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  • #129,221
  • Aug 7, 2009 6:51am Aug 7, 2009 6:51am
Quoting ashlee_17
What is the best strategy to play NFP in order to maximize gain and minimize loss?
Not trade it ?
Getting it right is NOT as important as not getting it wrong.
  • #129,222
  • Aug 7, 2009 6:54am Aug 7, 2009 6:54am
I've never watched the reaction to the NPF announcement before...it's the wrong time for my time zone, so this will be good for me to see. I wait with baited breath!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #129,223
  • Aug 7, 2009 6:56am Aug 7, 2009 6:56am
If the market is resting on support, place buy 1 bar above, with SL 1 bars below support.
If the market is resting near resistance, place a sell 1 bar below with SL 1 bar above resisatnce.
If you get whipsawed the first one, chaces are you get filled correctly on second one, and you've limited your loss.
You lose nothing other than opportunity if you wait for a couple of bars to print after news before looking to take a position.
  • #129,224
  • Aug 7, 2009 6:59am Aug 7, 2009 6:59am
Quoting ashlee_17
What is the best strategy to play NFP in order to maximize gain and minimize loss?
Make hedge with s/l, and no T/p
  • #129,225
  • Aug 7, 2009 6:59am Aug 7, 2009 6:59am
about time for sl hunts... expect some spikes either way now till nfp
those who can, do. those who cant, talk about those who can
  • #129,226
  • Aug 7, 2009 7:05am Aug 7, 2009 7:05am
Quoting gatorinla
about time for sl hunts... expect some spikes either way now till nfp
OK......thanks
Doing what you like is Freedom. Liking what you do is Happiness.
  • #129,227
  • Aug 7, 2009 7:06am Aug 7, 2009 7:06am
dreamer? or bust


Inserted Video
those who can, do. those who cant, talk about those who can
  • #129,228
  • Aug 7, 2009 7:06am Aug 7, 2009 7:06am
I'm starting to get that pre-game butterflies in my stomach. Bring on the NFP!!!
Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #129,229
  • Aug 7, 2009 7:08am Aug 7, 2009 7:08am
Quoting gatorinla
about time for sl hunts... expect some spikes either way now till nfp
Yep.
Its payday for your broker whatever happens. Stop hunting, widening spreads...etc.

I'm out until the dust settles.

Good luck to all. This should be very exciting (thats why I'm out).

Dazzer
  • #129,230
  • Aug 7, 2009 7:09am Aug 7, 2009 7:09am
Quoting kimd
1044 GMT [Dow Jones] The market seems to be gearing itself up for a better-than-expected payrolls print, with JPMorgan and Barclays Capital looking for a 275K print, Goldman Sachs and Morgan Stanley seeing a 250K figure and Deutsche Bank at 150K, notes a trader. Against this the DJN consensus is for a 275K decline while the Bloomberg survey is for 325K job losses. July's NFP hits the wires at 1230 GMT. (GST)


Maybe this is why. Looks to be some optimism there.
Hi Kim! Looks like you were up early this morning
  • #129,231
  • Aug 7, 2009 7:09am Aug 7, 2009 7:09am
Hello everyone,

I wonder if any website exists showing different predictions of key fundamentals from different authorities cumulatively.

Any idea?

Thanks
  • #129,232
  • Aug 7, 2009 7:10am Aug 7, 2009 7:10am
Its actually 13:30 GMT.
  • #129,233
  • Aug 7, 2009 7:12am Aug 7, 2009 7:12am
Forget your charts people for the next half an hour.

Technical analysis is suspended until further notice..

hehehe
  • #129,234
  • Aug 7, 2009 7:14am Aug 7, 2009 7:14am
now u guys scarring me LOLLL whats so big hype about NFP
  • #129,235
  • Aug 7, 2009 7:15am Aug 7, 2009 7:15am
Quoting Atlast
If the market is resting on support, place buy 1 bar above, with SL 1 bars below support.
If the market is resting near resistance, place a sell 1 bar below with SL 1 bar above resisatnce.
If you get whipsawed the first one, chaces are you get filled correctly on second one, and you've limited your loss.
You lose nothing other than opportunity if you wait for a couple of bars to print after news before looking to take a position.

hi my friend.. the bar u talk about it ( For Which Time ? 15min ? 1H? )

thanx
Never sell @ lower upward channel unless breacked and vise versa .
  • #129,236
  • Aug 7, 2009 7:15am Aug 7, 2009 7:15am
OK seņor, we are ready.

Which way you want us to go por favor ?
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  • #129,237
  • Aug 7, 2009 7:18am Aug 7, 2009 7:18am
Quoting Alihuzaifa
now u guys scarring me LOLLL whats so big hype about NFP
Wow, just look at the amount of people watching this thread now!!
NFP is the one of the closest indicators of an economy's health. Thats why it affects currencies big time, especially EUR/USD.
  • #129,238
  • Aug 7, 2009 7:18am Aug 7, 2009 7:18am
Quoting WedWed
hi my friend.. the bar u talk about it ( For Which Time ? 15min ? 1H? )

thanx
1-4 hour, anything else is too small for these numbers
  • #129,239
  • Aug 7, 2009 7:18am Aug 7, 2009 7:18am
Quoting coldrecs
Hi Kim! Looks like you were up early this morning

Yes!
Just visiting here while waiting like everyone else. I honestly was quite surprised at the lack of reaction all week to news that would normally cause a lot of reaction to the pair.
  • #129,240
  • Aug 7, 2009 7:18am Aug 7, 2009 7:18am
should be some fireworks pretty soon.
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