Eight profitable trades during Non-Farm Employment Change report using the TradersHelpDesk indicators and binary options and spreads to limit risk. The most risk carried on any trade was $34 per contract (EUR/USD spread). The NFP is an extremely volatile report. The typical movement after this report is at least 50 pips and sometimes over a 100 pips. If you are wrong about the direction and cannot limit risk, it can devastate your account. This is why I choose the Nadex binary options and spreads.
Eight Profitable Trades During Non-Farm Employment
Around 4:30 am New York time, I recorded the video analyzing each of the markets focusing on the higher timeframes. While the TradersHelpDesk indicators are leading indicators, when you combine this with the higher timeframe analysis, it is a powerful indication of where the market is likely to go even during the Non-Farm Employment Change report. Then you can use the lower timeframes to trade into these moves. This is exactly what I did yesterday. I analyzed the higher timeframes and simply traded into the direction that they indicated. The results were fantastic as all eight trades made money. By 9am New York time, I was posting results.
The flip side of winning is losing. I always plan on the worst case scenario — losing. This is why it is so vital for me to choose a risk that is acceptable. If the numbers had come out negative, I could have lost on all eight trades. Even with the best indicators, it can happen so I plan for it. In this case, the most I was risking on any given trade was $34 per contract. This meant that I would survive to trade another day, even if every trade I took lost money. However, this is the one aspect that a lot of traders fail to plan for. Instead, they take on too much risk and they cannot survive for more than a few weeks or months.
By focusing on the worst case scenario, I manage to survive. This is also one of the focus concepts in the online training in the TradersHelpDesk video collection that is included with all packages. TradersHelpDesk currently offers two packages for trading Non-Farm Employment Change reports — Create Your Own and Silver Package. Both the Create Your Own Package and Silver Package are on special this week and include the indicators, documentation, and online video training. Plus, if you are new, I even connect and install the indicators for you!