Non-farm Payroll technical strategy

[forex-101]

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

[golhuntsleep]

nice trade Steve.....my question would be, what was the technical level that caused you to buy after a more than 100% retrace? I'm with ya on the buy, I got in yesterday just wondering what made you decide that was the bottom???? reading the text it looks like an after the fact call on the website.....