Stavro D'Amore
Former FPA Special Consultant
- Messages
- 547
Hello
Please note we have the following release today:
NFP Payroll Employment
Forecast 120K
Previous 80K
Pair to trade: USD/JPY
Triggers we need: BUY 180K SELL 80K
Economical Impact: High
Typical Result: Actual forecast is good for the currency
Occurrence: This data Released monthly
About our Triggers:
Today we have NFP Payroll Employment Change; it is forecasted to arrive at 120K.
We are using triggers of 40 to buy USD/JPY If the number comes out at +180 or better we will BUY USD/JPY
If the news release comes out at 80K or lower I will SHORT USD/JPY We are using for -40 trigger for the short.
We should see a spike of about 30 pips should our numbers be triggered.
What is it? Why do we care?
Nonfarm Payrolls measures the change in the number of people employed during the previous month, excluding the farming industry. Job creation is the foremost indicator of consumer spending, which accounts for the majority of economic activity.
A higher than expected reading should be taken as positive/bullish for the USD
A lower than expected reading should be taken as negative/bearish for the USD.
Method to trade this:
Stavro D’Amore Trading Method
Felix Description:
See Felix indictor description
Keep in Mind
Please keep in mind possibility of Revision number before entering any of these strategies.
Spike
I'd recommend spike trading as an option when there is great uncertainty in the markets and if you are using an auto clicker.
After News trade
I will look for a 50% retracement in the original spike before entering a trade; I will close half my position as soon as I hit the original high point of the first initial spike, and place a SL at entry price. My TP level would be Just before a resistance level or if the chart decides to form a level looking at a 15 min time frame.
Historical Chart and Data for US NFP Payroll Change
All the best
Stavro D’Amore
Please note we have the following release today:
NFP Payroll Employment
Forecast 120K
Previous 80K
Pair to trade: USD/JPY
Triggers we need: BUY 180K SELL 80K
Economical Impact: High
Typical Result: Actual forecast is good for the currency
Occurrence: This data Released monthly
About our Triggers:
Today we have NFP Payroll Employment Change; it is forecasted to arrive at 120K.
We are using triggers of 40 to buy USD/JPY If the number comes out at +180 or better we will BUY USD/JPY
If the news release comes out at 80K or lower I will SHORT USD/JPY We are using for -40 trigger for the short.
We should see a spike of about 30 pips should our numbers be triggered.
What is it? Why do we care?
Nonfarm Payrolls measures the change in the number of people employed during the previous month, excluding the farming industry. Job creation is the foremost indicator of consumer spending, which accounts for the majority of economic activity.
A higher than expected reading should be taken as positive/bullish for the USD
A lower than expected reading should be taken as negative/bearish for the USD.
Method to trade this:
Stavro D’Amore Trading Method
Felix Description:
See Felix indictor description
Keep in Mind
Please keep in mind possibility of Revision number before entering any of these strategies.
Spike
I'd recommend spike trading as an option when there is great uncertainty in the markets and if you are using an auto clicker.
After News trade
I will look for a 50% retracement in the original spike before entering a trade; I will close half my position as soon as I hit the original high point of the first initial spike, and place a SL at entry price. My TP level would be Just before a resistance level or if the chart decides to form a level looking at a 15 min time frame.
Historical Chart and Data for US NFP Payroll Change
All the best
Stavro D’Amore
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