Nonfarm Payroll Week Trading Models
It is well know among many professional traders that NFP week has a strong bullish bias. But as I have shown in the article, Nonfarm Payroll Report Bias, it is not that simple in utilizing this bias in reality. I am going to show you 3 trading models, 2 swing and 1 daytrade, with exact rules that transform the basic idea into robust trading systems.
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Comments
Brilliant on so many levels. Thanks!
Did you ever run the series only for Fridays that printed the highest high in the relevant week? That happened this week. Was it just inconsistent? Or was it a net negative?
These Fridays lead to 50/50 directional move on NFP day specifically.
Thank you
It looks to me like this model stopped working around 2013, although it does seem to pick up again starting in 2017. Any idea why it’s behavior changed so much?