moonchild
VIP Contributor
Non farm payroll is an employment report that is released monthly by the US government and due to the volatility of the NFP, the markets go crazy for a while before retracing, these is a perfect opportunity for fundamental traders to make huge amounts of money.
The higher the projections from the NFP reports the more confidence investors get in investing more money into the US dollar, that's why when the report is positive you'll have a long bullish spike on pairs that have usd as their base, in other words if the news are negative, there will be a long bearish candle which means the market movers are removing their money from the markets.
To Trade the NFP, you have to go to the lower time frames, like the 5 to 15 minutes, it is good to note that, nothing is done after the first bar in the morning(checkout your local time for sync) then you wait it out, after that the price will be ranging, then look out for an inside bar that didn't go out of the first bar, if it closes bearish, put a 30 pips stop and enter, likewise for bullish, if you keep getting stopped out on your intended direction, please get out completely.
The higher the projections from the NFP reports the more confidence investors get in investing more money into the US dollar, that's why when the report is positive you'll have a long bullish spike on pairs that have usd as their base, in other words if the news are negative, there will be a long bearish candle which means the market movers are removing their money from the markets.
To Trade the NFP, you have to go to the lower time frames, like the 5 to 15 minutes, it is good to note that, nothing is done after the first bar in the morning(checkout your local time for sync) then you wait it out, after that the price will be ranging, then look out for an inside bar that didn't go out of the first bar, if it closes bearish, put a 30 pips stop and enter, likewise for bullish, if you keep getting stopped out on your intended direction, please get out completely.