380# Trading Non Farm Payroll 1st Friday of Each Month

News Trading Strategy

 

Submit by BonnieII 10/09/2013

 

The Non Farm Payroll Report is released (generally) on the first

Friday of the month at 8:30am Eastern US Time, and it contains

information on the employment situation in the United States.

A strong Non Farm Payroll number reflects a robust, growing

economy.

 

A weak number can mean that the economy is slowing down. The

United States Federal Reserve considers this report an important

influence on their monetary policy decisions. Because of this, the

report is a major market mover, not only for currencies but also for

stocks and bonds.

Two Trading Strategy ( Works Best on Eur/USD, GBP/USD and

USD/Yen)

1) On the Day of Release FRIDAY (Use only 5 min chart)

2) End of Monday after it is release (Use Daily Chart)


 

On the Day of Release

(Place a Buy Stop and Sell Stop above the high and low of the bar by 15pips that

goes above or below the 8.30 bar. You must enter and exit on the same day).

 

End of Monday after it is release

(Place a Buy STOP and Sell STOP order above the Monday high and low daily

chart by 15 pips on Tuesday Morning. The trend usually last for a week).

Write a comment

Comments: 0

News Forex Straategies