Was closing trades and right on 10:30pm the charts went nuts. Up and down up to 30 pips. I don’t think an exchange opened o4 closed. Or am I wrong
NFPR’s I should suggest most likely.
See here for economic calendar and summary of what these are, plus analysis if today’s data - https://www.dailyfx.com/calendar?ref=SubNav.
NFPR’s are one of the most important news announcements each month. Know the calendar.
NFP 
look in “CAlendar”
[Edit - SNAP @tommor ]
Fair enough. Still learning. Was quite a shock at first (although saved a dying trade). Did a few scalps to make a quick buck too lol.
So you say their probably the most important monthly announcement. Can anyone shed some more light or is there a good source for understanding the situation…
Thankyou
Do you think anyone who “Knows anything” - is going to give you that for free ?
Go to your charts - Go back 20 years - step through the dailies - See what happens 1st friday every month - Develop a strategy - IF you can !
Mostly the “advice” is “don’t trade news” - Easy answer - but you need to do your own research !
[Find the movement - See what you can do with it ! ]
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Falstaff, you don’t always have to be so rude.
Thanks for the arrogance. Wonder why we’re all on babypips… to help each other learn… maybe.
Never asked for spoon fed advice. Just if someone had felt or knows more about the situation I came across and can offer their two sense.
NFP yeah I know now. And I did some reading. But once again captain internet strikes with the man who knows all.
Oh., and while I’m ‘developing a strategy’, I’ll kick back this weekend on a 100% win rate (35 out of 35 trades) in my first week of live trading. Which makes next week scary and stressful.
Ok before you trade you should bring up the economic calendar and highlight all the high impact news events that are forth coming in your trading session/day. These are usually coloured red. High volatility takes place on the release and if you look at a one minute chart you will notice that most of the impact of that release occurs inside the first 60 seconds.
If you highlight these red events and go back in your charts at the historical time they occurred and look at the price spike on the one minute chart it tends to be the same on most instruments. The variant is usually the size of the spike in pip terms.
If you draw in support and resistance levels on the higher time frames like the 5 minute and upwards, you will see that the price spike tends to begin from a support or resistance level whether it be a red or green bar, it starts from a horizontal S+R level or diagonal S+R trend line. Quite often price will pierce through these levels, aka stop running and reverse or begin a new trend.
You have to study the charts to understand this concept. Best advice for new traders is exit before major releases. Experienced traders like to stay out till the release then initiate a trade when they get a setup signal they are familiar with soon after say 5 minutes and later.
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Thanks for the reply. Yeah having a read I think it’s better to hold off on these times unless you wanna try scalp the waves.
Gonna have to look into the calendar in the future.
Thanks. I’ll report back if I have an apithany on anything related.
Why don’t you mind your own business.
We all know why you’re here, and its nothing to do with helping people
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Trading NFPR’s (or any significant news announcements, whether calendared or not) is pretty close to gambling. Expected good results don’t always come out, expected bad results don’t always come out. Good numbers don’t always mean price rises, bad numbers don’t always mean price falls. But in the meantime, as you’ve seen, price bounds about like a roller coaster.
My advice is to be out of short-term positions across stuff like this, the risk of unpredictable loss is more serious than the opportunity of unexpected gains. There are 20 more days every month when the market doesn’t have NFPR’s and you can still make money with a known and capped risk. Plenty of experienced traders get into cash on NFPR day (some of them every Friday).
I don’t advocate short-term trading for any new trader anyway and this is just one of the reasons.
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Lol. Your picture tells of someone who should be a little more enlghtened.
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Yeah I agree. The initial reports won’t really make a true impact until the dust has settled. While yes potentially quite lucrative, it’s defiantly more or a gamble.
That is huge ! 
Perhaps you’d like to help others to learn, by telling us what system you are trading ? 
I could, but why would I give that away for free? 
Lol I call it beginners luck. The massive flux saved my last trade even though I closed at just above even.
But I’ll see how the next few weeks pan out and I may do a write up.
My point precisely
I see, you already got your answer! Please check the economic calendar in regular basis; it’ll help you a lot!
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You may be right but 35 positive on 35 bets does seem to indicate that you have something of value.
I don’t know what instrument you were trading, but looking at GBPUSD 5 minute, I’d assess that you went long on a trend following basis around 2 hours before NFP and wathced it drift away from you for an hour and a haf before it made a little retracement and then started to go away again. ?
At that point it “spiked” and you were so relieved that you closed as soon as it got positve ?
I think if you look at that action immediately before the news (those 2 hours - maybe including the “Trend” you appear to have been betting), You may learn something about the action which could have made a little more sense if you had been aware that “News” was coming
When I said
That was meant to be helpful, not “arrogance” - News can be difficult to understand the effects of - but well worth the study, in view of the sizes of the moves involved. It is far from a “simple” study though.
Hope that helps.
Way off. Lol nah I’ll explain it all of it continues to work. Honestly I’d rather everyone make profit.
Can’t be that far off = You’re a short time span better, 7 trades a day ! and we know that spike was in the right direction to get you out of a losing bet so you were betting in the direction of the spike - 30 pips is BIG for you. You said that already.
Don’t fret about "telling us all about it " - You just keep “IT” to yourself - we all need to dream sometimes
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