London open trades on May 06

Good Morning,

Got a nice up trend in the Dax starting at 07:55 GMT for around 40 points. Then the UK Service numbers came out at 08:28 GMT and the numbers were much better than expected. The Pound spiked up some 45 points and I was able to profit 40 points using the Fast economic news software which clicked the Buy button almost immediately. If you haven’t yet seen Boris Schlossberg’s Millionaire Traders, I highly recommend it, check it out on youtube and look out for more from him, he’s a cool trader for sure. Will add to this blog later after the US news comes out.  Still expecting US ADP employment report, Canada’s Ivey PMI and the Oil inventories later.

UK PMI figures

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