NFP/ POST NFP

NFP

First Friday of the Month. so here comes the NFP. NFP means non farm payrolls and it is reported monthly by the US bureau of labor. Base on my experience the NFP can cause big impact on each of every market in FOREX especially THE USD. 

The strategy is after the report in general it will impact every market, the logic behind that is to wait for the market to perform. After the chaos settle then we enter trade in a direction of the candle. This is to give the market space and clearly indication of the direction and  wait for the signal avoid getting in and out to early and probability of being whipsawed out of the market.

BE ALERT!!  9.30 PM non farm payroll. NFP!

so what it does to EUR/JPN?

Experience is the best teacher, base on my observation this past few months and concentrate trading only in one market which is EURJPN, NFP will give impact which can decide the whole month trend with that single news. The Strategy is to observe the current candle during the nfp release. if its goin up then wait for the pull back and enter bull direction. if its the other way round we are goin down side. 

GOODLUCK!!. will update the result after NFP.

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PREVIOUS NFP AND THE IMPACT ON EURJPN.

After the NFP release, candle goin BULL. Open position buy after the pullback. Same Strategy will be use every NFP release. Conclusion NFP will give hint about the trend of the month.