STRATEGY NAME – NFP Strategy
FOR USE ON – NADEX & FOREX
FILE PACK TO DOWNLOAD – NONE
EXPERT ADVISOR FOR THIS STRATEGY? – YES – CLICK HERE TO ACCESS
OTHER – If you do not know the dates here is the link to updated dates for you: NFP
If ”Non-Farm Employment Change” goes up, the USD value will go up against the other currencies. It means forex traders can buy USD against the other currencies, or sell the other currencies against USD.
At the moment of ”Non-Farm Employment Change” release, if its actual value is reasonably higher than the previous month, you can buy long with USD/CHF or sell short with EUR/USD, or GBP/USD. In contrast, if its actual value is reasonably lower than the previous month, the USD value will go down, and you can sell short with USD/CHF, or buy long with EUR/USD, or GBP/USD. However, it is not that easy.
Whenever the Non-Farm Employment Change wants to be released, we already know the previous month value. Additionally, the economists always give a forecast for the expecting news. The released news can make the market move, only when it is reasonably higher or lower than the previous month and the forecast value, otherwise it will have no or a very low impact.
- EUR/USD (SELL)
- USD/JPY (BUY)
- NZD/USD (SELL)
- AUD/USD (SELL)
- EUR/USD (BUY)
- USD/CHF (SELL)
- NZD/USD (BUY)
- USD/JPY (SELL)
For Nadex Only Users:
If you only trade Nadex, you can also use this strategy by entering an OTM in the direction the news release.
Setting a WO for TP is a good idea when taking these releases because price moves very quickly and sometimes it can be difficult to manage
This is a strategy that was shared with us from Kevin. He is a member in the room that loves to trade news events and the reason that we created the News Trader Expert Advisor.
All information and Images are not from Slick Trade LLC, they are from: Wall Street Generals and Tyler Kendall Moore.