Breakout London Timeframe

Eurozone growing faster than the UK

this news can trigger my view on it...

so what do you think?

Hi maximumguita,

thank you fro your reminder.

this is quite ok for me...

I personally close it if doesn't go to my way..

Fed Likely on Hold, but Rising Inflation to Be in Focus

trade wisely coming this 2 days especially holding USD positions.

RULE #25 IT'S THE MARKET ITSELF THAT WEILDS THE ULTIMATE SCALE OF JUSTICE

You have to find a trading style which suit to your comfort level...

As you aware, i trade very seldom but also can be profitable...

Just find your system!

Hi Rookie14,

to answer your question.
Hope can help you!

Must read a LOT! Never stop learning!

www.Babypips.com Best resources to know what Forex, How it work, and many more...best thing is that it is FOC...no need to paid a few hundred USD just to learn the basic info

Learn Price Action include the candlestick pattern, price formation, high Low

Support & resistance - must go depth on what is S/R, how to draw it....

Moving average Method = learn how to use it, when to use it,

Finally, Combine all together with your MONEY MANAGEMENT & SELF MANAGEMENT (include your devoted time for FX/ psychology/ Your behavior pattern when trading)

Demo Trading until you can feel the flow of the certain pair. Must have consistent profit! No shortcut!

FINALLY, GO TO LIVE TRADING

if your mind just to jump from one strategy to another strategy,

you can definitely google it, tadaaaa! you will find a lot of strategies. maybe thousand of them.

but, do the strategy really suit to your current?

U.S. jobs growth expected to regain momentum in April

signal coming later NY

NZDUSD

Daily timeframe.

the price stall, finding way to go...

WHEN?

What is a NonFarm Payrolls Forecast?

A NonFarm Payrolls Forecast is some sentiment-based piece of content that tries to predict what the NFP numbers will be and what impact will they have on the markets. In this page, you'll find some articles and tools that will help you to understand which could be the outlook for ADP Report, Unemployment Rate, Average Hourly Earnings, Labor Force Participation Rate and some other important economic indicators.

The ADP (National Employment Report) is an estimation of nonfarm employment which is based on a survey of thousands of private sector businesses. One of the biggest differences between NFP data and ADP data is the sample and methodology of the study. ADP Jobs Report could show us an anticipation of the NFP's trends. Some outlooks are mainly based on the Jobs Report, in past data and in other related job indicators like Initial/Continuing Jobless Claims.

What is the NFP?

NFP is an acronym for Non Farm Payroll Report, a commonly anticipated U.S. government report released on the first Friday of every month. NFP data is collected, analyzed & released by the United States Labor Department, providing a financial and economic summary from various standpoints of leading American companies and manufacturers. The NFP report is frequently anticipated by economists, market analysts, & traders worldwide, due in part to its track-record of generating change and volatility in financial markets on the days prior to, following, and most significantly, on the day of its release.

The report’s results are generated based on data collected via household, institution and corporate payroll surveys, with corporate payroll surveys designed in direct correlation to the US Labor Department’s interviews of U.S. businesses and manufacturers. In turn, the public is exposed to factual, economic and employment statistics about some of the biggest names in corporate America, with survey questions developed based on the feedback of U.S. corporate spearheads. Should business owners and leading executives forecast positive economic developments for their company, recruitment numbers escalate, generating higher survey figures and results, and the reverse for negative projections.

Volatility caused by NFP

The NFP number is famous for fake moves, and it is not seldom that the initial reaction will just be a spike or a dip to take the previous highs or lows, only for the real move until the end of the day to be in the opposite direction. Therefore, it is recommended to wait for the release before opening a new trade. Or, another way to trade the NFP number is to focus on a bigger time frame analysis. If the trading decision is the result of a trading analysis on a monthly, weekly, or even daily chart, then the number can be ignored.

This is, however, a risky approach. The NFP is a vital economic data that offers an educated guess about consumer spending. This one, in turn, is a leading piece of information regarding the state of the economy. The Fed is watching closely and any good or bad NFP print will result in market expectations regarding the potential future moves the Fed will do to shift dramatically.

I would say that the way to properly trade the NFP is to stick to the bigger time frames and spot potential support and resistance areas on charts bigger than the daily ones. If prices are moving into those areas, taking a small position in the NFP day will not hurt anyone. Another approach is to trade something else, a currency pair that doesn’t have the U.S. dollar in its componence. Such pairs are the crosses, like EURGBP or GBPCAD, or any other cross pair that doesn’t travel based on the U.S. dollar moves but based on the differences between the two majors that form the cross. This way, the trading account is protected from major swings in the dollar and traders live to fight the Forex markets for another day.

just around 10minutes, we can see the volatility...

During NFP, What pairs do you trade?

GBPUSD

EURUSD

USDJPY

USDCAD

ANY COMMENT?

Countdown 5 minutes...


Get prepare your 'gun'....fire later

2 MINUTES TO THE FINAL....

DO YOU FEEL THE NERVOUS?

remember just put the lot size that you can lost it!

Not much hoohaaa!

Let market tell you first!

usdjpy


this is my trade on nfp

not much movement.

have to wait ny market tell you later.

Mixture feel!

Good number on the Unemployment data!

USD still holding the power...

Waiting for the NY session later..

ok, take some rest now...see you later