Few hours left for NFP just wanted to get on here and say a few things on my mind,
1. Policymakers seem to be manipulating data again, yesterday's figures seemed dodgy as hell. Today's NFP forecast is 205k while previous is 209k the forecast for previous report was 225k. Clearly they're playing around with the figures papering over the cracks to put out the image of a robust labor market to manipulate traders with blue figures, when compared to previous data anything below 209k today will still be perceived as negative by market movers.
2. Volume from yesterday until this very moment shows us the big boys are waiting on the side lines. Yesterday's price correction AFTER data released shows there's barely any big boy volume. So where are they? What are they waiting for?
3. Price has been accumulating at this level for hours now its only sweeping sell side liquidity, today's high wasn't much of a liquidity grab either. The whole world is expecting XXX/USD pairs to drop, we all know what happens when majority expect price to go one way.
4. Use a stop loss, place your sell stop/buy stop and account for slippage.
NFP is notorious for wiping out accounts, may god protect us all
1. Policymakers seem to be manipulating data again, yesterday's figures seemed dodgy as hell. Today's NFP forecast is 205k while previous is 209k the forecast for previous report was 225k. Clearly they're playing around with the figures papering over the cracks to put out the image of a robust labor market to manipulate traders with blue figures, when compared to previous data anything below 209k today will still be perceived as negative by market movers.
2. Volume from yesterday until this very moment shows us the big boys are waiting on the side lines. Yesterday's price correction AFTER data released shows there's barely any big boy volume. So where are they? What are they waiting for?
3. Price has been accumulating at this level for hours now its only sweeping sell side liquidity, today's high wasn't much of a liquidity grab either. The whole world is expecting XXX/USD pairs to drop, we all know what happens when majority expect price to go one way.
4. Use a stop loss, place your sell stop/buy stop and account for slippage.
NFP is notorious for wiping out accounts, may god protect us all