NFP Contest Update

Todd Winchell and Kevin Eaton won the NFP system-creation contest. They did an enormous amount of work and built some cool trading systems. You can see what they created by clicking here.

Information about Kevin’s system and backtesting can be found in a really cool Forex Factory thread by clicking here.

Kevin’s system includes the use of the Sentinel Index, an improved barometer of the strength of the US Dollar, built by Joe Kight. This link has the actual indicator.

In order to use that indicator, you will need to have access to a Metatrader charting platform, which you can get at the following link:

http://www.metaquotes.net

There are instructions on the Metaquotes web site about installing new indicators. If you have trouble getting it set up, make sure to take advantage of all the free help on the cool Forex Factory thread I posted above.

I hope you benefit from the work that Todd and Kevin did. They are intelligent and generous traders.

Continue reading "NFP Contest Update" »

New NFP Charts

Here are new NFP charts, for Sept. 06 through Nov. 06.

Click here to get the charts.

You have to unzip them to view them.

Continue reading "New NFP Charts" »

NFP: January 5, 2007

It's non farm payroll time again, and here is a chart of the 12 month moving average of the NFP numbers -- the actual numbers released, not the revised numbers:

View image

You'll see that the trend is down as far as released numbers are concerned. ADP reported a negative number, which some analysts think is a forecast for the NFP number.

More analysis coming in a few hours.

Continue reading "NFP: January 5, 2007" »

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