Trading Non-Farm Payrolls
What is NFP? The non-farm payroll (NFP) data is a key economic indicator that represents the number of jobs added to the US economy excluding farm employees, government employees, private household employees, and non-profit organisation employees. The US Bureau of Labor Statistics publishes it on the first Friday of each month at 8:30 a.m. Eastern…
Debriefing 2nd June 2022 and Today’s NFP Plan
Links Weekly Analysis Yesterday’s Debrief Todays Link Live on YouTube Images can be found on Twitter Need to know market risk @ FinancialJuice.com Data Yesterday’s Market Profile and Price Action Debrief The ON auction was balanced, remaining within the lower distribution of yesterday’s auction. Given the previous afternoon’s balance this added significance to this area. A…
Week Review into W/C 31st May Memorial Day
Links Week Ahead Highlights: Key Labor Market Reports Out this Week Next week, market watchers can expect several key updates gauging the strength of the U.S. labor market. On Wednesday, the Bureau of Labor Statistics (BLS) will release its monthly Job Openings and Labor Turnover Survey (JOLTS) report, measuring openings, hires, and separations for the month of April. Job…
Debriefing 1st June 2022 and Today’s Plan
Links Weekly Analysis Prior Day’s Trading Notes: Today’s Live Link: Live on YouTube: Images can be found on Twitter Need to know market risk @ FINANCIAL JUICE: Ukraine’s President Zelensky: There is the possibility of an inflection point in the country’s conflict. Kremlin: Russia won’t sell oil at a loss. Gulf OPEC Source: The decision…
Market Profile and Understanding Different Day Types
Market Profile allows us to evaluate market value as it developed during the day time frame, week or other timeframes. Price is displayed on a vertical axis against time on the horizontal, and the chart represents price as a distribution of frequency. Each Unit of time is a 30 min period. If shaped like a…
Debriefing 31st May 2022 and Today’s Plan
Debriefing 31st May 2022 Long weekend and Holiday ON (MONDAYS SESSION IS ADDED TO TUESDAYS ON SESSION) session resulted in a predictable continuation of momentum higher that carried over from Fridays close at the weekly highs. This is coming off the back of a 2-week rally from the year lows. A reversal of the holiday…
Market Profile, Spike and Singles Guidelines
What exactly is a spike? A spike is simply an initiative price movement induced by a shortage of available liquidity to match demand from opposing buy and sell orders. As a result, the market moves away from a previously established balance. When participants are less willing to execute orders in a controlled and passive manner, they…
Market Profile Guidelines and Trading Balance
To successfully participate in the market, I have devised a set of guidelines that are not absolute, but are absolutely necessary for me to be consistent. As a discretionary trader, I have an advantage over an algorithm because I can better analyse Realtime data and disseminate new information more quickly. The disadvantages are mainly to…