We are traders and masters of risk. When you become pro you stop over analysing and all you do is sit there, and wait, and wait, and wait some more until you find the perfect trade. What I am saying is that the market makes all the decisions. Our only decision is to listen, feel, and respond to the market’s siren. Always and without exception. Remember, the market never lies. It is only we who lie to ourselves.
Sunday, July 29, 2012
Looking Ahead: Week of July 30 through August 3
First Friday is back and that means a highlight is the employment situation. But there will be earlier news on the wavering consumer sector, including personal income, consumer confidence, the ADP private employment report, and motor vehicle sales. Manufacturing also has been wavering and key updates will come from Markit PMI and ISM manufacturing. But at mid-week, competing for the week’s highlight will be the Fed’s FOMC statement and whether there is any new policy initiative.
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