traders got whipped a bit on the number but it was really bearish as far as I was concerned. But never mind my opinion, the chart showed what "they" thought.

My first entry had a bit of slippage as I was selling the break of the two EMAs, but it turned out OK as did the follow up.

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