NFP report
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Thread: NFP report

  1. #1
    Join Date
    Jan 2007
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    74

    Default NFP report

    Hey who traded the NFP report and did you make any profit from it?

    Everybody was expecting dollar negative data so I was long on EUR/USD and got stopped out.

    Anybody make money on this one?

  2. #2
    elang's Avatar
    elang is offline Superior Master Contributor and Member
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    Dec 2006
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    Quite a few people it seems!

    http://www.babypips.com/forums/showt...ted=1#post1983

    Regards,
    E. Lang

  3. #3
    Join Date
    Dec 2006
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    I stayed on the sidelines, but would be interesting if it breaks below 1.2979 old top.

  4. #4
    Join Date
    Dec 2006
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    55
    Hmm for me that was a test of patient.
    I'm on USDJPY Short my enter point was on 03.01 - 119,44 "S/L- 119,90".
    I place second pending order short at 118,80 "S/L 119,20" When a price hit my target of 118,80 i move my S/L of first order to 118,90 and i make my risk zero. Then price move to a 118,04 i saw perfect opportunity get out with those 140 pips form order 1 and 86 from my second order and i know that NFP is coming and market will blow in some direction .It was hard.
    Form 1 side i wish to swing trade.I wish to trade movemets that continies with days, from other side ... that was 226 pips and NFP coming danger.
    I decide to test my self since i put my risk to zero there is nothing to lose right?And as i wish to be a swing trader i have to learn myself to survive those news so i decide to stay.
    I don't tell you how i feel when NFP come and i get 100 pips aganst my direction ...nearly eat my fingers market hit my S/L of my first order and heding to S/L of my second one ... but i was get all ready my 54 pips and in worst case if market hit my second one S/L i will still win 14 pips.But at 119,03 market get back in my direction and nearly go to 118,50 so thing become again normal and i move my second order stop lose to zero point of 118,80.
    Did i make right decision next week will show me.
    But i'm satisfy from myself that i didn't let my emotion lead me once when i was happy with 226 pips and once again when i was panik from those 100 pips aganst me (while i have zero risk and 14 pips in worst case).

    Please don't laught at me and my newbie dramas

    Happy trading

    Vladimir.

  5. #5
    Join Date
    Dec 2006
    Location
    Cairo, Egypt
    Posts
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    I don't tell you how i feel when NFP come and i get 100 pips aganst my direction ...nearly eat my fingers market hit my S/L of my first order and heding to S/L of my second one ...
    I think that's usual
    This report every month scares me especially when I am running swing trades, and I do not want to close. But I am lucky, cause my trade was a GBPJPY short.

    But i'm satisfy from myself that i didn't let my emotion lead me once
    Exellent that you don't let your emotion control your trades.

  6. #6
    Sure did...I'll post my results shortly. I ended up making a profit on the NFP and the CAD Employment Change.

  7. #7
    For all of you newbies trying to learn how to trade the NFP, here is a good link: http://forexdiamonds.com/video.php?v...0507_USNonFarm

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