NFP Update | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

NFP trading idea 5 replies

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

NFP Strategy 16 replies

My June 2nd NFP order got Cancel. WHY? 0 replies

NFP nice bump up on EURUSD 2 replies

NFP Update

  • #1
  • First Post: Sep 2, 2004 11:34pm Sep 2, 2004 11:34pm
Any one straddling on NFP news?

NPF is expected around 150K. Any thing above 150 and below 100 will make market run. Between 150 and 100 may give a spike.

Mkcky
Lets Make Money!!!
  • #2
  • Edited 9:36am Sep 3, 2004 6:12am | Edited 9:36am
I wanted to check how the new rule effect straddling, Here is what happen on the news of NFP

I had entry order SELL EUR/USD 1.2145 stop 1.2155 No Take profit.

Refco Mini Account: Trade was open at 1.2124 Slipped by 21 Pips
FXCM Demo Account: No Slippage. (I think Refco is manuplating the trades. REFCO and FXCM are basically same and there is no reason why Refco should have slippage.)
Oanda: Trade was opean at 1.2109 Slipped by 36 pips. (Dont ever go close to Oanda before news, They always have worst slippage)


Mkcky
Lets Make Money!!!
  • #3
  • Sep 3, 2004 6:20am Sep 3, 2004 6:20am
Both hit the 23 pips stoploss. No slippage. (Live account)

-46 for todays payroll, could be worst, I guess.
Regards, Ido
  • #4
  • Sep 3, 2004 5:36pm Sep 3, 2004 5:36pm
Quoting Mkcky
I wanted to check how the new rule effect straddling, Here is what happen on the news of NFP

I had entry order SELL EUR/USD 1.2145 stop 1.2155 No Take profit.

Refco Mini Account: Trade was open at 1.2124 Slipped by 21 Pips
FXCM Demo Account: No Slippage. (I think Refco is manuplating the trades. REFCO and FXCM are basically same and there is no reason why Refco should have slippage.)
Oanda: Trade was opean at 1.2109 Slipped by 36 pips. (Dont ever go close to Oanda before news, They always have worst slippage)


Mkcky
sounds like you still made out pretty well even with that serious slippage.

i had an order in short @ 1.2139. i dont straddle news, but one of my systems happened to place this order earlier in the day. this particular strategy was trading with MG Forex, who DOES NOT guarantee "no-slippage". so basically i got absolutely zero slippage in a very volatile time, from a broker who does not guarantee "no-slippage". interesting.
Relax and be happy.
  • #5
  • Sep 3, 2004 7:05pm Sep 3, 2004 7:05pm
  •  Trader#0000
  • | Status: Unregistered Trader
Quoting merlin
sounds like you still made out pretty well even with that serious slippage.

i had an order in short @ 1.2139. i dont straddle news, but one of my systems happened to place this order earlier in the day. this particular strategy was trading with MG Forex, who DOES NOT guarantee "no-slippage". so basically i got absolutely zero slippage in a very volatile time, from a broker who does not guarantee "no-slippage". interesting.
I had an entry order on USD/CHF that I had put in at about 1 am based on a specific paramater and FXCM filled it when it was triggered at 8:30am.
So, even though they do not guarantee entry orders during major news events, there is always a good chance it will get filled.
  • #6
  • Edited 9:55pm Sep 3, 2004 9:50pm | Edited 9:55pm
Quoting merlin
sounds like you still made out pretty well even with that serious slippage.

i had an order in short @ 1.2139. i dont straddle news, but one of my systems happened to place this order earlier in the day. this particular strategy was trading with MG Forex, who DOES NOT guarantee "no-slippage". so basically i got absolutely zero slippage in a very volatile time, from a broker who does not guarantee "no-slippage". interesting.
Hi Marlin,

I was testing and didnt trade large amount so didnt really make money
You have been trading with MG and Tradestation. I have read very good reviwes about MG. What your opinion about MG? What would you recomend MG or tradestation.

Mkcky
Lets Make Money!!!
  • #7
  • Sep 4, 2004 6:51am Sep 4, 2004 6:51am
I did bit of research. I had two trades of same amount on Refco mini account and FXCM Demo account.

FXCM trade open right at 8:30 am with no slippage.
REFCO trade open at 8:41 PM with 21 pips slippage. what surpises me is not the slippage but the time of trade opened. If market gaps, your trade still gets open at 8:30 or a minute later, only thing is that you dont get the price you have requested. Refco just put my trade on hold and leasurly opened it after 11 minutes when market was 21 pips below the requested quotes. Just be aware of REFCO. I am closing my account with them.

Mkcky
Lets Make Money!!!
  • #8
  • Sep 4, 2004 6:55am Sep 4, 2004 6:55am
Quoting Mkcky
I did bit of research. I had two trades of same amount on Refco mini account and FXCM Demo account.

FXCM trade open right at 8:30 am with no slippage.
REFCO trade open at 8:41 PM with 21 pips slippage. what surpises me is not the slippage but the time of trade opened. If market gaps, your trade still gets open at 8:30 or a minute later, only thing is that you dont get the price you have requested. Refco just put my trade on hold and leasurly opened it after 11 minutes when market was 21 pips below the requested quotes. Just be aware of REFCO. I am closing my account with them.

Mkcky
Its not the same as live.. even if they say it is.
Regards, Ido
  • #9
  • Last Post: Oct 11, 2009 9:13am Oct 11, 2009 9:13am
What's the difference between NPF and NFP?
0 traders viewing now