Mr. Trend, my friend,
Yes, that's so true. If you can't make money on NFP, keep the day job!!! Yet I guarantee you some traders won't try it because there's so much negative press about trading news until after the initial push. Also folks are too busy bashing brokers instead of learning to trade within that broker's paradigm or simply finding a new broker.
Hey J,
Yes, entry (market or stop) is based on price movement and the particular announcement.
Jonas,
I can make more money in 3 - 5 minutes than most people earn in a year (praise the Lord!). I don't care about the post-push UT or DT, unless it continues the direction of the initial push. In that case just keep taking profits based on your trailing stop loss. But remember: pigs get fat, hogs get slaughtered.
If you want to sit in front of your screen, watching blinking lights and arrows and candle sticks, following the ups and downs, if that works for you, then do it. Me, I'd rather go golfing, or flying or shopping or swimming or whatever. :-) Besides, there's always another deal, another trade. Trades are just like streetcars; there's another coming along in five minutes, (if I may paraphrase Sir Mick).
Anyone Else Reading,
Trading multiple standard lots gives you a handsome return pretty much on whatever number of pips you get. Concern yourself not with profits or money, but concern yourself with process. When the process works the pips appear. The key is getting your process down pat. I like to say "a consistent process that produces positive pips produces powerful profits." Once you're confident in YOUR process, then just multiply the lots. That's it.
Me, even though I majored in economics and graduated with honors and blah, blah, blah....me I just don't get the T/A stuff AT ALL. T/A doesn't work for me, just does not turn me on; apparently works for others but it doesn't work for me. Fundamentals in the context of geo-political upheaval and natural disasters I understand. And it works.
Just information; not a recommendation.
Yes, that's so true. If you can't make money on NFP, keep the day job!!! Yet I guarantee you some traders won't try it because there's so much negative press about trading news until after the initial push. Also folks are too busy bashing brokers instead of learning to trade within that broker's paradigm or simply finding a new broker.
Hey J,
Yes, entry (market or stop) is based on price movement and the particular announcement.
Jonas,
I can make more money in 3 - 5 minutes than most people earn in a year (praise the Lord!). I don't care about the post-push UT or DT, unless it continues the direction of the initial push. In that case just keep taking profits based on your trailing stop loss. But remember: pigs get fat, hogs get slaughtered.
If you want to sit in front of your screen, watching blinking lights and arrows and candle sticks, following the ups and downs, if that works for you, then do it. Me, I'd rather go golfing, or flying or shopping or swimming or whatever. :-) Besides, there's always another deal, another trade. Trades are just like streetcars; there's another coming along in five minutes, (if I may paraphrase Sir Mick).
Anyone Else Reading,
Trading multiple standard lots gives you a handsome return pretty much on whatever number of pips you get. Concern yourself not with profits or money, but concern yourself with process. When the process works the pips appear. The key is getting your process down pat. I like to say "a consistent process that produces positive pips produces powerful profits." Once you're confident in YOUR process, then just multiply the lots. That's it.
Me, even though I majored in economics and graduated with honors and blah, blah, blah....me I just don't get the T/A stuff AT ALL. T/A doesn't work for me, just does not turn me on; apparently works for others but it doesn't work for me. Fundamentals in the context of geo-political upheaval and natural disasters I understand. And it works.
Just information; not a recommendation.
></o
