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 get in at the right moment. (see chart). my experience of trading the NFP the EUR/USD becomes very technically driven after the release. Major support resistance levels define its direction 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.....