Just like clockwork, on the first Friday of every Month, twelve times a year, the United States Department of Labor releases the Employment Report, also known as the Jobs Report. The data contained in this report provides a current assessment of the health of the U.S. labor market and the current employment situation. Almost always this statement will cause a jolt to the market.
Mr. Jordan Lindsey, the founder of JCL Capital, understands that news like the release of the Employment Report is an opportunity which forex traders must anticipate as a regular part of their business. When Jordan Lindsey says that you can increase your account month to month by 7 percent, he includes trades exploiting the “jobs number.” If executed correctly you can rack up hundreds of pips around these releases.
The trick is to understand how to exploit the opportunity when the time comes. You must always know where your edge is in the market. If you have no advantage, you have no business opening a trade. Fortunately, the Jobs Report always comes with a double gift. There will be a primary reaction to the news followed by a retracement. That will happen close to 80 percent of the time. The two times out of ten when it does not work are just the cost of doing business. Jordan Lindsey promotes the notion that “execution” is the key to success in the forex market.
Traders must stand prepared to seize on every instance where they have an edge. Your advantage is ephemeral, it comes and goes. It presents itself in the form of trend lines, double top patterns, or an oversold signal on the RSI. In the case of the monthly Employment Report, you have to be ready to jump on with the crowd and leap off as the retracement begins. It all comes down to focused execution and staying the course. Jordan Lindsey was correct when he said “Ideas are not what makes people rich. It is execution and follow-through”.