How I Traded the NFP Price Action Today | Nov. 8th

Like all things, what seems hard, elusive, or confusing, becomes easier with training.

In the beginning, I always suggest not trading the NFP number (but watching it), especially if you haven’t built up confidence in yourself, experience, chart time, and are well trained.

But once you are, the NFP number, and often volatile price action which accompanies it, is just weather…of a different kind. Sometimes its really challenging, and sometimes its more workable. ¬†And with training – there are opportunities.

Here is how I traded the EURUSD during NFP below using the 5m chart:
live trade nfp eurusd price action 2ndskiesforex nov 8th

What you are seeing is me entering within 7 minutes after the NFP number came out, using only the 5m chart and price action.
I exited when I noticed it was likely to bounce and showing signs within the price action, wherein it bounced right after I exited. Total profit was +75 pips with < a 15 pip stop, for over 5.5R, all within about an hour.

Keep in mind, if you were busy looking for a ‘price action signal’, then you would have missed it, along with most of the moves for today.

Food for thought.

Make sure to check out our highly controversial article Trading Like A Sniper – What It Really Means

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Verified Profitable Trader

Hi, I'm Chris Capre, Founder of 2ndSkiesForex. I've turned $3,000 into $83,000 in my first 6 months of trading. I'm a verified profitable trader and trading mentor. I help traders of all levels change the way they think, trade and perform. As a professional trader, I specialize in trading price action and the Ichimoku cloud. As a trading mentor, I have one goal: to change the way you think, trade and perform using 18yrs of trading experience and cutting edge neuroscience to wire your brain for successful trading. Want to improve your trading edge and mindset? Check out my trading courses here.

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