OK - well - for what it's worth - a word of warning about my idea:
About five minutes before the NFP I put Trailing Stops (6 pips) on each of my open positions.
Guess what?
About 30 seconds before the NFP some of these started getting executed by my dealer leaving me with my 'you know what' wide open!
Now - either I did not set the stops wide enough - or - something was being manipulated just seconds prior to the NFP figures. Is that possible?
Let me know what you think - this did work last week for me - just not so well today - although would have been great if the execution of those stops had not happened when they did.
Put it this way - would it be reasonable to say - instead of putting very small stops on like I did - could you (or should you) put larger stops on. In other words - if you think that a News Event is good for let's say a minimum of 100 pips for example put your stops at say 25 pips. That way - you will lose more - but at least the dealer is not aware of your intentions i.e. the moment I placed my stops before the NFP they showed as pending in the queue and were executed moments before the announcement.
Or is it common to have 'noise' just before a News Event?
Regards,
Dale.
Sorry - groovenator - I realise what you meant by the revision - the revised figures FOR THE PREVIOUS period also get release at the same time as the new one. Learning every day!!!
Last edited by dpaterso; 04-06-2007 at 10:29 AM.
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