How to trade non-farm payrolls
The problem with big indicators like non-farm payrolls is that when they trend it narrows the scope for making decent money on the event because the volatility is much lower.
Trading is all about looking for value and while there may be ticks to be made on a better than expected number, the better value will be in an anomally. It’s a very unlikely scenario granted, but they do happen from time to time and so it pays to be aware.
If you know how to react to every situation before an event, no matter how unlikely, you will be prepared to make the move that brings home the gold while others are running around like headless chickens.
Virtually any plan is better than no plan.
Don’t let this be you at non-farm payrolls time
