Non Farm Payrolls | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Non-Farm Payrolls: Why two different events? 6 replies

Non-Farm Payroll Observation 9 replies

Let's talk about U.S. Non-Farm Payrolls 4 replies

Non-Farm Payrolls 1st of SEP 85 replies

Non Farm Payroll 24 replies

Attachments: Non Farm Payrolls
Exit Attachments

Non Farm Payrolls

  • #1
  • First Post: Oct 7, 2012 3:36pm Oct 7, 2012 3:36pm
Hi,

If the institutions make a big move during the non farms payrolls results does it mean that the sentiment of the market is in that direction. Why would they go against the sentiment if results differ? As we know the market is not based on value for short term traders.
Find your Favourite Pattern
  • #2
  • Oct 8, 2012 6:11am Oct 8, 2012 6:11am
It means that was the best bang 4 buck direction to take out the most stops and pocket the most money shortly after the event.
  • #3
  • Oct 8, 2012 7:46am Oct 8, 2012 7:46am
Quoting Pipanator
Hi,
If the institutions make a big move during the non farms payrolls results does it mean that the sentiment of the market is in that direction. Why would they go against the sentiment if results differ? As we know the market is not based on value for short term traders.
What was your question?? Since you said the institutions make a big move during NFP in the direction of the market sentiment, then they are not going against the market sentiment. What do you mean if results differ? Differ from what? The institutions make the big move AFTER the announcement so they based on the results. If results differ from what they expected, then it goes the other way. Why do you ask if they go against the results? They always move after the results.
No longer trading forex. Looking for full time job.
  • #4
  • Oct 8, 2012 10:39am Oct 8, 2012 10:39am
In simple terms does the NFP outcome of what happens after the stop hunt = market sentiment for the majority of the month or until exhaustion end of month? I guess it could be said of any major economic report that effects the market.
Find your Favourite Pattern
  • #5
  • Oct 8, 2012 12:44pm Oct 8, 2012 12:44pm
Quoting Pipanator
In simple terms does the NFP outcome of what happens after the stop hunt = market sentiment for the majority of the month or until exhaustion end of month? I guess it could be said of any major economic report that effects the market.
When NFP is released, the market moves right? So how does that relate to stop hunt and market sentiment for majority of month or until exhaustion end of month? Do you mean that NFP is released in direction of prevailing month's market sentiment? So which direction is the stop hunt? If NFP outcome moves in same direction then why is that a stop hunt?
Quoting Pipanator
If the institutions make a big move during the non farms payrolls results does it mean that the sentiment of the market is in that direction.
It has to be so right? Otherwise why would the institutions make a big move in that direction?
No longer trading forex. Looking for full time job.
  • #6
  • Oct 22, 2012 6:31pm Oct 22, 2012 6:31pm
Thanks so in your view does the end of day result of the NFP = current and near time market sentiment? All the NFP I have seen so far have went in the correct market maker trend and against the technical trend.
Find your Favourite Pattern
  • #7
  • Oct 22, 2012 6:55pm Oct 22, 2012 6:55pm
No matter where the trend move. Most of time I place buy stop and sell stop order of 15 pips from a secure distance from current market price few minutes before news releases. So if there is a spike in a particular distance it hit one of the take profit and I close another order.
Also I don't make any order or technical analysis one hour before and after high impact news releases. I close all my orders before one hour of news releases.
  • #8
  • Oct 22, 2012 10:02pm Oct 22, 2012 10:02pm
Quoting shanewatson
No matter where the trend move. Most of time I place buy stop and sell stop order of 15 pips from a secure distance from current market price few minutes before news releases. So if there is a spike in a particular distance it hit one of the take profit and I close another order.
Also I don't make any order or technical analysis one hour before and after high impact news releases. I close all my orders before one hour of news releases.
What do you mean by 15pips from a secure distance? Do you place the buy stop above the current price to catch continuing up move, or buy stop below current price to catch reversal? What do you mean by spike hitting one take profit and close another? The spike could be bigger than 15pips so how can buy stop and sell stop order be placed? Do you have a picture to show this? It is all words and not sure where is the buy stop and sell stop relative to current price, and what is the secure distance?
No longer trading forex. Looking for full time job.
  • #9
  • Oct 22, 2012 10:07pm Oct 22, 2012 10:07pm
Quoting Pipanator
Thanks so in your view does the end of day result of the NFP = current and near time market sentiment? All the NFP I have seen so far have went in the correct market maker trend and against the technical trend.
Do you mean that "market maker trend" is opposite of "technical trend"? How do you determine that? All the NFP you have seen so far went in the correct market maker trend, so in other words, NFP always move in direction of market maker trend. Then what is the difference with technical trend? Can you show a picture?
No longer trading forex. Looking for full time job.
  • #10
  • Oct 23, 2012 12:30am Oct 23, 2012 12:30am
Quoting mmaker
What do you mean by 15pips from a secure distance? Do you place the buy stop above the current price to catch continuing up move, or buy stop below current price to catch reversal? What do you mean by spike hitting one take profit and close another? The spike could be bigger than 15pips so how can buy stop and sell stop order be placed? Do you have a picture to show this? It is all words and not sure where is the buy stop and sell stop relative to current price, and what is the secure distance?
See, this strategy I take before every high impact news releases. Sometime it work (if spike generate) and sometime not. Suppose before five minutes ago price is 1.3055 .As price move abnormally during this time, so I place my buy stop at 1.3067 with a tp of 10-15 pips and sell stop at 1.3045 or 1.3043 with a tp of 10-15 pips.
Suppose a spike is generate and price up quickly from 1.3055 to 1.3085.So on the way of price up it will trigger my buy stop order at 1.3067 and it also trigger my tp which is located 1.3082.
I have made much profit using this simple strategy. The think must be concerned that your pending order should be placed secure distance from current price and should not be triggered before news releases.
  • #11
  • Oct 23, 2012 3:18am Oct 23, 2012 3:18am
Quoting shanewatson
See, this strategy I take before every high impact news releases. Sometime it work (if spike generate) and sometime not. Suppose before five minutes ago price is 1.3055 .As price move abnormally during this time, so I place my buy stop at 1.3067 with a tp of 10-15 pips and sell stop at 1.3045 or 1.3043 with a tp of 10-15 pips.
Suppose a spike is generate and price up quickly from 1.3055 to 1.3085.So on the way of price up it will trigger my buy stop order at 1.3067 and it also trigger my tp which is located 1.3082.
I have made much profit...
What is the secure distance? How many pips away from current price? Then how to decide where is the 15pips from the current price or 15pips from the secure distance? What is the total distance from current price to say your buy stop?
No longer trading forex. Looking for full time job.
  • #12
  • Apr 3, 2020 4:36am Apr 3, 2020 4:36am
https://www.mql5.com/en/market/product/40744
  • #13
  • Apr 3, 2020 4:58am Apr 3, 2020 4:58am
Quoting Pipanator
Hi, If the institutions make a big move during the non farms payrolls results does it mean that the sentiment of the market is in that direction. Why would they go against the sentiment if results differ? As we know the market is not based on value for short term traders.
Many traders - big traders, may close their positions and that can cause a spike.

It is called profit taking. It can happen before and after the news.

Other reasons maybe: they see something we don't see in the news results that they don't like and close position,
they close their books because the end of the week.
Looking for profitable short term trades ...|
  • #14
  • Apr 3, 2020 7:47am Apr 3, 2020 7:47am
NON FARMS PAYROLL and USDJPY

Normally USDJPY has always a BIGGEST move COMPARED to other FX pairs.

can anyone throw light the reason behind this?
  • #15
  • Last Post: May 6, 2020 12:02pm May 6, 2020 12:02pm
The employment situation is a set of labor market indicators. The unemployment rate measures the number of unemployed as a percentage of the labor force. Non-farm payroll employment counts the number of paid employees working part-time or full-time in the nation's business and government establishments. The average workweek reflects the number of hours worked in the non-farm sector. Average hourly earnings reveal the basic hourly rate for major industries as indicated in non-farm payrolls.
Attached File(s)
File Type: ex4 nfp2019-9.ex4   54 KB | 396 downloads
1 trader viewing now