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Preemptively predicting tonight’s non-farm payroll will rise first and then fall—perfectly played out.
After the negative data was released, the market was chasing shorts, but I didn’t follow the crowd. Even though I was personally bearish, I went along with the trend and bought long positions at low levels; now I already have an unrealized profit of over twenty points.
Not until it reaches the target level will I open shorts recklessly. The market is now approaching the resistance level, so I’ll wait for confirmation signals before following the plan.