Now we're out, awaiting NFP tomorrow

NFP:

We've proved many times that the trade comes after the event so we don't need to mention it further. These are the intra-day levels and Excalibur hotspots for your charts. Target is active, wait for the move to finish, let price settle and then attempt getting in if you feel the need, on a good set up! New traders, less experienced traders, stay away from the markets. NFP and FOMC are known to cause traders problems and the most amount of accounts are blown during these events.

Please reference the FOMC Report as well which was posted on Weds.

Here's an example on GBPUSD. Price moves, target activates. Wait for price to finish the move, look for the base, then the set up, once confirmed, the move starts straight into the target. You should all be doing this, don't just layer up trades in hope. Control your greed and FOMO

Ready?

Crude!

You don't need to trade it, it's still good to analyse the move, plot the target and then wait. Seeing your work play out is a win also.

DXY - Before

DXY - now!

Some live lessons going on - Scalping the NFP move

The market is designed to confuse retail traders, the reason for that is they know 95% of you enter these markets with no plan. You’re not aware of the levels, you’re not charting the pairs you trade, and you lack the basic skills to manage your money and your risk. You need to have a plan before you enter a trade, you need to have a strict set of rules, and everything should line up as much as possible before you take the entry. By the time new traders understand they need a plan, they’ve blown their accounts and blame the markets. KOG