Non-farm Payroll technical strategy

[fx-trader]

Hi,

Today we had the most watched release in the forex world - the Non Farm Payroll. Instead of straddling or trying to get in just after 8:30 I decided to wait for the retracement and get in at the right moment. (see chart (http://101.forexsource.net/index.php?q=non-farm-payroll-May-2007)). From my experience of trading the NFP, the EUR/USD becomes very technically driven after the release. Major support and resistance levels define its direction and with a good technical strategy (http://101.forexsource.net/index.php?q=non-farm-payroll-May-2007) trading NFP can become quite profitable.


Your thoughts are welcome,
Steve

[katsumoto]

if only i know this yesterday before 8:30pm, next month perhaps....

[JiraiyaSama]

you cannot speak and type malay version eh?

[zal_kg_pinang]

type malay la eh..senang nk faham sikit eh..sejak dua menjak ni..CS after NFP released tk lah ganas sangat..better kita trade ni technically..enter positions after LOW and HIGH CS tersebut...betui tak ?..

[ultraman7]

Kalau ader news besar aku open position lepas 15 minit news keluar..
sbb baru tau market arah maner..
:D

[peija06]

Hi,

Today we had the most watched release in the forex world - the Non Farm Payroll. Instead of straddling or trying to get in just after 8:30 I decided to wait for the retracement and get in at the right moment. (see chart (http://101.forexsource.net/index.php?q=non-farm-payroll-May-2007)). From my experience of trading the NFP, the EUR/USD becomes very technically driven after the release. Major support and resistance levels define its direction and with a good technical strategy (http://101.forexsource.net/index.php?q=non-farm-payroll-May-2007) trading NFP can become quite profitable.


Your thoughts are welcome,
Steve

sounds gud 4 eur/usd pair, wat about gbp/usd?
cable bounced upward with less retracement when the NFP was released last nite as compared with eur/usd.

in other words, the entry point for eur/usd is totally different with gbp/usd..does this method focused only 4 eur/usd?

err..tunggang langgang ayat aku ni..paham kan?:o

[disc]

hehe..cakap melayu je lagi senang...:D

[ssufian]

NFP utk pair e/u semalam... dari apa yg aku faham dengan pengalaman tak seberapa ni... ada rasionalnya kenapa USD macam lemah dan tak melawan langsung... kalau ada tindakbalas pun tak sekuat tarikan euro

kita tau yg USD sebelum ni memang lemah... cuma masa news ISM ari tu je nampak ada peningkatan sikit dan start daripada situ lah USD cuba sedikit demi sedikit utk naik balik...

baru2 ni pulak euro dah secure dgn interest rate dia...

ni apa yg aku agak je lah.... kalau salah tolong betulkan ye?

[peija06]

NFP utk pair e/u semalam... dari apa yg aku faham dengan pengalaman tak seberapa ni... ada rasionalnya kenapa USD macam lemah dan tak melawan langsung... kalau ada tindakbalas pun tak sekuat tarikan euro

kita tau yg USD sebelum ni memang lemah... cuma masa news ISM ari tu je nampak ada peningkatan sikit dan start daripada situ lah USD cuba sedikit demi sedikit utk naik balik...

baru2 ni pulak euro dah secure dgn interest rate dia...

ni apa yg aku agak je lah.... kalau salah tolong betulkan ye?

yup..NFP result blh refer kat news usd sblm2 tu..news2 psl us blh jd clue utk NFP cam ADP Nonfarm Employment Change, Nonfarm Productivity, n etc..

biasanya news2 yg related ni release pd mgu yg sama dgn NFP..

[anne_81]

Reaction last night agk lackluster..both main data ngan revised number fell short of expectation, tp still euro x leh naik byk..
euro punya data pun bkn impressive pun, cuma euro naik sbab ECB still nak raise rates, the fed plak nak retain interest rate...
next week crucial time for euro, french election dan ECB interet rate statement...

[JiraiyaSama]

steve, where are you man...what do u want to proof here@ please update ur thread...

p/s: ceeewwaahhh...

[zal_kg_pinang]

UCAD lagi laa semalam..dah dua hari dah tk jumpa jalan..ilang arah...NFP news keluar pon mcm tak ada apa2...UCAD langsung tak follow pattern sebenar..

[Eto]

UCAD lagi laa semalam..dah dua hari dah tk jumpa jalan..ilang arah...NFP news keluar pon mcm tak ada apa2...UCAD langsung tak follow pattern sebenar..

mkin masih lagi dlm correction in major wave ... rasanya kot :confused: