Happy Friday and hope you all had an eventful Halloween last night. In today’s live trading session, we talked about the Non-farm Payroll (NFP) News Release at 8:30 am this morning. This month’s Non-farm Payroll Release was mixed as we had an increase of 128,000 jobs, but employment rate stayed at 3.6%. This led to significant US dollar strength for two hours. We had lackluster US Manufacturing PMI at 48.3 which caused an immediate weakness in the US Dollar, therefore many majors currency pairs gain strength against the USD as a result.
After speaking on the fundamentals, we did a full recap of our trading week, reviewing all the trades we took this week. Due to market conditions this week, we only took a handful of trades but we were able to achieve +285 pips of profit (very close to our weekly goal of 300 pips).
We had a series of winning trades, until we hit our first loss on the EURUSD pair. This was the first loss in 2 weeks and was due to the lackluster PMI data. We had numerous ‘home-run’ trades such as our CADJPY short, EURNZD short and XAUUSD (Gold) short.
We had a very productive and profitable week in our Trading Room, and we’re excited to continue building on our success with our traders. Our members are already making great strides in their trading through implementing the advice we share and price action trading strategies we teach in our daily live trading sessions.
With the Non-Farm Payroll (NFP) trading week over, we’ve identified numerous trade opportunities for next week for EURUSD, EURGBP and XAUUSD which are all explained in the live session. We are anticipating a really good trading week next week.
Lastly, today is the very last day for our 1+1 Month Halloween deal. You can purchase any membership over 1 month and receive a free month added to your subscription. Click here to get started.
Watch The Live Session Here:
Check Out Yesterday’s Live Session Recap: October 31th, 2019
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