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05-04-07, 01:38 PM
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 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 |
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05-04-07, 03:18 PM
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| Re: Non-farm Payroll technical strategy 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.....           |
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