Forex Signal (Wed, Feb 03, 8:15 am EST) US ADP Employment

Crazy Cat

Former FPA Special Consultant
Messages
753
Hi there :)

This is Crazy Cat with a potentially profitable trading opportunity...

Wednesday, Feb 03rd (8:15 am New York Time) USA

We have US ADP Employment Change coming out. It is expected to read -30. Last month it read -84.

I recommend trading USD/JPY for this report.

Please read what this indicator means and how it affects the USD/JPY by going to this link: http://www.forexpeacearmy.com/forex-forum/economic-indicator-descriptions/7374-us-adp-nonfarm-employment.html

The trigger for this indicator is 80. Unfortunately, it does not happen too often. This means that if US ADP Employment comes out at +50 or better, USD/JPY will probably go up by 40 pips or more in the first 45 minutes of the report. If it comes out at -110 or more negative, USD/JPY will probably go down by 40 pips or more in the first 45 minutes of the report.

Obviously, the bigger the difference between expected and actual numbers, the bigger will be the move.

To read the after-spike retracement strategy for this report click here: http://www.forexpeacearmy.com/forex-forum/felix-after-spike-retracement-strategies/7379-us-adp-nonfarm-employment-after-spike-retracement-strategy.html

For example: on May 6th, US ADP Employment came out at -491, versus an expectation of -645. USD/JPY went up by over 60 pips. See for yourself what happened on this chart: Forex news trading currency exchange charts

I highly recommend you study the entire history and charts of this report by following this link: Forex News Trading | Details and History for USD ADP Nonfarm Employment Change

I hope you make some money on this report.
-Crazy Cat
 
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