FOREX Training | FOREX Non-Farm Payrolls October 6, 2006

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Uploaded by on Oct 9, 2006

The forex headline number for Non Farm Payrolls was bad today. So the EUR should skyrocket... right? Wrong! Why did the USD strengthen after a terrible NFP release? Last month was revised upward by 60,000 jobs. Professional FOREX Traders expected a poor NFP, but no one saw this huge positive revision coming. Boom! As a result, the cable and euro dropped. As usual, a forex trade opportunity developed at the close of the 5 minute candle and a break of support... or a lower low. Pivots and Fibs then predicted likely bottoms. Traded the fundamental annoucement technically! FOREX, FOREX, FOREX, FOREX... you gotta love it!

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News & Politics

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  • likes, 16 dislikes

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  • that program he is using for this video is deal book 360 however i have seen him use fxcm aswell

  • How come he makes money selling vids when its free on youtube?

  • thank you for posting the daily reviews.. and i'm sorry for people who haven't tried the system, and yet they quickly criticize.

  • i bet this guy makes money in forex by selling this video, thats about the only way he can make money with the bs he is saying

  • That's a great method of trading news events like this. Combining the fundamental aspects with technical analysis. As it's becoming increasingly difficult to trade based on fundamental analysis alone. In addition, the ridiculously big spreads just before news release make it almost impossible for those who straddle to profit.

    All in all, it's a great, highly educational video you put together.

    Jason Nguyen

    TradingImpactDotCom

  • Excellent video.  Do you at some point in your teachings cover the emotional control needed for trading (as money is a very emotional matter for most people)? Curious...

    TraderBrian

    InsideOutTrading

  • at around 16:15 ... how the fibonaci knew the NFP results? of course he didn't knew, fibo is not nostradamus, it's just "snake oil"

  • Anyone trade the NFP 04/06/07 ?

  • Anyone trade the NFP 04/06/07 ?

  • Wow, this is confusing,but thanks for the expertise.

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