I closed my positions and stood apart.
In the End of the 5min. Candle immediately after the NFP Report, I entered Long in 1.3560. Prices stalled in the 55EMA, where I booked profits at 1.3590. Shortly afterwards (see: Murphy's Law) it broke resistance and pushed through 3600 and to 3620 resistance. I entered Brief there to get a fast retrace of 17 pips and booked profits.
Complete a good day. Hindsight, I had been fortunate on the brief retrace place, since had it busted 3620, 3665 was following to the cards...
Same here... understanding that the revision is critical on NFP.Originally Posted by ;
I had been long from 9860 area already, only added greatly by the first pullback at 9880
Now was a moment that is non-trade. Far away. Played with some golf, watched the news and had lunch with your spouse.
I took the position of not being at the market. Guess what, never missing a cent
I don't commerce fundamentals. I exchange 4 hour charts and daily charts with 12 currency pairs. As a full time trader, I am specialized.
That has been my strategy too, a 50% retrace of the primary spike that came outside to 9881. With the ho hum news I thought it might get 20 pips but wound up with 50.Originally Posted by ;
Richard
If I have learned anything... it's that I am no where near detached enough to play the news. I also stayed on the sidelines waiting for the dust to settle before I return into finish with a few pips in pocket!
That is the best position to prevent from loosing money... Problem is that it prevents making it as wellOriginally Posted by ;