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Strong Move for the USD

This trade came to us about 45 minutes after the Non Farm Payroll report came out. We waited patiently as price was falling hard on the EURO. The price was hitting lows of March and May. It didn’t look like there was going to be a bottom in sight, but we did see two big five-minute wicks form on the EURUSD. This is when we decided to take our support call option back up to the north side. Price immediately climbed in our favor and never looked back. Price moved up almost 11 pips in the first 2 minutes of our trade and by the time this trade was finished, we had a solid winner at Traderush.

We were coming off the holiday of July 4, 2013. It’s sometimes hard to get back in the groove after a day off of trading. Markets were opened up on this Friday and the Nonfarm payroll report for July came out at 8:30 this morning. The news was pretty good for the United States causing the EURO to drop off pretty significantly and eventually form these lows where we took our trade. We’re not sure if price will continue to the Southside today or start to consolidate and move back up into itself. Watch patiently and take the best trades possible should one come into play.

In the image below you can see how the price action dropped off significantly after the NFP news was reported at 8:30 this morning. This is where price action gave us a sign that a bottom might be near. Usually we look for significant moves to the South side or North side depending on which direction we want to go. Having an extended move is what we like the best. These five-minute wicks at the bottom gave us our entry and our price point moved up nearly 20 pips by the end of the trade. Price has moved up even more since the close and continues to rise back up from our entry point. Although price action looks pretty heavy right now it will most likely calm down for the rest of the day. Considering this is a Friday of a holiday weekend.
Getting it Done after NFP
We talked about a third-party signal service that may work with us in a couple of weeks. Ww’ll have more information about that for you as we get it. These will not be signals by, but by a third-party that we feel might help you make better decisions if you’re having a hard time trading. Not all signal services work; that is why we are only going to try to work with the best ones. The signals will not be provided by us. As soon as we have more information we will pass it on to you guys through e-mail or video. If you have any questions about this please let us know.
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