Lots of volatility this week mainly starting Tuesday at 10am Wall Street time so let’s dive in day by day. Just so you know the reason I post this every Sunday is because these are events that impact your trade they impact the market because we have no idea what the market will do but we know that at this time on this day we should have a advantage.
Monday= factory orders at 10am, this is the only thing happening that is worthy of any mention
Tuesday= 10am Powell testifies on the economic outlook and recent monetary policy, 12pm energy information administration (EIA) short-term energy outlook
Wednesday= 8:15am pre-market ADP non farm employment “now ADP used to never be taking seriously now for some reason it is”, trade balance, imports, exports all pre-market then Powell at 10am along with JOLTs job openings, 10:30am crude oil inventories, USDA WASDE report 12pm, Beige book at 1pm. As you can see Wednesday is very big
Thursday= initial jobless claims 8:30am
Friday= unemployment rate, non farm payroll both at 8:30am
Remember we trade in probabilities it’s okay to be wrong, it’s just how much will taking the wrong side of the trade will cost you. Winning is everything avoid losses at all cost is very difficult to do, there is nothing physical about trading other than clicking a button it’s all mental how you handle yourself when everything goes against you. Technical analysis defines patterns only, collective behavior patterns. The outcomes of the patterns are random to old ones. A mathematical equation can not calculate the intent of all these other traders around the world it’s all probabilities. Keep your head right please if you’re in a dark place reach out dial 988 to talk to a professional, someone does care if you’re here or not. Trading is a difficult way of making money it’s the only job where you clock in and actually work free sometimes for days. Enough ranting enjoy the rest of your weekend
As always trade what’s in front of you good luck
Monday= factory orders at 10am, this is the only thing happening that is worthy of any mention
Tuesday= 10am Powell testifies on the economic outlook and recent monetary policy, 12pm energy information administration (EIA) short-term energy outlook
Wednesday= 8:15am pre-market ADP non farm employment “now ADP used to never be taking seriously now for some reason it is”, trade balance, imports, exports all pre-market then Powell at 10am along with JOLTs job openings, 10:30am crude oil inventories, USDA WASDE report 12pm, Beige book at 1pm. As you can see Wednesday is very big
Thursday= initial jobless claims 8:30am
Friday= unemployment rate, non farm payroll both at 8:30am
Remember we trade in probabilities it’s okay to be wrong, it’s just how much will taking the wrong side of the trade will cost you. Winning is everything avoid losses at all cost is very difficult to do, there is nothing physical about trading other than clicking a button it’s all mental how you handle yourself when everything goes against you. Technical analysis defines patterns only, collective behavior patterns. The outcomes of the patterns are random to old ones. A mathematical equation can not calculate the intent of all these other traders around the world it’s all probabilities. Keep your head right please if you’re in a dark place reach out dial 988 to talk to a professional, someone does care if you’re here or not. Trading is a difficult way of making money it’s the only job where you clock in and actually work free sometimes for days. Enough ranting enjoy the rest of your weekend
As always trade what’s in front of you good luck
