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Good Friday NFP

  • #21
  • Apr 4, 2007 3:31pm Apr 4, 2007 3:31pm
I have the best advice in the world for you

short and simple

dont trade it...
  • #22
  • Apr 4, 2007 3:36pm Apr 4, 2007 3:36pm
Quoting superdezign
I have the best advice in the world for you

short and simple

dont trade it...
(Nod) Best advice I heard all day.
  • #23
  • Apr 4, 2007 4:04pm Apr 4, 2007 4:04pm
Quoting juao
Placing an order ten minutes ahead of nfp will most probably result in a loser and maybe a winner, if not two losers.

10 seconds before news release should do. The pre news movement is pretty strong during npf minutes.

/Juao
Sorry, should have been more clear.... Place a buystop and sellstop 10 min before...
Keep it simple stoopid....
  • #24
  • Apr 4, 2007 4:05pm Apr 4, 2007 4:05pm
Quoting superdezign
I have the best advice in the world for you

short and simple

dont trade it...
I disagree. lots of folks make lots of money trading the news.

How about practice with a demo account for a few months before you try real money.
Keep it simple stoopid....
  • #25
  • Apr 4, 2007 4:11pm Apr 4, 2007 4:11pm
Quoting Kurka Fund
EUR/USD use ADP data for projections and place straddle order 10 min befor the announcemet. Friday shouldent be a really large move but it will be good
dude you need to stop giving advice!

Quoting Kurka Fund
Sorry, should have been more clear.... Place a buystop and sellstop 10 min before...
market orders during NFP? brilliant!
Relax and be happy.
  • #26
  • Apr 4, 2007 4:20pm Apr 4, 2007 4:20pm
Quoting Kurka Fund
I disagree. lots of folks make lots of money trading the news.

How about practice with a demo account for a few months before you try real money.
demo trading news and then moving to a real account is the worst idea. You don't get real market conditions in a demo account.
  • #27
  • Apr 4, 2007 4:50pm Apr 4, 2007 4:50pm
try trading 10-15 minutes after the news. You won't regret it.

kingmaker
  • #28
  • Apr 4, 2007 5:45pm Apr 4, 2007 5:45pm
It looks to me like the eu rate is setting up to move higher. I have no-idea what the numbers will be but the eu is stronger moving into the announcement. I think we'll see quite a lot of wipsawing during the NFP.

The way I'm looking for it to unfold: good numbers with the eu moving lower (which I'll be looking to fade) but for the market to end up selling the news and to move higher.

If you don't know what you're doing, don't trade it.
  • #29
  • Apr 4, 2007 7:33pm Apr 4, 2007 7:33pm
The NFP is likely to have a bigger move then normal should it print off consensus. The thin markets will lead to increased volitility.
  • #30
  • Apr 4, 2007 7:41pm Apr 4, 2007 7:41pm
Quoting NewstraderFX
The NFP is likely to have a bigger move then normal should it print off consensus. The thin markets will lead to increased volitility.
yeah good point, and we should see some extra large slippage due to thin markets too. i certainly dont want to be in the market when the number is released. if i do trade it i will be waiting until about 10 mins later when the liquidity is back and i can catch some traders in pain.
Relax and be happy.
  • #31
  • Apr 4, 2007 8:05pm Apr 4, 2007 8:05pm
Quoting merlin
yeah good point, and we should see some extra large slippage due to thin markets too. i certainly dont want to be in the market when the number is released. if i do trade it i will be waiting until about 10 mins later when the liquidity is back and i can catch some traders in pain.
Be warned of the slippage weapon. It is meant to kill the novice traders! And merlin will be extra aggressive hunting down the novices with a PSG1 instead of the obsolete magic wand.
  • #32
  • Apr 4, 2007 8:35pm Apr 4, 2007 8:35pm
simple advice, trade less lots if your very scared ... if it whipsaw you dont loose your whole account, or if it moves with you, you atleast make some money lol
d3
  • #33
  • Apr 6, 2007 7:26am Apr 6, 2007 7:26am
here we go boys! looks like there will be some trader pain if numbers come in better than expected.

good luck everyone!
Relax and be happy.
  • #34
  • Apr 6, 2007 7:32am Apr 6, 2007 7:32am
W-O-W ^_^

God bless the Good Friday!
  • #35
  • Apr 6, 2007 7:36am Apr 6, 2007 7:36am
great, so we got a better than expected number. and the revision came in better too. so EURUSD is at new highs, everyone is long, and now they are figuring out how the hell they get out of this position. this situation i am thinking will create an extended move. but watch for support, if we hit it, time to go the other way!
Relax and be happy.
  • #36
  • Apr 6, 2007 7:46am Apr 6, 2007 7:46am
Now all the people in Wall Street goes like

" We told ya fellaz US economy is doing just FINE "

  • #37
  • Apr 6, 2007 7:46am Apr 6, 2007 7:46am
We are long USDJPY from 119.07 targeting 120, stop offer at 118.69. We have canceled our EURUSD order to buy at 1.3440.



good luck all
Its My Way,, U dont have to follow
  • #38
  • Apr 6, 2007 7:51am Apr 6, 2007 7:51am
1.3373 EUR/USD


strong support


its mean something .. mmmmm


!!!!
Its My Way,, U dont have to follow
  • #39
  • Apr 6, 2007 7:54am Apr 6, 2007 7:54am
What a strange market reaction to NFP numbers. Payrolls better than expected by 45k and revision up by 16k and all we get is a 30 pips drop in cable. Looks like no one wants to be long dollar.
  • #40
  • Apr 6, 2007 7:54am Apr 6, 2007 7:54am
i was chatting with BK during the critical moment...resulting a wide smile on both faces

BK our strategy works like a charm...credit to BK script and kudos to the good friday...hehehhe
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