2010-04-02 NFP at 162K.

Today we have the NFP number out, when everyone is on vacation. Stock market is closed for Easter and only FX/Future are open.

We have the number now 162K, which is lower than the exp 190K, but higher than some of the lower line at 140K level.

The price was build-in with 190K yesterday when it's rally to 1.3590 level, and pull back to 1.3550 level before the news. Now 10 minutes after the news, it's still trading at 1.3550 level..




My plan was:
E/U had suport at 1.3540 and resist at 1.3590 before NFP, it was between 1.3560 and 1.3545.
My plan is to follow the trend and with after the news when spread smaller than 1.
Buy the dip and short the pop in mini trend.


My execution was: I traded with half of regular size, didn't wait unitl the spread drop to 1. Take profit quickly. Dip and go.