Friday Morning Thought 8/3/2007

The jobs report is out and the YM dropped about 50 points. Just before the numbers they had rallied for 25 points. Why I do not know but someone had a guess. The EURO gained about 30 pips and that might be the morning sell point. After the numbers come out, I look at the reaction and the re-reaction to the numbers trying to game things. If the EURO comes back to unchanged and starts moving higher then its a buy in my books. I never trade in the first 15 minutes after a very good number. The EURO might be setting up for a buy under 137.0 risk 25 pips and I would figure out at the end of the day if I hold it or not.