November 1, 2012

Traders Prepare for a Wave of Financial News before NFP-Friday

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The James’ Report:  Day Trading Strategies for Professional Traders
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SYNERGY:  Synergy in our careers occurs when people come together in harmony to work toward a common goal, and the power they generate is worth far more than the sum of their separate parts.  One person will strive to find a partner, and one becomes two.  Two quickly becomes three, and three people can exponentially grow in any direction.  The third person is where the real power is generated because three does not turn into four, it turns into nine, and nine into a massive team working hard towards a common goal.  All of the energy flowing through this group is all focused in one direction, to achieve the goal, and when that occurs small miracles can happen in an instant.  Leverage the power of this synergy within yourself today, and start by looking at the people around you in your career.  Are they in line with your goals?  If they are, empower them today.  If they are not, sever your ties with them, and focus your energy today on surrounding yourself with positive and motivated individuals.
News from Europe & Asia for US Morning Session:
– Further improvement in mainland manufacturing PMIs going into next week’s National Party Congress
– China PBoC injected CNY379B into the money markets this week (fresh record high) through regular open market operations
– US IEA: saw no urgent need for oil stocks release following Hurricane Sandy
– DJIA suffered its first October decline since 2008 finishing the month down 2.5%
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