Today I had a signal for my technical system a few hours before the interest statements for EUR and GBP. I opened long on both, and I got stopped out twice on the EUR but made money on the GBP. I noticed way too much volatility and nothing was occurring as usual with my system. Should I just avoid trading during times of news releases like interest rate and NFP? But if I take this as a filter to not trade, then isn't it also possible that I will hurt my profitability by missing good signals?
I kind of feel like it is gambling by using my system with the NFP tomorrow, so for now I have closed all my positions. It seems most opinions are saying that the NFP will come out positive for the USD and that it will drive the USD up, so just 'hoping' that this is not the case seems too much like gambling to me.
Your thoughts on these points?
I kind of feel like it is gambling by using my system with the NFP tomorrow, so for now I have closed all my positions. It seems most opinions are saying that the NFP will come out positive for the USD and that it will drive the USD up, so just 'hoping' that this is not the case seems too much like gambling to me.
Your thoughts on these points?