Here is trading idea I came up with for trading the NFP. Pull up
daily chart of eurusd and add an MACD (12,26,9) indicator and
look at the trend since the last crossover on the 1st day of each
month. I researched the last 14 NFP announcements, and for 12
of those months, the pip movement on NFP day was in same
direction as trend of MACD of eurusd on the daily chart that
continued since first day of the month. For the other 2 months,
there was not a clear signal. I am looking at using currency
options to trade NFP using this method. Much less risky than
trading spot.
daily chart of eurusd and add an MACD (12,26,9) indicator and
look at the trend since the last crossover on the 1st day of each
month. I researched the last 14 NFP announcements, and for 12
of those months, the pip movement on NFP day was in same
direction as trend of MACD of eurusd on the daily chart that
continued since first day of the month. For the other 2 months,
there was not a clear signal. I am looking at using currency
options to trade NFP using this method. Much less risky than
trading spot.