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There was so much talk leading up to the NFP today.  My gut feel told me that it would be a market mover……….hmmmm……which way would be the real question?!

I felt that the NFP number would come out, as the summer months tend to post stronger numbers.

So I decided to place Stop if Offered trades about 20 bps OTM from the spot rates of GBPUSD, EURUSD and AUDUSD.

5 minutes after the announcement that NFP was 248K and unemployment rate at 5.9%…..Wow………market just sold off on the majors between 50bps to 80bps.

I immediately squared off my three trades and locked in a trading profit of 103bps.

I am now done for this week.  Will update the earlier trades for the month of August and September next week.

Here’s wishing all a great weekend.

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