Guys,
it seems like Uncle Sam is still up to no good. I just read that tomorrow is another NFP day:
Funny, usually NFP is on Friday, not Tuesday. Hmmmmm…
Hey John, welcome to the community! I am glad you found us and I hope you learn a lot here. I actually travel to Texas a lot, but down in the Houston area, and also in Nederland.
I personally use FXCM Marketscope, I think their charting tools are bar non the best, and they also don’t look like they are from the 1990s. I don’t have an iPad but I do use their iPhone software and it is pretty good also. Considering how small the iPhone screen is , I can still trade on it just fine and use all of the same charting tools that I use on my PC.
Hey vene, while we don’t trade the news, we still consider it’s risk. News events such as the NFP are generally such a high risk event, that it almost completely removes and trading edge that a price action signal offers. Now I want to make a side note here that I really push not trading during the NFP, but only the USD. If a big price action signal is in play for a non USD pair, sometimes the volatility helps quickly push it to your profit targets.
[QUOTE=“krugman25;553992”]High risk events for week of 10/20
<img src=“301 Moved Permanently”/>[/QUOTE]
NFP tomorrow because government was shutdown during normal reporting date. They are just catching up.
[QUOTE=“krugman25;553981”] Hey John, welcome to the community! I am glad you found us and I hope you learn a lot here. I actually travel to Texas a lot, but down in the Houston area, and also in Nederland. I personally use FXCM Marketscope, I think their charting tools are bar non the best, and they also don’t look like they are from the 1990s. I don’t have an iPad but I do use their iPhone software and it is pretty good also. Considering how small the iPhone screen is , I can still trade on it just fine and use all of the same charting tools that I use on my PC.[/QUOTE]
Hey Aaron
Before anyone replied last night, i actually came upon the FXCM app. Like it a lot better than the MT4. But how do i make sure i am in the New York 5 Day Close? Thanks for the help
FXCM uses NY close for their software.
Hi JPW, If you are based in the US the FXCM market scope charts should be on NY close but you can set them that way anyway, I am based in UK and use FXCM charts, i had to set them to NY close, I called FXCM tech support and they talked me though it, there were a few steps involved.
Regards,
Amy
Good morning traders! I completely forgot about NFP and also forgot about an entry order I had set a couple days ago. I checked on the entry order last night and remember thinking “that entry is never going to get hit”. NFP has a crazy way shaking up the charts though. With one of my entries triggered I am now in 2 trades. Any other community members here in trades?
Hi,
I am not in trade. Can I ask which pairs did you take??? I don’t see nothing special (PA signals) but in fact I don’t look at it too much because the NFP.
Now I see good opportunity to go long EURUSD if PA occur around 1.37000
Same for EURJPY if PA occur around 135.000
Hi Aaron,
Hope it’s going on the right direction for you. It is USDSGD by chance ? I almost placed an order this morning on a 2BR which made a great pinbar on the 8hr but I finally didn’t due to NFP. It would have reached TP but no regrets as I would have closed it before NFP anyway. I didn’t find anything to trade right after NFP candle close, I will most likely wait until daily candles closure.
Safe trading to all,
Yves
Hey everyone, I appreciate all of the kind and supportive comments over the past few days regarding these threads and my website. Just a heads up, I will be pretty light on posting, I need to make sure I keep a good balance between this and my family. I plan on keeping most of my postings this week to facebook and twitter, and I will skim through my threads every once in a while. I am in 2 trades right now, they are both well in the money right now, but I am going to just post 1 of them.
Sorry if the commentary is light, I did try and make the screenshots informative.
Here is the screenshot I took shortly after entering the trade. This is the time frame that I based my trade on.
I often zoom down in time frame to get a more detailed view of the volume of my high TF price action candles.
Here is the trade as of this post
I don’t post all of my trades, I just randomly post 1 out of every 2 or 3. Statistically my sample of live trades I post should accurately represent all of the trades I take, as far as RR and % wins go.
Hi,
I think that you made good choise don’t take this trade. PB is good but NFP is problem. You never know what happens during news so it is better don’t trade especialy if it is so high impact news. For me it is good habit don’t trade during news (if you are not news trader 
)
I think so too. I’m happy I have learned to be more cautious and less impulsive. I used to be a real news gambler in the past, not a news trader ! 
I think the risk of trading during the news mostly lies in the currencies that the news is directly affecting. If you have NFP which is a US report, it is very risky trading USD PA signals, as the report can shift short term sentiment quickly and run over your signals. But I have found that in currencies that are not directly affected by a report, the report just serves to excite the market and usually helps push prices along.
I always avoid trading things like rate decisions, but if Australia is making a rate decision, I will continue to trade the USD or JPY. The rate decision may excite the overall market, but I don’t expect sudden sentiment shifts in any currency except for the currency that is being directly affected. I apply this same principle to trading during the NFP.
Remember were not trading the news itself, we are just factoring in the risk of trading “during” the news. Every trade has a certain amount of risk, but much of that risk can be mitigated in a way that we still have our trading edge.
Hi all,
This is a trade that i have taken. I entered on retrace at 1.90600.
Its with the trend, and has room for r/r.
Thanks.
I commend you for finding the BEEB but the problem I see with this trade is that the price action signal is not sticking up out of the rest of the candles, but is “down in” the swing. This both increases the chances of your stop getting hit and decreases the RR of the trade. Also the price just barely touches the S/R area, you want a real solid punch and false break through the S/R area. I made a couple of good posts over in Johnathons trade that I plan on finding and bringing over here, this top is one of those that I discussed. I hope it works out for you.
i’m sorry, here is a more detailed analysis of why i took the trade. this is my first time posting a live trade. so pardon me for the very… simple first post. =)
(entry is red dotted line)
Entry was based of the 1hourly chart. (entry marked by red dotted line)
Thanks for being understanding!
Unfortunately the effect of nfp release often causes spikes in non USD crosses, so it’s often a case of buyer beware regardless of your chosen cross.
For example look at today’s Eur/Chf