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Weekend Update. Non Farm Payroll Numbers See Dollar Strengthen.

non farm payroll numbersBetter than expected non farm payroll numbers out of the US saw Dollar strengthen today, which saw Cable hit fresh lows and Euro Dollar drop 150 pips in 45 minutes.

This week has been a tough week to be honest, the price action has been pretty poor and big moves on the back of news has made it difficult to trade this week.

Monday was a pretty poor day, the pairs were moving in a pretty tight range, so pips were hard to come by. We did take one trade though. The trade was a long trade on Cable at 15040 up to 15070 for 30 pips.

Tuesday was a much better day. We took 4 trades for a total of 113 pips. All the trades were on Cable. We took it long at 15116 up to 15139 for 23 pips. We took it short at 15194 down to 15154 for 40 pips. We took it short again at 15128 down to 15098 for 30 pips. And then long again 15095 up to 15115 for 20 pips.

Wednesday we took 2 trades. Cable short at 15097 down to 15067 for 30 pips. We also took Euro long at 12966 up to 12980 for 14 pips.

Thursday we took 1 trade. Cable long at 15000 up to 15066 for 66 pips.

Today we took 3 trades for a total of 121 pips. Euro long at 13196 up to 13224 for 28 pips. This was before the non farm payroll numbers. We also took it long again after the NFP at 12966 up to 13004 for 38 pips. The price came back down again to test the low, so we took it long again at 12959 up to 13014 for 55 pips.

Total trades for the week 11. Total pips 374.

Not a great week compared to recent weeks, but 100 pips per week is my target, so we have far exceeded that target again. 🙂

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