Non-farm Payroll - Page 2
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Thread: Non-farm Payroll

  1. #11
    The revised estimates are for 200k (theforexintuitivecalendar still says 175k) so a number will need to be over 225k for a lengthy dollar / under 175k for a short dollar. Inside that range, leave it alone. You're going to find more bang for your buck on the short side given the pervasive pause in august theme.

  2. #12
    Quote Originally Posted by ;
    Actually, NFP is easy to trade.

    5 minutes ahead of the numbers are published, set Buy and Sell Limits in the highest high and lowest low of the previous 25 minutes 12 pips. Decide on a Stop of 8 pips along with a PT of 80. Use appropriate risk management. (ya know... MAX LEVERAGE!!!!!)

    Sit and drink yer java. Once about 10 minutes is finished, you'll either reach your target or you'll need to exit. After that, shut down your charts, close your brokerage window, and begin your weekend...
    eeeehehehehe. Hmm with 400:1 I can place in 1 mini per $25...

  3. #13
    Quote Originally Posted by ;
    In fact, NFP is simple to trade.

    5 minutes before the amounts are released, set Buy and Sell Limitations at the highest high and lowest low of the previous 25 minutes 12 pips. Decide on a Cease of 8 pips along with a PT of 80. Use risk management. (ya know... MAX LEVERAGE!!!!!)

    Sit back and drink yer java. Once approximately ten minutes is over, you'll either hit your target or you'll want to exit. After that, shut down your charts, close your brokerage window, and begin your weekend...
    did not get the job done, esp. With a 8 pip stop. Definitely not with Buy/Sell Limits, maybe with Buy/Sell Stops

  4. #14
    I set a buy and prevent limit at the maximum close and cheapest close of the last 7 days. I then chickened out right before the number came out (cuz I'm a noob) and observed a 90 pip profit I missed. Boooo hooooo. Oh well - I'm still up 102 pips in July.


    Lisa

  5. #15
    Quote Originally Posted by ;
    My purpose is,'' If a person is asking for recomendations as to how to exchange the most volatile news event every month, It'd be apparent they do not have a lot of expertise. It might be unwise to send them to trade an event which, yes, can be traded by an expert. It's a recipe for failure.

    If you believe you have a means for trading NFP, which a lot of people do. I've traded the aftermath quite successfully, then try trading it in demonion first and find out what happens. Sure it only comes once a month, but you have loads of time to learn.

    Perhaps one of the men and women that are suggesting to exchange the NFP may take a minute and guide you through the procedure as it is happening. Otherwise, unless you understand what you are doing, it's just a bet. Great fortune...

    Scott
    I do not disagree with you Scott. It is just that everybody tells newbies Do not exchange the NFP without qualifying their announcement as you did. The NFP is it's own monster that people can get accustomed to trading. But if most of newbies hear are Do not exchange it, they will never learn how to exchange it.

    To emphasize what you said in here, however, the NFP should not be traded until you've got a solid method for trading and lots of experience demonion trading it.

  6. #16
    Quote Originally Posted by ;
    did not work, esp. Using a 8 pip stop. Surely not with Buy/Sell Limits, maybe with Buy/Sell Stops
    Then you did something wrong, or your broker played matches with you.

    From 5:00 - 5:25 PST, the highest high on Oanda has been 1.2784

    I have filled at 1.2796.

    You can do the math from that point on by looking at any given chart.

  7. #17
    Hello Men,

    to be honest I dont understand who states to remain from nfp.
    I agree staying from fomc, but nfp is basically only one number, so the response should be unidirectional.
    At the worst case, you loose everything you locked into the 2 orders (market down of current price and buy up of current price).
    The risk reward is 1.5/9 at least in only 30 minutes. .
    No time lost, few loose risk in contrast to rewards, so what the problem?

    If you risk 150 $ you chose aout 1500$ from gbp-usd
    if you choose to play with 500$ you'd have currently 5.000$
    you you decide to risk 1000, currently 10.000$.

    What's so bad?

    I do.

    thanks !

  8. #18
    Quote Originally Posted by ;
    I decide on a buy and stop limit at the highest close and lowest close of the last 7 days.
    I would advise that that's too far in terms of days to look back. Together with my egy, you do not care about anything more than the first ten minutes. This means that you should look at the last thirty minutes maximum. After ten minutes, it is anyone's game, and they should rename the afternoon to Whipsaw NFP Day as far as I am concerned.

  9. #19
    Quote Originally Posted by ;
    I don't disagree with you Scott. It is just that everyone tells newbies Do not exchange the NFP without qualifying their announcement as you did. The NFP is it's own monster people are able to get used to trading. However, if most of newbies hear are Do not exchange it, they won't ever learn how to exchange it.

    To emphasize what you mentioned in here, though, the NFP shouldn't be traded until you've got a sound system for trading and lots of experience demonion trading it.
    Maybe Scot meant newbies who have live account and not DEMO. A newbie could be a man or woman who had DEMO and went live a very short time ago. As many would agree, having long time DEMO doesn't make one trained. The same as many brokers, a live platform in not like a Demo platform. Emotion and adrenalin level in live trading COULD bring you back to a newbie stage.
    Just qouting what's replied by members here before.
    Highway

  10. #20
    1min before using Oanda I set limit 6pip off on either side w/ a five star stop.

    Then only start getting profits in 1/4's

    47 49 57 62 = 53pips today


    Fantastic Way to end the week


    turbo

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