Friday 4 February 2011

NFP day in a bull market

Today is NFP/Jobs report day.  When we have been in a bullish market (like we are now) historically there has been an upside bias at some point in the day.  To demonstrate this, below is an equity curve of a strategy that goes long the es emini contract in a bullish market (proprietary definition) on the open of the overnight session prior to nfp day and takes profits equivalent to 3.5 points in today's market.


Whilst this alone is not enough to generate a trade, it's a historical bias worth being aware of.

Good trading all.

No comments:

Post a Comment