Focus only on what truly matters!
- #998,201
- Jun 5, 2015 8:32am Jun 5, 2015 8:32am
- Joined May 2014 | Status: Full Time Trader | 27,300 Posts
- #998,203
- Jun 5, 2015 8:34am Jun 5, 2015 8:34am
{quote} It was a buy going into NFP which resulted in a 100+ pip move from the lows yesterday and then to get flat before NFP
up trend was broken at 12500 level
sell order was entered for a profit of 2.5k pips, 500 if you werent ballsy enough to stay in for NFP.
seems like this thread is full of people who think they know what there doing while they sit here stroking their egos losing their money.
just my 2 cents
- #998,207
- Jun 5, 2015 8:36am Jun 5, 2015 8:36am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
COT: The precious data ignored
- #998,208
- Jun 5, 2015 8:36am Jun 5, 2015 8:36am
- Joined Aug 2008 | Status: Fear makes us see who we really are | 4,822 Posts
{quote} I had a short in from 1.1276, my stop loss was 1,296. It didn't hit my stop, my TP was hit at 1,115. So the spread here was okay. It must have been very close to my stop though
Today that level was morning top so it was safe level to short technically. That same thing happened on NFP, there was no sell orders above just before NFP when banks/funds closed shorts (thats why gap) and shorted from 70/75 and killed the trade.
But what if the outcome had been - NFP for US, then trade would have bee flipped so fast upside that it would have taken out most of traders and 70/75 level and targeted +100 pips from that anyway.
So, to make odds much better for the NFP, one needs to know price space and wide range with orders.
They think they are smarter than I am.
- #998,214
- Jun 5, 2015 8:39am Jun 5, 2015 8:39am
- Joined Nov 2012 | Status: Trader | 5,895 Posts
http://www.forexfactory.com/showthre...93#post8305593 crazy maybe not
- #998,218
- Jun 5, 2015 8:40am Jun 5, 2015 8:40am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
COT: The precious data ignored
