My first US Non Farfm Payrolls / NFP trade plan using the format taught at the Price Ladder Course by Futex.
I have only done one market the Bund, as a test and will be trading at on SIM.
What is the Range and 1 SD?
Number range for last 6 months is 150k
1 SD for the last six months is 55k.
Is there a trend in the data?
Data on the right is the oldest. Therefore since Oct 2014 slight downtrend.
What number would constitute a change in the trend?
300k plus would be a possible change in trend.
What would be a big beat/miss?
Exp is for 205k, so below 150k would be a big miss and above 260k would be a big beat
What is Range Profile on the Bund
Last 65 NFP
Last 12 NFP
What is the Daily / 240 Structure
EXP = 205K
|EXP =||Big Miss < 150k||Exp 150k > and < 260k||Big Beat > 260k|
|IM/SM||IM – Move up thru hi at 84
SM – Move up to / thru 98
|IM – Move to Bof 03/84
SM – fails to make new extreme or BOF and returns to SOC
|IM – Move down thru lo at 03
SM – Follow thru to 82
|Exec||Get in on agg entry at 50% PB of IM T84
84 agg entry on orderflow on bac t 98
Look for BO (for scalp) or BOF at 98 for short
|Looking to join the 50% PB of IM on agg and then fade BOF of 03/84
Agg entry on order flow at 63.03 on the downside for longs
Agg entry on order flow at 84 on the upisde
|Looking to join on 50% of IM agg T03
Agg entry on orderflow on bac of 03 t 84
Aff entry on BO (for scalp) or BOF at 82 for long