On the Friday NFP night, I was invited by Lim & Tan to their special movie screening event, “The Amazing Spiderman 2”. It was a awesome event with dinner, popcorn and drinks included, and I also met one of my students there!

Unfortunately, the NFP was right smack in the middle of the movie, which meant I could not trade it comfortably at home, but thankfully I managed to enter a quick trade on my phone. I took a major long position in Gold, and although the entry price wasn’t as precise as I wanted it, nevertheless it was still a winning trade, and I only missed 5 minutes of the movie. 🙂

Thanks once again to Lim & Tan for organising this event, and I look forward to the next NFP trading opportunity! Cheers!

 

Since the sell-down from the distribution supply zone, which was triggered by the 2B short I posted in the Synapse Network forum, price has been pushed down to the support zone, where the next likely behaviour is to accumulate. This has manifested in a long-tailed pin-bar, a result of professional stop-hunting. I am not too concerned about its exact shape or pattern, as the key idea here is the underlying psychology.

Having flushed out the weak holders, I have taken a long position to catch any upside swing to the targeted zone above. There will be FOMC and NFP later this week, so much volatility is expected. Trade with care, and trade with understanding. Good luck!