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

[Stavro D'Amore]

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

 

[Alaa Dein]

i only have one question , why are you using the AUD/JPY ?

 

[ganiyu wahab]

january 6 us non employment change signals

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

 

[Klugec]

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

 

[Sazu]

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!

 

[RahmanSL]

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

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!

 

[Klugec]

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???

 

[Stavro D'Amore]

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