Wait-- its NFP day also. with all the FOMC/BoE excitement I totally forgot !
Another one for the avoid bucket
Monday it is.
Another one for the avoid bucket
Monday it is.
2
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DislikedWait-- its NFP day also. with all the FOMC/BoE excitement I totally forgot ! Another one for the avoid bucket Monday it is.Ignored
Disliked{quote} Today is a good time to take good profits during the NFP news I am impatiently waiting for the news. Like this chart {image}Ignored
DislikedHi Mysterio, I've been following your thread. Nice work! May I ask why you sit out days of potentially high volatility such as Fed's Fomc rate etc/Boe rate etc/NFP? I would have thought good volatility and momentum are the 'nirvana' for us as traders,? so it seems somewhat counter intuitive, and that you are missing good trading opportunities? Certainly re my own edge, it thrives in these conditions, but of course all edges are different and all traders are different. Just interested. Thanks.Ignored
DislikedHi everyone! Something like this going to happen w/ 1.2245 slippage?{image}{image}Also W VAL @1.227, it's a huge gap... WPOC 1.233 Can be interpreted as strong momentum though... anyway, long entries worth looking forIgnored
Disliked{quote} I think it's psychological mate-- I've seen a lot of traders get utterly wiped on these weeks (in discord groups), the volatility expands a lot compared to the preceding days so I find it difficult to switch gears. So yeah, of course, one mans trash is another's treasure as is often true The other Red news events I don't mind as much. actually I was short for the JOLTS release but, closed for a mere 5 pips despite targeting a full 50 so I think it is purely in my mind. In that case i was holding for 30 mins or so and just talked myself out...Ignored
Disliked{quote} I'm targeting 1.2135 Friday's POC Looking to buy as low as possible. Ideally around 1.2025 if we get there. scalped about 20 pips down then up today.Ignored
Disliked{quote} Hi. Yeh, I get what you are saying. Re my own experience - when I worked on the effective 'prop' side of the bank, and then hedge fund, we used to do all kinds of things on these big data releases. (Hero or Zero - but it was the 'wild west' back then!) We used to 'straddle,' or even short futures, long cash and close out the wrong one, etc.... In those days on NFP for example - it could move 300pips in a heartbeat, - it's not the mover it was these days (generally.) Of course we got the data sooner than retail, so had an advantage in that...Ignored
Disliked{quote} I'm targeting 1.2135 Friday's POC Looking to buy as low as possible. Ideally around 1.2025 if we get there. scalped about 20 pips down then up today.Ignored