Monday, 6 April 2015

NFP - 20150403 - AUDUSD

Another clear example of how the market usually behave during NFP news. 

AUDUSD/5 min chart
  1. Watch for news for one side bias
  2. Enter on pull back 50% of the first 5 min candle
  3. Enter trade on pull back
  4. Wait for trend of news to continue
  5. Exit at 90% high/low of first 5 min candle 
  6. Sometimes trend would continue beyond the high/low of the first 5 min candle; other times the first 5 min will show you the max swing distance of the pair
  7. When the hype is over price would retrace and resume it course

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