Notes
- The market during Non-Farm Payroll weeks is often volatile and unpredictable.
- From the 11th hour on Wednesday through the end of the week, during Non-Farm Payroll week, the market is challenging for new traders.
- When the price does not respect PD arrays, it is a sign that we should stay away from trading.
- After the report is announced, we should wait to trade until we see the algorithm start delivering the price again with the precision usual for normal days.
- During weeks with these reports, Michael is less active in the market:
- PPI - Producer Price Index
- CPI - Consumer Price Index
- NFP - Non-Farm Payroll
- FOMC Statement
- FOMC Press Release
- If we are bearish and want to enter a short position on an FVG that is part of several consecutive bearish FVGs(bearish FVG sequence), we must always allow the price to trade one FVG higher.
- If we are bullish and want to enter a long position on an FVG that is part of several consecutive bullish FVGs (bullish FVG sequence), we must always allow the price to trade one FVG lower.
NQ Trade Example - Sequence Of Bearish FVGs
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