In order to do that, you have to place two opposite pending orders: a buy stop pending order to catch the price breakout to the upside and a sell stop pending order to catch the breakout to the downside. Trading Rules about 30 minutes prior to the the non farm payroll news is due, open a 5 minute chart.

Find the range: this is the highest high and lowest low in this 5 min chart. Then place 2 pending but opposite orders on both sides, a buy stop pending order at least pips above the highest high and and a sell stop pending order pips below the lowest low in that range. Then also place stop loss on either side for each of the pending orders: your stop loss for a pending buy stop order will be the level at where you place your sell stop pending order and vice versa. When the non farm payroll data is released, one of the pending orders will get activated.

Then immediately cancel the other pending order that was not activated. Where To Take Profit? There are a few options you can use to take profit: two times the range or three times the range: for example, if the range is 40 pips, then set your take profit at 80 pips or if 3 times the range, your take profit would be pips which would be essentially risk:reward ratio of Another way is to have no take profit target at all but just use trailing stop and riding our the massive price move until you get stopped out like shown in the chart above.

The Non Farm Payroll is the most significant data in the US , usually published the first Friday of each month , at am EST , it is a major economic indicator that measures the employment situation on the USA.

A strong non farm payroll number means a solid , growing and abundant economy. On the other side , a weak number is synonym of slowing economy. The FOMC based their monetary policies decisions on the results of NFP Reports. In the Forex market , the NFP is a great volatility maker , not only in forex markets but also in stocks and bonds.

see Non-farm payroll dates here. In this article , we will project the lights on 2 trading NFP strategies , that works and provide best results. The first one on the day of reports using 5 minutes daily chart and the Second one at the end of monday next NFP using the daily chart. The rule : At the opening of Market US Session , take a look at the first bar , you should wait for the next bar going below the low of the Bar , or above the high of bar.

this bar becomes our valid Bar. then you should place a sell stop 15 Pips above the high of this bar and 15 Pips below the low oh this bar , the trade must be executed the same day.

Pivot points and support and resistance lines can be exceeded without any notice. After the price has gone through its changing movement for minutes, normal price action should resume. Reversal is possible. Be watching for the asset price to move solidly in one direction for no less than 10 minutes after the report comes out.

Then wait for the asset price to drop to the low candle before trading. If the low is broken, expect price movement in that same direction. This is a distinct setup that will allow you to trade based on the price breakout to the appropriate side. Such opportunities will not show up every month, but keep them in mind when the Non-Farm Payrol is released each month.

The Non-Farm Payroll report can offer plenty of different fixed time trade possibilities. Just be sure to never force your trades. The best opportunities will come to you once you know what indicators to look for. This advice holds true with any of the important data reports, so watch for great profit chances whenever economic reports are released. Strategies for use by traders in the binary options market have increased as the popularity….

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To use MetaTrader 4 Terminal For PC, iOS, Android, and MultiTerminal for PC, please connect with our trusted broker. Click Here to Register now. If you have any questions please contact Live Chat Or email us at [email protected]. Trading on the news, namely on the release of the United States Labor Market Indicators Non-Farm , has some features that a trader can use to make a profit.

The Non-Farm Payrolls NFP indicator shows the number of new jobs that have been created in non-agricultural Non-Farm economic sectors in a month. Non-Farm Payrolls is a payroll that shows the number of jobs that workers are paid. The indicator is very important for the market economy and shows how much employment has changed in the country. NFP, also called Non-Farm Employment Change, is released on the first Friday of the month at The indicator is lagging, as it reflects statistics for the previous month.

If the NFP rose from the previous value, it means that the employment rate has increased, which has a positive impact on the US economy and strengthens the USD. Conversely, a decrease of the NFP is seen as an increase in the unemployment rate, which is negative for the US economy. Empirically, it is believed that the growth of this indicator by , jobs per month is similar to the growth of the country's GDP by 3. The minimum trading signal is a shift by 40, jobs. Large changes in NFP from , and above can cause strong market movements.

Therefore, NFP is the indicator that moves the markets. It is difficult enough to give a forecast about a specific figure of NFP data, as well as to predict the market reaction. Consequently, traders use a little trick to catch a strong price movement and take their profits. To do this, just before the news release, 2 pending orders should be placed - Sell Stop and Buy Stop.

It is well-known that the market can stay in two states before the release of important news: "flat", i. minimal movements in a pair of points, or "swinging". If a trader sees a "spike" before the NFP release, it is better to refrain from trading, as there is a high probability that any of the orders will trigger and then roll back to the opposite side, which can lead to losses.

Pending orders are placed only in conditions of pre-news "flat". Usually, on the day of Non-farm Payrolls publication, very few traders enter the trading process before the news release. During this period, the Forex market often makes false breakthroughs of levels, or trades in a fairly narrow points range, whose direction is very difficult to determine. If there are any open trading positions before the NFP release, it is better to close them, because even if you set the safety Stop Loss closer to the price and the market opens against you with a gap, you risk that your order will be closed not at the Stop Loss price, but at the market price at the moment of news release at the price of opening a gap.

Usually in these 2 - 3 minutes the price stops. As NFP is difficult to predict, and the Forex market reaction to the published indicator is unpredictable, so it is necessary to place pending orders for a breakthrough in 2 opposite directions with a point margin Buy Stop and Sell Stop. After the NFP data is published, the Forex market price will "burst" very sharply either up or down. At Take Profit of points, one of the positions triggers and closes with profit.

The safety Stop Loss is set at a distance of 20 points, and it is necessary to set it before the placing of orders, because after - you may not have time to do it, or may accidentally lose the Internet connection. Trailing Stop is ideal for this purpose trailing stop gives the order to move the Stop Loss much faster than the person.

The movement at this time is very fast. Therefore, after the triggering of one of the orders, the second one should be immediately deleted.

Timeframe M1, M5. When working with this strategy it is IMPORTANT to test it on a demo account, to study previous reactions to the publication of NFP. Trading after NFP release. After publishing the news, we have earned our points. Now we should take our time and wait for the next market reaction to the news. With NFP higher than the previous one, the US dollar is strengthening.

Accordingly, it will be reflected in the charts. For example:. Trading on the news is a highly risky activity, which can bring both quick profits and losses. Therefore, it is up to everyone to decide whether or not to trade the news.

We believe that it is possible to trade the news, and in the case of Non-Farm Payrolls is the most suitable option is short-term trading during the current day, as then there is a weekend rebate, all and by Monday the market situation may change dramatically. We are one of the fastest growing Forex Brokers in the Market. Trade with PaxForex to get the full Forex Trading experience which is based on Log in.

Be a Step Ahead! To receive new articles instantly Subscribe to updates. LATEST TRADING ANALYSIS. Forex Broker Forex blog Non-Farm Payroll Trading Strategy × Be a step ahead! Dear user, To use MetaTrader 4 Terminal For PC, iOS, Android, and MultiTerminal for PC, please connect with our trusted broker Click Here to Register now If you have any questions please contact Live Chat Or email us at [email protected].

Non-Farm Payroll Trading Strategy Trading on the news, namely on the release of the United States Labor Market Indicators Non-Farm , has some features that a trader can use to make a profit. In this situation, it is possible to place a Sell order.

Most often, at such moments the price makes long jerks and goes back. Therefore, the use of a trailing stop will be most appropriate for getting profits. With a general downtrend, the movement will increase and will continue to decline. Here are the possible options to take profits of 70 - 90 points you can check for yourself on the history, the price goes more than points , and due to strong return movements the stop is triggered at a distance of about 70 - 90 points.

After that, it is recommended not to enter the market. If the NFP is lower than the previous one, the US dollar weakens: With an upward trend, the price will go up by about pips. In case of a downtrend, the price will make a leap in the opposite direction, but soon it will return to the previous trend. Conclusion Trading on the news is a highly risky activity, which can bring both quick profits and losses.

TRADING STRATEGY NON-FARM PAYROLL. You might also be interested. Average: 5 vote.

In this case, you can capitalize on a pip price move. This position must be closed at the end of the week on Friday. Usually, on the day of Non-farm Payrolls publication, very few traders enter the trading process before the news release. Functional Functional. If the actual value is lower than the forecast value, you need to keep your Buy Stop and remove your Sell Stop.

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