I scalped a few points at NFP but since then the markets have become very unpredictable because they are consoldating. Swing traders love this but I don't have a swing trade strategy for day trading that I have back tested as extensively as my Forex Bias.
The three majors are moving sideways as are the indices (NASDAQ, S&P500 and the DJIA). Only the Loonie is trending and that seems to be running out of steam.
I am sitting on the sidelines. I hope we may have a set-up for retail sales on the 13th.
Regards
Morty
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