Non-Farm Payroll Week Trading: Monday to Wednesday
2 min Money & business
2 min Money & business
But this area in here, because of it's being Monday on a non-farm payroll week, it's the beginning of a new month, end of a n- an old month, and that's a Monday that I would be trading, and the, a characteristic of that Monday is that it's gonna be out the gate real quick trying to get somewhere.
I want you to go back and look at the markets that you trade.
Look at the Monday of non-farm payroll. So non-farm payroll weeks on Monday, generally, there's a lot of excitement right out the gate, 9:00 to 9:30.
There's a lot of excitement. It's designed to be that way.
While everybody else, while all the retail Joes, retail Ricks, all their attention is where?
Friday. NFP, not for professionals. So if Friday's really not the professional day, when is the professional day or days?
Monday and Tuesday. Now, when is When Day...
When is Wednesday a factor for smart money to be, you know, using that?
Up until 11 o'clock in the morning. If it's been consolidated on Tuesday, or it was a, a limp-wristed approach to delivery on Monday, it hasn't a whole...
It wasn't a whole lot of excitement moving it around on Monday, then you roll into Tuesday expecting, okay, we're gonna see some fireworks in the, you know, opening bell or leading into opening bell on 9:30, equities, Forex. Everything's gonna move around real nice.
But if it doesn't do it on Tuesday, that means you're gonna have a really fast and wild Wednesday morning session that will become choppy and uncertain right as we go into the lunch hour, New York lunch hour after 11 o'clock on Wednesday.
That's not complicated. That's not a complication.
That's not something you can't figure out how to use.
It's something that's gonna repeat every single month. And because I know that there's gonna be a lot of excitement on Monday, I wanna be in there hunting on Monday, accepting the fact that, okay, it might go stale, or I might take a loss. Okay, fine.
If I have it read wrong on Monday, I know that the likelihood of me getting back a loss on a Tuesday on that day is easy.
So it's worth it for me to take that risk on a Monday.
It's worth it for me to push in there and pyramid a position.
It's worth it for me to do that because I've been doing it long enough.
I've seen it. I have the data behind it.
I've seen this happen for decades.
End of transcript · 438 words
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