May 3, 2013
- in Uncategorized by schooloftrade
Non-Farm Payroll Morning Prep; SchoolOfTrade.com Day Trading Strategy
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| CLICK HERE TO PREP FOR TODAY! |
There are only two rules for
being successful. One, figure out exactly what you want to do, and two, go do
it.
This morning we are trading Non-Farm
Payroll Friday, which is NOT your average Friday trading session. Non-Farm Payroll news is the biggest news we
get as professional traders, and this morning we need to respect the fact that
this news event is avoided by almost EVERY wise trader. Many traders don’t even trade this morning
because of the volatility and unpredictability, so take that into account when
you begin this morning.
Have you ever heard the term
‘priced-in’? When a market has
‘priced-in’ the news, this means that throughout the week traders have placed
their ‘bets’ assuming how the news would be released, which causes the market
to move in the direction as-if the news had already been released.
‘priced-in’? When a market has
‘priced-in’ the news, this means that throughout the week traders have placed
their ‘bets’ assuming how the news would be released, which causes the market
to move in the direction as-if the news had already been released.
