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Forex Signal (Friday January 6, 2012 - 8:30am EDT) – Non Farm Payroll NFP

Discussion in 'Current Forex Trading Signals' started by Stavro D'Amore, Jan 5, 2012.

  1. Stavro D'Amore

    Stavro D'Amore Former FPA Special Consultant

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    Hello All,

    Today we have Non farm payroll NFP, please see trade plan below.

    Non Farm Payroll NFP
    Forecast 150K
    Previous 120KK
    Pair to trade: AUD/JPY AND USD/JPY
    Triggers we need: BUY 215K AUD/JPY
    SELL 80K USD/JPY

    Economical Impact: High
    Typical Result: Actual forecast is good for the currency
    Occurrence: This data Released monthly

    About our Triggers:
    Today we have Non Farm Payroll NFP it is forecasted to arrive at 150k.
    We are using triggers of 65 to BUY AUD/JPY
    If the number comes out at 80K so -85 or lower we will SELL short BUY USD/JPY

    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 trading:
    Trading Indicators

    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 Non Farm Payroll NFP

    All the best

    Stavro D’Amore
     
    #1 Stavro D'Amore, Jan 5, 2012
    Lasted edited by : Sep 8, 2016
  2. Alaa Dein

    Alaa Dein Recruit

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    i only have one question , why are you using the AUD/JPY ?
     
  3. ganiyu wahab

    ganiyu wahab Recruit

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    january 6 us non employment change signals

    please is trading aud/jpy for US news not a mistake or misleading?
     
  4. Klugec

    Klugec Private

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    No Aud is a commodity currency and so good for better as forecast world economy news and Yen is allways a cross pair to trade even GBP/JPY is possible but not for that Nonfarm Employment Change
     
  5. Sazu

    Sazu Corporal

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    I too question the logic behind the AUD/JPY in looking back at the previous charts it has all been AUD/USD perhaps this is what was it should be? I am going to watch both just for learning, maybe Stavro is on to something we do not fully understand yet!
     
  6. RahmanSL

    RahmanSL Major

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    Or, logically as pointed out, a mistake has been made and it should be AUD/USD :p

    Anywhere, I will keep an eye on the AUD/USD and EUR/USD.....maybe even the USD/JPY too!

    About another hour before the NFP release, so stay safe!
     
  7. Klugec

    Klugec Private

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    He means Aud/JPY !!!!

    aud/usd is the wrong pair for a good news, because aud will increase and usd too ... better how he wrote aud/jpy ... on this pair there is a chance that aud will see some demand and jpy not

    what so hard to understand on that fact???
     
  8. Stavro D'Amore

    Stavro D'Amore Former FPA Special Consultant

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    No mistake, AUD/JPY was in perfect correlation. In future ill either do EUR/USD or GBP/USD not to confuse you
     

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