Welcome to July ladies and gents!
This is my first post of the month and boy am I excited about it!
I am starting this post with good news and better news for the people who are following PipsMatter, the good news is that our trading room is back up and running, the better news is that its TOTALLY FREE!
You can join the Trading Room by simply clicking the button in the header that says "FREE Trading Room" or by clicking here.
Again, the registration is totally free and everyone is welcome to join, however you need to behave as inappropriate language will not be tolerated and no warnings will be given on lifetime bans.
Also, the video of yesterdays mini-course will be uploaded today, so everyone that registered will get the link for it.
A lot more is coming this month from PipsMatter, for example, the "best brokers" page is going to get a few new brokers, currently you cannot access that page, but you should over this weekend.
Anyway, it's Friday, first Friday... and that only means that its NFP TIME! So lets head to the trade idea for the NFP!
Ok so, I haven't done one of these in a while... (NFP Trades) but I am pretty confidant I will continue my winning streak, after all, last year I got 9 NFP winners in a row and this year I haven't touched the NFP because since December I have been busy working... and trading only a little (day trading, using my short-term system).
So, my trade idea for this NFP is on USDCAD. Lets move to the charts.
USDCAD 4-Hour Chart
(click on image to enlarge)
We have a little over an hour to go till the NFP numbers are released, but there's an important point you need to know about the USDCAD pair during the NFP... at the exact same time we also have important Canadian news coming out, and many times this causes bigger volatility on USDCAD than the other USDXXX pairs.
Let me explain the image a little bit better using a very short video, I can't type this much...
I trust the video helped you out with trading the NFP today!
Enjoy the weekend, see you next week!