DislikedCoolshades entered short on USD/CHF soon after Dan. (When I learn how to put two quotes on the same reply, I will.)
Hi Dan and Coolshades,
I'm guessing that you entered these trades shortly after the reaction to the NFP numbers and the (not uncommon) almost 100% retrace. I've avoided trading anywhere near NFP release and I know many traders just write the day off.
Have you any general strategies re trading near NFP release and/or a specific strategy for entering a trade in the price behaviour following Friday's NFP release?
Thanks,
Kan...Ignored
The only advice I would give is to avoid NFP Friday altogether!!!
It just so happens that I was right with my trades this week (they were placed in the morning, GMT, well before the news release) but I could easily have been wrong!
Regards,
Dan