Like Amit used to say when trading NFP – don’t take the first spike but wait for it to retrace and spike down a second time. This usually gives me more time to enter the trade and a better chance of making a precise entry.
This trade came within 1pt of the stop and then went on to make 8:1 (unfortunately I cut because of the bar entry …) but my entry was 8 pts above the level – between 3 and 4 is fine but 8 is too many and just asking to get stopped
The first spike gets down to 12304 and then makes a small pullback to around 315 and I buy at 310 – but the best entry is straight after this when the selling speeds up and hist my SUP 1 on the nose
And here’s another example from 6th May. This trade would have probably needed two attempts as the low was 10pt below the level, but it was a cracker for 17R
The fast reversal on the first push would have probably resulted in a poor entry.
