Here are 15 minutes chart forex strategy number of forex 15 minute chart strategy game to trade it. The report reveals the US employment situation, shedding light on the strength of the economy.
On a non-farm payroll release day, intraday movement could be much larger. Typically the GBPUSD has more movement than the EURUSD, which is why the GBPUSD is the preferred pair for this strategy. That said, the EURUSD can also be used if overall daily volatility is similar to or greater than the GBPUSD. Below I discuss a simple strategy and an advanced strategy. This is fine, but my personal performance is better with the more advanced strategies discussed later on.
That said, the advanced strategies are more subjective and may be harder for some people to implement. The Simple NFP Forex Strategy This strategy uses the GBPUSD and a 15-minute chart. A 15-minute chart allows the initial volatility to subside, but still allows us to capture a large potential move once the market participants make a more rational decision about whether they want to buy or sell based on the news. Do nothing for the first 15 minutes after the NFP announcement. A wide-ranging price candle will occur between 8:30 to 8:45 AM EST. The wide-ranging candle should be 40 pips or greater, assuming average daily volatility is around 100 pips.