NFP Feb 2 | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

What's the diff b/t ADP NFP and NFP? 14 replies

Is it the right time to trade in EU? 4 Feb 09 3 replies

Trading Contest - Started Feb. 3 31 replies

Currency Trader Magazine - Feb 2 replies

US ISM report Feb 1 17 replies

Thread Admin: NFP Feb 2

Posting Controls

Edit Thread Title

Edit Time Remaining: Expired

Linked Trade Explorers

Attached Poll

There is currently no poll. Add Poll
Attachments: NFP Feb 2
Exit Attachments

NFP Feb 2

  • #21
  • Feb 2, 2007 7:48am Feb 2, 2007 7:48am
got 12 pips..............used high leverage
  • #22
  • Feb 2, 2007 7:52am Feb 2, 2007 7:52am
My SUPER BROKER IS ....................


M I G ...

Dear Trader .. take care of ur money .. And choose ur Broker wisly ..

this is my Advice
  • #23
  • Feb 2, 2007 7:57am Feb 2, 2007 7:57am
Damn, where are those big boys when we need them!. Merlin, Moe, BurgerKing, Smjones, where are you guys??. Please give us a clue on this one :
  • #24
  • Feb 2, 2007 7:57am Feb 2, 2007 7:57am
Quoting coolhell
Untill now my stupid broker didnt active my Pending Order , but its already taken .. 12 minutes now !!!!

I cant delete it or modify it !!!!!
change your broker
i got only 14 pips
  • #25
  • Feb 2, 2007 7:59am Feb 2, 2007 7:59am
Quoting merlin
was a nice revision to last months NFP but it doesnt look like anybody gives a damn this time!
Well if you add the upward revision of 39k to the headline number of 111k it equals more or less what was expected, hence the lack of a big price move I think.
  • #26
  • Feb 2, 2007 8:17am Feb 2, 2007 8:17am
Merlin said
"was a nice revision to last months NFP but it doesnt look like anybody gives a damn this time!"
__________________

there is talk the feds are doing this on purpose to down play NFP for two reasons

1. they think because of FX it gets way to much press
2. because it has been so wild it throws off thier month stats
if you notice their year stats alway remain about the same!
they add from last month & take from this!!


hu
  • #27
  • Feb 2, 2007 8:20am Feb 2, 2007 8:20am
Got to be FXCM

I got in and was up about 50 pips, T/S didn't work, and my S/L changed from -15 to around -515 when I tried to save some pips.

still up by 50 pips I closed the trade had to wait on the broker, had to go potty and my close was offered at a lower price while I was out of the room.

BUT on the brighter side I still got out with +22 pips.

kevin
  • #28
  • Feb 2, 2007 8:23am Feb 2, 2007 8:23am
Guess it doesn't matter how well you play with a mini-lot! But it would've been nice using standard lots.
1st Friday of everymonth....who can miss the NFP?
  • #29
  • Feb 2, 2007 8:26am Feb 2, 2007 8:26am
OOPS!!!! said Oanda

IF you have any problems just send us a ticket# and full explanation of what happened.

Fu.....ers


http://www.youtube.com/watch?v=Z-ixPr8eJgM
  • #30
  • Feb 2, 2007 8:45am Feb 2, 2007 8:45am
Quoting begajul
Damn, where are those big boys when we need them!. Merlin, Moe, BurgerKing, Smjones, where are you guys??. Please give us a clue on this one :
Sorry to be late but I had a short GBP @ 1.9696 when prices floated above 1.9705 for MANY MINUTES.

I was sweating hard and decided to stay away from chatting for a while to "PRAY" (lol)...

Thank to USD, it rallied!

PS.
One thing I have long realized when trading News is the so called "Failed Rally".
Most Data were USD Negative. So USD was shorted.
But it couldnot punch through 1.9750 twice which sends signal to me that its a failure and from past experience, it will move hard the other way. At first I shorted GBP @ 1.9718 but chickened out and closed it for 0 profit. When I saw it mving south again I shorted it at 1.9696. This is when I was sweating hard.
  • #31
  • Feb 2, 2007 8:51am Feb 2, 2007 8:51am
Wow, great idea using u-tube video. I dont know who in their right mind uses a variable spread broker during news. My spreads were a steady 3 throughout. Please tell me I didn't see 200 pip spread on GBP/USD. That is just flat theft. The report wasn't even that volatile in the first place. Shame on Oanda...
  • #32
  • Feb 2, 2007 9:03am Feb 2, 2007 9:03am
Quoting BurgerKing
Sorry to be late but I had a short GBP @ 1.9696 when prices floated above 1.9705 for MANY MINUTES.

I was sweating hard and decided to stay away from chatting for a while to "PRAY" (lol)...

Thank to USD, it rallied!

PS.
One thing I have long realized when trading News is the so called "Failed Rally".
Most Data were USD Negative. So USD was shorted.
But it couldnot punch through 1.9750 twice which sends signal to me that its a failure and from past experience, it will move hard the other way. At first I shorted GBP @ 1.9718 but chickened out and closed it for 0 profit. When I saw it mving south again I shorted it at 1.9696. This is when I was sweating hard.
burger i was with you on this trade. as soon as i saw the failed rally on EURUSD, and the market started paying attention to the revision, i went long dollar and made a nice nickle on the trade. im still in it and looks like it will get stronger.
Relax and be happy.
  • #33
  • Feb 2, 2007 9:04am Feb 2, 2007 9:04am
Quoting coolhell
My SUPER BROKER IS ....................


M I G ...

Dear Trader .. take care of ur money .. And choose ur Broker wisly ..

this is my Advice
MIGFX had also disallowed the use of EA/Scripts.

That should have been a BIG RED WARNING SIGN to all of you before you had traded NFP today.
  • #34
  • Feb 2, 2007 9:07am Feb 2, 2007 9:07am
Quoting merlin
burger i was with you on this trade. as soon as i saw the failed rally on EURUSD, and the market started paying attention to the revision, i went long dollar and made a nice nickle on the trade. im still in it and looks like it will get stronger.
I m out 1.9641.

GBP is very supportive today! could not punch through 1.9635


BTW.. How can I post wider than 600 pixels so I can post 300 minutes instaed of just 60 on the historic charts?
  • #35
  • Feb 2, 2007 9:10am Feb 2, 2007 9:10am
I don't know if I'm allowed to mention websites yet, but one of the more popular daily news and commentary fx sites had a how to trade the NFP last night. 5 minute candles, I got 15 pips. Obviously not as high as you straddlers, but not a bad 1 minute run.

With the reversal I couldn't continue to test something else I'm trying to do. And I'm still working out if 5min or 15candles are the way to go. But I guess it works on the NFP.
  • #36
  • Feb 2, 2007 9:53am Feb 2, 2007 9:53am
Quoting Rolandlc33
Wow, great idea using u-tube video. I dont know who in their right mind uses a variable spread broker during news. My spreads were a steady 3 throughout. Please tell me I didn't see 200 pip spread on GBP/USD. That is just flat theft. The report wasn't even that volatile in the first place. Shame on Oanda...
I find that Oanda is one of the reliable brokers and there is no change in the pip spread during the NFP news time. Their execution of oreders during the news time is also fine. That is my exerience.
  • #37
  • Feb 2, 2007 10:58am Feb 2, 2007 10:58am
Quoting simplecoders
I find that Oanda is one of the reliable brokers and there is no change in the pip spread during the NFP news time. Their execution of oreders during the news time is also fine. That is my exerience.
No change in spread? I bet their are a thousand other traders that would beg to differ. Facts are facts... Oanda spreads get very large during most news releases. The free ride is over with them and you must move on. You made a choice going with a variable spread broker. To each his own.
  • #38
  • Feb 2, 2007 11:30am Feb 2, 2007 11:30am
So was NFP leaked a minute early then? because it jumped 25 pips on gbp in that time? Did any news source report it earlier than 7:30 ?
Ghost Swoopen in for my pips while no one is lookin !!
  • #39
  • Feb 2, 2007 12:41pm Feb 2, 2007 12:41pm
Oanda does widen the spreads up to 20 pips during news releases, but only for some seconds, so it might not be suitable for trading the initial spike, but it's a damn fine broker to trade the fade back.

Oh and I agree that MIG sucks: requotes and terribly slow fills makes it worthless for news trading.
  • #40
  • Edited 1:13pm Feb 2, 2007 1:04pm | Edited 1:13pm
Quoting dimedrol
OOPS!!!! said Oanda

IF you have any problems just send us a ticket# and full explanation of what happened.

Fu.....ers


http://www.youtube.com/watch?v=Z-ixPr8eJgM

Sh...te,

just took a closer look at this video, the spread on cable jumped to 200 pips for about 15 seconds. Scary.
0 traders viewing now