Day 577: Juicy NFP

Profit: -$12.65 Total: $482.56

I had a couple bad GBP/JPY trades in London session before the NFP released. Price action was a bit wonky and things stalled before NFP. A couple minutes before the data announcement I had a holding long GBP/USD trade, which would’ve been a juicy trade, but closed out to avoid slippage. The data ultimately came out to 138k new jobs vs 181k estimate and wrecked the dollar. With this huge selling momentum, the best thing to do is ride the wave and not to call bottoms.

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