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Non-farm Payroll Technical Trading Strategy
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Old 05-04-2007, 06:24 PM
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Hi,

Today we had the most watched release in the forex world - the Non Farm Payroll. Instead of straddling or trying to get in just after 8:30 I decided to wait for the retracement and get in at the right moment. (see chart). From my experience of trading the NFP, the EUR/USD becomes very technically driven after the release. Major support and resistance levels define its direction and with a good technical strategy trading NFP can become quite profitable.

Your thoughts are welcome,
Steve
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