Dislikedhi guys, how do u trade new like nfp?
my experience tells me that the price will move by at least 50 pips in either direction the minute the data's out. how do u guys trade in such a big move?Ignored
- #580,922
- Jan 6, 2012 7:25am Jan 6, 2012 7:25am
- Joined Dec 2010 | Status: Foook Bollinger-dr.Kegel knows! | 9,794 Posts
Dont blink or you might miss it
- #580,923
- Jan 6, 2012 7:26am Jan 6, 2012 7:26am
- Joined Jun 2008 | Status: Plan your trade... Trade your plan | 3,710 Posts
Agree. I was merely saying , that a coin has 2 sides. However, in FX we have third ..and that is range. I have already stated what i am looking for today , but was simply reffering that bottoms can be reversal points, as well as breakout point
Dont forget about congestion as a congested market is different from a ranging market.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
- #580,925
- Jan 6, 2012 7:27am Jan 6, 2012 7:27am
- Joined Jun 2008 | Status: Plan your trade... Trade your plan | 3,710 Posts
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
- #580,926
- Jan 6, 2012 7:28am Jan 6, 2012 7:28am
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Mohan
- #580,927
- Jan 6, 2012 7:28am Jan 6, 2012 7:28am
- Joined Jun 2008 | Status: Plan your trade... Trade your plan | 3,710 Posts
Feel the tension.... the nervousness of those with open positions, hoping that it will go in their favour.
The excitement as it shoots off in your direction.... the devastion when it goes straight back the other way....
OHHHH the emotions of trading......
The excitement as it shoots off in your direction.... the devastion when it goes straight back the other way....
OHHHH the emotions of trading......
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
- #580,928
- Jan 6, 2012 7:30am Jan 6, 2012 7:30am
- Joined Jun 2008 | Status: Plan your trade... Trade your plan | 3,710 Posts
he was asked how long it would take dust to settle
Well how long is a piece of string ?
I usually just dont trade until the following week after NFP. But it can settle quite quickly at times.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
- #580,931
- Jan 6, 2012 7:36am Jan 6, 2012 7:36am
- Joined Nov 2011 | Status: That olī grumpy bastard... | 3,235 Posts
Quant Hedge Fund CEO
- #580,934
- Jan 6, 2012 7:38am Jan 6, 2012 7:38am
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
very bad NFP trade on the bottom i press sell instate buy , quick close send up 15 pip with slippage
Mohan
- #580,935
- Jan 6, 2012 7:39am Jan 6, 2012 7:39am
- Joined Jun 2008 | Status: Plan your trade... Trade your plan | 3,710 Posts
Anyone with open longs must be getting twitchy fingers about now
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
- #580,937
- Jan 6, 2012 7:40am Jan 6, 2012 7:40am
- Joined Jun 2008 | Status: Plan your trade... Trade your plan | 3,710 Posts
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
