2024-11-03 20:14
IndustryTrading Strategy for US Nonfarm Payrolls
The post discusses the importance of US Nonfarm Payrolls data in trading, particularly focusing on the USDJPY pair. It highlights that sustained market moves are likely when key components of the report deviate harmoniously, without conflicts. The author notes recent minor deviations that still yielded profits and reflects on a past instance where conflicting data led to a chaotic market reaction. The trade plan suggests entering the market only if there’s a significant deviation from Nonfarm Payrolls, provided the unemployment rate doesn’t conflict, and to remain cautious of large deviations in average earnings.
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Trading Strategy for US Nonfarm Payrolls
| 2024-11-03 20:14
The post discusses the importance of US Nonfarm Payrolls data in trading, particularly focusing on the USDJPY pair. It highlights that sustained market moves are likely when key components of the report deviate harmoniously, without conflicts. The author notes recent minor deviations that still yielded profits and reflects on a past instance where conflicting data led to a chaotic market reaction. The trade plan suggests entering the market only if there’s a significant deviation from Nonfarm Payrolls, provided the unemployment rate doesn’t conflict, and to remain cautious of large deviations in average earnings.
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