NFP is this Friday- Are you ready?

There are few releases that cause a bigger impact in the markets than Non Farm Payroll. Last month we had a beautiful move in the zb that everyone was able to profit from. Just remember when news trading non farm payroll you have lots of choices as far as which instrument to trade. I wanted to point out some of the other options we have that you might not of considered. Below we take a look at the zb, the 6j, the cl, the es, the gc and the ub. Each of the charts is from last months nfp. Ill give brief info on each as well. Lets start with the zb.

*For those that would prefer to trade news in the forex market i recommend http://wingstarfx.webs.com as that's where I got started. Glenn was very helpful and answered all of my questions on news trading*

ZB (u.s. 30 year bonds) $31.25 tick value

6J (JPY/USD) $12.50 tick value- (prone to whipsaw's)

CL (Crude Oil) $10.00 tick value-(prone to high slippage)

ES (S&P E-mini) $12.50 tick value

GC (Gold) $10.00 tick value-(prone to high slippage)

UB (Ultra Bonds) $31.25 tick value-(moves similar to zb)

As you can see there are lots of opportunities in different markets. This is just a small fraction of th3e markets available to be traded during u.s. news releases. It just takes a bit of research to see whats available to you. Each instrument has advantages and disadvantages but their all worth looking into. You can use your ninja trader platform to do the research by simply loading several months of history or you can use something like the calendar at fasteconomicnews.com, either way don't wait till the last minute folks, preparation is one of the keys to success. (To test JOBB for yourself CLICK HERE)