someone tell me if this is possible. there is a trend in forex that the first minute after NFP 8:31amEST determines the direction of the day. as long as there wasn't a run prior to this time.
at betonmarkets there is an option you can buy that allows us to bet on the direction of the day. now this would be worthless if we didn't know which way nfp's would take the market, BUT and i say BUT....betonmarkets is nice enough to pause their options price for 2 full minutes for us to make a decision. therefore if we select an option to buy and one to sell on two different accounts we can wait for the first minute bar to run and select the appropriate option to put money on. there are some variables, but superficially i think this would work.
the time variable is the only problem i can see at this point.
I would like to see what James16 says about this.
at betonmarkets there is an option you can buy that allows us to bet on the direction of the day. now this would be worthless if we didn't know which way nfp's would take the market, BUT and i say BUT....betonmarkets is nice enough to pause their options price for 2 full minutes for us to make a decision. therefore if we select an option to buy and one to sell on two different accounts we can wait for the first minute bar to run and select the appropriate option to put money on. there are some variables, but superficially i think this would work.
the time variable is the only problem i can see at this point.
I would like to see what James16 says about this.