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Trading the September US Jobs Report

Trading the September US Jobs Report

DailyFX, Research

The much anticipated US Non-Farm Payroll release is tomorrow morning at 8:30a ET. This is arguably the largest market moving event for the USD.

If you wish to trade the report, follow this News Reversal Strategy. ( How to Trade the US Jobs Report on Friday)

Below is a chart of how the set up would have looked in September 2011.

A trader would have noticed prices near the top of the range and placed a sell order at 1.4250. The stop loss would have been at the top of the range near 1.4290.

Catch Trading Instructor Walker England at 9:15a ET tomorrow morning just after the release on the US Market Opening Bell. Walker will digest the report and share any trades that appear to be setting up as a result of the news release.

The webinar will be conducted inside the DailyFX Plus Live Classroom.

Login HERE with the temporary password noted below:

Username : dfxedu

Password : dfxedu24

---Written by Jeremy Wagner, Lead Trading Instructor

To contact Jeremy, email jwagner@dailyfx.com. Follow me on Twitter at @JWagnerFXTrader.

To be added to Jeremy’s e-mail distribution list, send an email with the subject line “Distribution List” to jwagner@dailyfx.com.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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