MoneyTec Traders Community Forum - View Single Post - Non-farm Payroll technical strategy

forex-101 · 04-05-2007, 13:38

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). 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 trading NFP can become quite profitable.

Your thoughts are welcome,
Steve

04-05-2007, 13:38	#1
forex-101 level 1 Join Date: Sep 2006 Posts: 13 Downloads: 0 Uploads: 0 Rep Power: 0	Non-farm Payroll technical strategy 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). 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 trading NFP can become quite profitable. Your thoughts are welcome, Steve