Hey everyone,
I just got back to my hometown a few days ago to prepare for CNY. It’s pretty far from the city, so the internet has been quite unstable. That’s why I haven’t posted much these past few days. Been busy helping out at home too — lots of cleaning and long family chats — so I’ve been away from the market for a bit.
Anyway, it’s 22:52 here now and the connection suddenly got better. I think the nearest tower just got reset after the power was out for almost the whole day.
Credit : Bloomberg / Getty Images
12/2/2015 MARKET JOURNALS
Yesterday we can see quite interesting market after Non-Farm Employment Change news that move around 99 pips during the news . From the report - 130,000 jobs far exceeding 70k from the forecast which actually give a strengh to USD . We are expecting another bearish movement for short term period on gold and GU . This has been strengthen by the unployment rate improvement of 0.1 % from 4.3% from previous 4.4%.
source : Forexfactory
The impact is another hawkish tilt in market that led investor to bellieve the federal reserve will maintain its pause on interest rate cut for longer. Anyway , i am not in that market at that time .
If im in the market , this would be the trade i ll take for GU which the first one is sell on market and close at tokyo swing low and another sell after it reversal after breaking sideway lower after the market.
Anyway , this is another important news today :
Source : FF
It's didnt look good since it higher than the forecast , this give a temperary bearish movement to the market before it being stabilize the USD bullish sentiment because it is below the real data from previous month.
This is my entry for today , at first i thought it ll make the judas swing after it enter the ASEAN box after the initial breakout during LONDON , but from the news it show the result is higher than forecast so im taking the buy position at M30 FVG and close it at previous day high.
It is another win for today and i hope tommorow market will give another better oppurtunity for trader. See you again in my next journal , and thanks for stopping by.
Disclaimer : This is my personal trading journey and learning process .