Trading the NFP (Non Farm Payroll)
The most important statistic analyzed is the non-farm payroll data, which represents the total number of paid U.S. workers of any business, excluding general government employees, private household employees, employees of nonprofit organizations that provide assistance to individuals, and farm employees. This data is analyzed closely because of its importance in identifying the rate of economic growth and inflation.
We didn't get a chance to trade together in the class for NFP, but our traders are all well informed of what they should be looking out for in order to trade on such a volatile NFP night.
We are putting all our traders in groups and they are suppose to help and pace each other. Groups that are not on duty tonight are trading solo but still not forget to update us what they have identified and also to let us know they have follow their plan and trade their plan. [Trade what you see and NOT what you think!]
As for the group that is in-charge for the night, they'll have to do it as a group posting (unfortunately, team-leaders of the group are still busy with their office work, nevertheless, we still have their team members updating us that they are actually working and discussing trades in the background.) This is the "spirit" that we are building.