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?
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?
Quite a few people it seems!
http://www.babypips.com/forums/showthread.php?p=1983&posted=1#post1983
Regards,
E. Lang
I stayed on the sidelines, but would be interesting if it breaks below 1.2979 old top.
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.
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.
Sure did…I’ll post my results shortly. I ended up making a profit on the NFP and the CAD Employment Change.
For all of you newbies trying to learn how to trade the NFP, here is a good link: http://forexdiamonds.com/video.php?video=010507_USNonFarm