Stavro D'Amore
Former FPA Special Consultant
- Messages
- 547
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
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
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