Archive for the ‘US News Data’ Category

I’ll be gone all day today and forgot to do this yesterday, so groggily here it is.

7:00 AM EST
CAD Employment Change – Change in the number of employed people for the previous month
USD/CAD

In December, we saw -38.1 and .1 with a 38 pip spike, 50% retracement, and continuation to about 40 pips. In January, we saw -2.5 and .1 with a 22 pip spike. This is a very small deviation for this release. In February we saw -19 and .1 with a 17 pip spike and full retracement in a couple minutes.

This can be a good mover if we get a deviation over 25 to 30. Otherwise don’t expect much.

ORACLE TRADER – try 25 medium and 35 safe. Trade 1/2 your normal lots on a medium and full lots on a safe.

STRADDLE V1.3 – set maxSpread to 8. Get out right after the initial spike.

STRADDLE PRO – I’d set Buy/Sell Trigger to 20 and check the row 1 box. ALso get out after the initial spike unless the deviation is a minimum of mid 30′s. Then you might want to close some and wait to see if we get further movement.

8:30 AM EST
US Non-Farm Payroll – Change in the number of employed people for the previous month less changes in the farming industry.
EUR/JPY

In December we saw -5 and .4 with an 11 pip spike. These are bizarre numbers. In January we saw 45 and -.2 with a 19 pip spike. It spiked down 5 pips a couple seconds before the news, then spiked up 19, then thrashed around not sure what it wanted to do. In February we saw 103 and -.2, which are huge numbers. It spiked 38, retraced slightly, push on to 45, and then eventually retraced.

Be careful with this.

ORACLE TRADER – try medium of 60 and safe of 85, trading 1/2 your normal lots on a medium and 3/4 on a safe.

STRADDLE V1.3 – set maxSpread to 7, buy/sellPips to at least 7, and get out after the spike.

STRADDLE PRO – set Buy/Sell Triggers to 50 and check the box. Set buy/sellPips to at least 7. Use trailing stop or take profit.