Friday 9 August.

Yesterday's 'risk recovery' continued post 'good news is good news' US jobless claims data.

The question now is, will it continue into the weekend?

I wouldn't blame anyone for taking a 1:1 risk / reward 'risk on' trade if the US market opens up positive.

There is also the possibility of an anticipation CAD trade pre employment data. With a CAD JPY long 'buy stop'order for a CAD positive result. And a USD CAD long 'buy stop' order for a CAD negative result.

Personally, currently operating in an Asian time Zone (GMT+6), I'm content to rest on my laurels with just the one trade this week. You may already know about my 'mild complex' for Friday trading. And I don't particularly want to stay up late in the event of having to close a trade pre weekend, for the sake of a potential +1.

Whilst I'm extremely confident it's possible to trade successfully living in an Asian time zone, it does come with it's challenges, which I will offer my thoughts on as next week unfolds.

Weekly review to follow, but for now, I'll wish you all a happy weekend... Mine will consist of my first ever overnight stay in an elephant nature reserve. I've no idea what to expect but I'm told it will be magical.

Feel free to email any thoughts or questions: johnelfedforexblog@gmail.com