Thread: NFP Results....

I understand now, everybody did well on the NFP announcement.

We knew ahead of August's NFP (and July's PPI and CPI), that politicians facing November elections in the united states prefer a rate pause, thus US economic statistics must confirm an alleged absence of inflation. No inflation, no rate increases by FOMC, therefore weaker dollar.

So if you straddled or went long on anything with dollar as cross, you left out now!!

So let's hear it. How can you do??

Originally Posted by ;

While it is nice that everybody is reporting their wins, I'd love to go somewhat deeper into the essence of the beast...i.e.:

I have noticed twice now that before the NFP the leadership of the day matched the NFP direction along with the 5-10 minutes before the official release is out, people appear to already have a head start as the runup to the 08:30 / 14:30 my time launch was already a rise of more than 20 pips...


Is this normal? Does trade the leak work every moment? Does somebody have a couple of years of experience? Or a couple of dozen NFPs possibly?

What about the whipsaw and turnaround legends, has it ever happened that a gt; 50 pip move suddenly jolted, stopped, turned around and moved over 100 pips back again?
And if so, please provide a date when it happened and do not just say something without proof. I would really like to study this before increasing bets even though the last three NFPs have ended up with over 50 pips profit...

Oh and also, my orders have been eased by 23 pips, isn't that insanely large? I feel somewhat cheated, but it seems on non-ECN dealing-desk brokers this is normal...

Check out the April 7, 2006 NFP. It was edging up for approximately 20 minutes before the news and went up 37 pips straight in 8:30, came back down about the same, then went back up a little before taking a plunge down. You cannot count on it going the way it is leaning. It does appear to go that way a lot, but is definately not a sure thing. There are numerous more examples besides April. Only go back and look. What I've done is printing out the charts for NFP going back within a year and set them in a notebook, so I will go back and look at them, make notes and invent egy.

In my opinion the only way to safely exchange NFP is by waiting for the numbers and then taking the trade. Straddling functions but you have to be careful due to the whipsaws and some brokers slipping on stops throughout NFP and other volatile market conditions. If straddling, use a lot dimensions.

Hi MM

Originally Posted by ;

Thanks Alan.

Many traders in addition to you said entering a long position Thursday evening, presumably based on T/A. Some traders are currently looking for non-news trading egies and if your commerce seems to have revolved around the news, it was entered several hours prior to the release thereof.

Help me create better traders of all of us (iron sharpens iron; no more plastic knives !!!)

Without divulging trade secrets, how would you mind discussing in general terms the way that you used or trading platform (e.g., MT 4 having a specific EA)?

Appreciate your input and big congrats on the huge pips.

That I wasn't going to say anything but you're doing such a wonderful job on positivity

The little commerce was taken following a much bigger speculative long position got stopped out at 1.8840 from the last day. On hindsight, I should have waited and entered in 1.8840. Lesson - One person's stoploss is the perfect entry point!

I utilize Amibroker for backtesting, MT4 some live charting, fxsol and oanda for trading.

Continue the Fantastic job

Best regards
Alan

lol! @ I obtained soooooo compensated


I am gonna Need to steal that line from Time to Time

Originally Posted by ;

lol! @ I got soooooo paid


I'm gonna have to steal that line from time to time

And with that sknk gets the last word.

Much thanks for sharing everyone (like you flashjack and jessieblue).

Hopefully traders, from the old rusty dustys into the who-be newbies, heard something from the data presented. Seems like the overall mindset is quite favorable; there was a noticeable lack of broker-bashing, even by people who got slipped and requoted. Confidence is very high, but remember.

Stay focused, remain humble, refine your own body so you develop confidence it will produce positive pips for there is the potential for profits, profits, and more profits. That's your duty.

Finally, for us, there's absolutely no such thing as a loss.
There are Learning Opportunities S ee Success.
We know, adapt, improvise then predominate, taking what the defense gives us. Always retain that positive mindsetin this business as well as in your private life.

Time to move on .... I have sooooooooooo paid!!!! Yeah, I like that!!

Originally Posted by ;

While it's nice that everyone is reporting their wins, I'd love to go a little deeper into the essence of the beast...i.e.:

that I have noticed twice now that before the NFP the leadership of this day paired the NFP direction along with the 5-10 minutes before the official release is out, people appear to have a head start as the runup to the 08:30 / 14:30 my period launch was a rise of over 20 pips...


Is this normal? Does transaction the leak work every moment? Does anyone have a few years of experience? Or a few dozen NFPs possibly?

What about the whipsaw and turnaround legends, has it ever happened that a gt; 50 pip move abruptly jolted, stopped, turned around and went over 100 pips back again?
And if that's the case, please give a date when it happened and don't just state something without proof. I would really like to research this before increasing stakes though the last 3 NFPs have ended up with over 50 pips profit...

Oh and , my orders were slipped by 23 pips, isn't that insanely high? I feel a bit cheated, but it seems on non-ECN dealing-desk brokers this can be ordinary...

If you go back and examine the information for the NFP from November'05, that is a roller coaster of joy right there (is it odd I can vividly remember the ride that morning?) . The cable and euro were revved up on the suspicion of terrible news, and bad news it was. . .but very good news for dollar rates apparently. The market took a swing upward, and began to plummet from the dollar's favor for something absurd like 250pips in one two hour interval.

Additionally, if I could chime in with my results still? So I took it I had one of these feelings on a hipshot of a transaction. Let the force guide you, if you will. So I entered brief on USD/JPY on a market order about two minutes prior to news with 10lots (mini), placed a buystop order 25 pips away for another 10 lots, and ultimately, yet another 10 lot entry order in 25 pips farther away than the last one. Place them all to close at 75 pips away from the entry. Sure enough, by I was settled and had difficulty going back to sleep glistening with the delight of having built a pyramid of money

Hello can you guys please share together with the brokers that you all use along with the experience youve had on NFPs (previous ones too) on these brokers. Just wanted to take the top one and the most dependable as im having trouble with FXDD Inside This NFP, 50 pips slippage and the machine crashed and they wont take telephone orders and they are system wont come online after 25 minutes

Please provide me your insights about your brokers as it will be helpful

Thank You
Ahmed

Originally Posted by ;

hey can you guys please share with us the brokers you all use along with the experience youve had on NFPs (previous ones too) on those brokers. Just wanted to take the top one and the most dependable as im having trouble with FXDD within this NFP, 50 pips slippage and then the system crashed and they wont take telephone orders and they're system wont come online after 25 minutes

Please give me your insights about your brokers since it will be helpful

Offering You
Ahmed

Ahmed,

you'll find opinions and information regarding brokers at the following website:

https://www.nigeriaforextrading.com/...art-trade.html

Additionally run a search from the forum and you'll find more than a few articles regarding good and bad brokers.

Originally Posted by ;

hey can you guys please share together with the brokers that you all use and the experience youve had on NFPs (past ones too) on these brokers. Just wanted to take the best one and the most reliable as im having trouble with FXDD within this NFP, 50 pips slippage and the machine crashed and they wont take telephone orders and they're system wont come online after 25 minutes

Please give me your advice on your brokers as it will be useful

Thank You
Ahmed

Ahmed,

You can also explore in goforex.com and forexbastards.com. They have reviews and comparisons.

Originally Posted by ;

While it is nice that everybody is reporting their wins, I'd like to go a bit deeper into the nature of the beast...i.e.:

that I have noticed twice that before the NFP the leadership of this day matched the NFP direction along with the 5-10 minutes ahead of the official release is out, people seem to already have a head start as the runup to the 08:30 / 14:30 my period release was already a rise of more than 20 pips...


Is this normal? Does trade the leak work every moment? Does somebody have a couple of years of expertise? Or a couple of dozen NFPs possibly?

What about the whipsaw and turnaround legends, has it ever happened that a gt; 50 pip move suddenly jolted, stopped, turned around and went over 100 pips again?
And if that's the case, please give a date when it occurred and do not just state something without proof. I'd really like to research this before increasing bets even though the past three NFPs have all ended up with over 50 pips profit...

Oh and , my orders were eased by 23 pips, isn't that insanely large? I feel a bit cheated, but it seems on non-ECN dealing-desk brokers this is normal...

These are the type of principles I use for opportunities Seeking Light.
B U T, counting on that egy is a hint bag.
Occasionally it will creep one way and then reverse. The pound enjoys that one.
But toss in the confluence of this bad Canadian employement information from an hour earlier along with the creep and that I had some more insight. Consider that market sentiment was gonna desire a blockbuster number to save the dollar and I had a resonable amount of evidence to prefer the dollar short.

That's how that one went for me and that I obtained sooooooooo paid.

Food for consideration.