Trading Non Farm Employment with limited risk is vital for traders because it can spike in both directions.  This is why I only trade it with the Nadex Binary Options.

Trading Non Farm Employment with Limited Risk

Immediately prior to the Non Farm Employment report, I placed the following positions:

Trading Non Farm Employment with Limited RiskEven with the best of setups, this report can go against traders.  I have been on both sides — losing and winning.  Luckily this morning, the TradersHelpDesk indicators called it perfectly and the trades moved in my direction.  The total risk on all seven positions, trading ten contracts, was $1,825.50 (excluding exchange fees).  On entry, I placed profit targets because this is a very volatile report and sometimes getting out can be troublesome because the premiums are moving so quickly.

Trading Non Farm Employment with Limited Risk - Working Orders

As indicated by the green checkmark, most of the working orders were filled.  However, on Gold, I exited at $40 as I did not want to hold thru the market opening.  This provided a profit of $34 per contract.  The table below shows  Trading Non Farm Employment with Limited Risk trades including strike, position, risk and profit (excluding exchange fees):

Non Farm Employment Profit Loss

While I would love to say that these were easy trades with the indicators, at best, trading the Non Farm Employment is at best, an educated guess, as to which way they will take the markets.  In this case, I used the higher timeframes to indicate which direction they were “likely” to go.

On the EURUSD daily chart, price was at a congestion dot and the 240 minute was showing hidden divergence to the downside on the Stochastics.  On the 15-minute chart, there was a congestion area and price was testing a red ATR stop — typical behavior would be for price to move down.

On the USDJPY, the daily was at a congestion dot indicating upward movement.  The 240-minute chart was showing trend divergence — to the upside.  On the 15-minute chart, price was at a blue ATR (during a period of congestion), indicating that it would go up.

On Gold, the 720 had indications that an ADX magenta peak was going to form, pushing price down to the ATR.  The 45 minute confirmed the downward movement as price was already testing the ATR on volume divergence.

Here’s the key when trading Non Farm Employment with limited risk– was it worth $1,825.50 of risk to make profits of $3,875?  For me, the answer was yes.

If you enjoyed this video, you may also want to watch the Binary Option Trade Management video for more tips and tricks on trading binary options.

The TradersHelpDesk Trend ATR indicator, that is used in the video is $395 and available for TradeStation, NinjaTrader 7, and Multicharts.

The TradersHelpDesk Directional Volume indicator that is used in the video is also $395 and available for TradeStation, NinjaTrader 7, and Multicharts.

The TradersHelpDesk Stochastic indicator is also $395 and is currently available for TradeStation and Multicharts.

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