DislikedHello Fellow Traders,
The worst enemy of traders and most trading systems is a sideway market. Most systems try to catch the big wave and hop onto it, but this requires also many bad trades before catching that big wave. This system as the uncanny hability to prevent many of these bad trades as it does not trade the big breakout but it's retracement. However, the non farm payroll week is usually sideway but for one or rarely 2 trending days before Friday. Thus, being carefull during this week is of the outmost. The NFP week is the big loosing week for many traders but it seems to take a few years of trading to remember it, as the rest of the month is usually quite influenced by this data and more regular as we have seen during the last month.Ignored
- | Joined Aug 2007 | Status: I keep my eyes open | 1,108 Posts
One Chart is Worth Ten Thousand Words.