How will you play the NonFarm Payrolls Figure tomorrow and why? | Forex Factory

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How will you play the NonFarm Payrolls Figure tomorrow and why?

  • #1
  • First Post: Dec 4, 2008 2:15pm Dec 4, 2008 2:15pm
Discuss...
  • #2
  • Dec 4, 2008 4:04pm Dec 4, 2008 4:04pm
http://www.forexfactory.com/news.php?do=news&id=134098
  • #3
  • Dec 4, 2008 4:18pm Dec 4, 2008 4:18pm
Quoting JFX81
Discuss...

I will most likely play it on the sidelines. made enough pips this week to not even bother with it.
  • #4
  • Dec 4, 2008 7:06pm Dec 4, 2008 7:06pm
I will most likely play it on the sidelines. lost enough pips this week to not even bother with it.
One Pip to rule them all, One Pip to find them...
  • #5
  • Dec 4, 2008 7:59pm Dec 4, 2008 7:59pm
If I was to play the NFP I would play the retrace. I like the retrace because the spread is normally back to normal or almost back to normal.

The last few NFP's have gone like a rocket....then retraced and then headed in the direction of the original move.....so I would wait for some kind of over sold/bought and then hope on board on the retrace and the continuation.

Just my 3 pips worth
It's All About Attitude ...
  • #6
  • Dec 4, 2008 9:44pm Dec 4, 2008 9:44pm
Notice that the CAD employment change comes out ahead of the US NFP. Both indicate employment trend .

How connected in employment are the US and Canada? Could the Canadian numbers be a leading indicator for the US numbers?

Knowing that may tip off a direction for the E/U and hence a bias to base a trade upon.

But lately nothing has made sense when it comes to news/fundamentals.

Just what I have experienced.
  • #7
  • Dec 5, 2008 12:34am Dec 5, 2008 12:34am
Quoting Lou
Notice that the CAD employment change comes out ahead of the US NFP. Both indicate employment trend .

How connected in employment are the US and Canada? Could the Canadian numbers be a leading indicator for the US numbers?

Knowing that may tip off a direction for the E/U and hence a bias to base a trade upon.

But lately nothing has made sense when it comes to news/fundamentals.

Just what I have experienced.
I agree, Lou. The market seems to react in the opposite direction as I would expect lately when news reports come out. For instance, when news comes out bad for usd, the eur/usd will drop instead of rising.

There must be something I don't understand.

Even the reaction to recent NFP reports haven't had the impact as they did last year.

Personally, I'm going with the trend.
Like golf, forex seems to be a game of opposites.... except when it goes the other way.
  • #8
  • Dec 5, 2008 6:58am Dec 5, 2008 6:58am
Quoting Billser
If I was to play the NFP I would play the retrace. I like the retrace because the spread is normally back to normal or almost back to normal.

The last few NFP's have gone like a rocket....then retraced and then headed in the direction of the original move.....so I would wait for some kind of over sold/bought and then hope on board on the retrace and the continuation.

Just my 3 pips worth
So much for a retrace......
Same Whore .... Different Dress
  • #9
  • Dec 5, 2008 10:34am Dec 5, 2008 10:34am
Quoting PistolDave
I agree, Lou. The market seems to react in the opposite direction as I would expect lately when news reports come out. For instance, when news comes out bad for usd, the eur/usd will drop instead of rising.
Perhaps the market thought it would do even worse. And when it saw the actuall data it was "good" news since it was only bad. Not bad bad. =P
  • #10
  • Edited 1:26pm Dec 5, 2008 12:58pm | Edited 1:26pm
Ummm lets see the NFP results really suck for the US jobs data..... and yet the $ strengthens Nothing in the markets make any sense anymore.

AND the friggin DOW goes up 259........... UNFKNBELIEVABLE
Same Whore .... Different Dress
  • #11
  • Dec 5, 2008 1:11pm Dec 5, 2008 1:11pm
i don't play the NFP. it is too unpredictable and can lead to big losses. even if it is what you expected it seems like the currency always move the opposite direction than what is obvious.
  • #12
  • Dec 5, 2008 5:41pm Dec 5, 2008 5:41pm
No
  • #13
  • Dec 5, 2008 7:11pm Dec 5, 2008 7:11pm
I thought I nailed it to a T............


Quoting johnedoe
So much for a retrace......
Attached Image (click to enlarge)
Click to Enlarge Name: nfp.gif Size: 23 KB
It's All About Attitude ...
  • #14
  • Last Post: Dec 6, 2008 4:50am Dec 6, 2008 4:50am
I shot a 91.

After blowing several accounts trying all these "secret"bs out there, gambling the nfp, i wised up and learned how to trade (and still learning). it was a painful but required lesson to progress forward in this journey.

30 trading days a month and only one you must stay away from.

the bucket shops probably shot well also after taking your expanded spreads.

my current lesson plateau I am comfortably in now:

trading longer t/f
screw the daily or even weekly count....
monthly tally , less self stress
quality beats quantity everyday and twice on Sunday.

thats what works for me

later
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