https://www.youtube.com/watch?v=59Elm8myGEc

Michael reviews NQ price action around the non-farm payroll (NFP) release. He says the broader daily outlook was bullish, with a prior June high as an upside reference, but he avoids predicting the initial reaction to major economic news because it can be unpredictable.

His approach was to wait for the post-release move, then look for a retracement and signs of weakness. Using the 8:30–9:30 price range, a short-term high, the prior daily high, and related chart levels, he identified a potential “event horizon” area to fade. He describes entering short after price showed rejection, taking partial profits as it moved lower, and reducing risk when the decline stalled; he says price later reached his lower target after he had exited.

His main lessons are to avoid chasing NFP volatility, manage risk and bank partial profits, and focus on a few clear price-action signals—such as gaps, order blocks, and candle behavior—rather than piling on indicators. He frames the setup as an advanced, occasional model, not a reliable trade for every news release.