EUR/USD strategy based on August 7th NFP Data

 US Non farm payrolls and employment report data 7 August 2015

• Prior 223k. Prior revised to 231k, average number close to previous
• Unemployment rate 5.3% vs 5.3% exp. Prior 5.3%
• Average hourly earnings 0.2% vs 0.2% exp m/m. Prior 0.0%
• 2.1% vs 2.3% exp y/y. Prior 2.0%
• Avg working hours 34.6 vs 34.5 exp. Prior 34.5
• Participation rate 62.6% vs 62.6% exp. Prior 62.6%
• Private payrolls 210k vs 212k exp. Prior 223k. Revised to 227k
• Manufacturing payrolls 15k vs 5k exp. Prior 4k. revised to 2k
• Government payrolls 5k vs 0k prior. Revised to 2k
• U6 unemployment rate 10.4% vs 10.5% exp. Prior 10.5

On the face of it it's an on the money number but the revision is adding some positivity. The working hours tick up is the first jump for 4 months

We look to be trading some relief that things aren't worse, rather than because it's a great report. It's actually a steady number but I'll get the rest of the details up so we can have a look

 EURUSD has fallen to 1.0861 which is old support. 1.0840/45 is another level to watch if we carry on lower and the big level is 1.0820/25. Far below support 3 lines on  1.0800/1.0780 area. It need close above 1.0900 area to counter bearish trend

How to Use Proper Risk Management in Trading Forex

Leverages and Risks for Forex Trading

The currency market is no doubt a very attractive one and this is the reason why equity traders will often migrate to the Forex market. However, it would be wrong of these equity traders to presume that the formulas that worked in the equity market will work in the Forex arena too. In fact there are two main differences between the markets. One is risk management and the other is current events.

EUR/USD Forex Signal and Strategy

As I've predicted that the rebound of the EUR / USD is limited to the 1.4280-1.4355 area. As with my previous forecast when EUR / USD below the 1.4440/60 area, then it is in a very strong bearish pressure. Let's see in H4 chart with ichimoku cloud startegy

EUR/USD Signal

chart time frame H4-D1 confirm bearishness,rebound seen at time frame M30-H1, strategy sell on rallies

Forex Risk Management

Risk Management 
taken from FXInstructor (FHI ~ Kaskus)

Think about long-term outcome. Do not be fixated on short-term results
Trader patience and discipline and who can manage the MM and the risk-reward ratio is well, probably "lost" by traders who want big profits but quick to ignore the long-term risk management. Traders who think forex is the high road to great wealth, might be able to generate hundreds of percent reward of the week / month by relying on the "holy grail trading system" either by using their own systems or systems which are sold in online web seller while traders wait to just produce a "little" rewards within the same timeframe (short). 

Forex Strategy

Every person must have forex trading or even frequent failure, which ended in bankruptcy, why? because they were too confident and did not understand the FOREX strategy. Was quite understand indicators B bands, Stoch, MA, SAR, Fibonacci etc? Reading the news every once in 1 hour bloomberg.com, reuters.uk etc? Fundamental capabilities and technical analysis is not enough. There is one more important thing, namely psychological factors.
Have you ever forced open position (OP) at any time provided there is a good signal over to you? Have you ever trading a dozen times in one day just to cover the losses the previous day?
Yes, that's your fault, and this is your mistakes when trading Forex:

-Forcing forex trading before the opening of the London market or the New York market
The reason is very simple but important; you are trading freely at any time during the week, but you are trading currencies is the currency of the western countries, how can you understand the movement of money is if the country is still not the time to start working? Then you will get is a floating trends and unpredictable by the greatest indicator.

-You just prioritize one technique than other techniques, whereas the analysis techniques and fundamental techniques complement each other

-You are too chase the target, when the target was not achieved, you are trying to achieve it without the ability to review your deposit which eventually happened MC (Margin Call)