Trading the NFP this friday - Page 2
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Thread: Trading the NFP this friday

  1. #11
    Hello men. .

    Just help me in this question. .

    When placing Pending Orders for NFP. . How many pips apart will be fine for it?!?!

    THANX .

  2. #12
    Well, you are pretty certain it's gonna become a mover. So whatever you feel comfortable with that will not spike you in. This goes back to knowing your broker, the way they expand, how they spike and judging it from there.

    I move 10 -10 ish unless it's being really spikey.

  3. #13
    Quote Originally Posted by ;
    You mean if the NFP is good, then the dollar will rally further and those that are selling the dollars are seeking to take profits and join in on the celebration?
    No I mean when NFP is fine, dollar will rally, then after a while it will run into a brick wall of sellers. When it hits this wall, market.

    Quote Originally Posted by ;
    Additionally where does the revision of the NFP print out because Bloomberg does not read the revision till later. . .Where do they get the data from when its coming across the wires?
    It's actually quite a fascinating process how it works. There are a lot of reporters sitting in a room somewhere in Washington DC. At 8:15am they're given the NFP report by the BLS. They sit in this room for 15 minutes and write a story about the report. Then is a countdown, 10, 9, 8, you get the picture. Then at they're allowed to transmit their story to their news business. The reporters work for companies like bloomber, reuters etc I know this seems like a crazy procedure, but that is really how it's done.

  4. #14
    Quote Originally Posted by ;
    no I mean when NFP is good, dollar will rally, then after some time it will encounter a brick wall of sellers. Market, If it hits this wall.


    It is actually quite an interesting process how this works. There are a lot of reporters sitting at a secured room someplace in Washington DC. At they're given the NFP report by the BLS. They sit in this room for 15 minutes and write a narrative about the report. Then is a countdown, 10, 9, 8, you understand. Then at exactly 8:30 they're allowed to transmit their narrative to their respective news business. The reporters work for companies like bloomber, reuters etc I know this seems like a crazy process, but this is really how it's done.
    What do you say we all pitch in and buy one of those guys somethin' real nice.:

  5. #15
    Ohhh god. Man, use leverages with becareful and this. Get the amounts and use your mind with this particular report, better than straddling, dangerous with this high volume report. GL, hehe, ill sit out this one...

    Retraces are not known for this particular report. Dont if anyone is looking for it fade this one.

  6. #16
    There is always a pullback of the initial spike into some Fib degree then a continuation but true you shouldn't attempt to fade it straddle it - wait to your retracement then get in.

  7. #17
    Quote Originally Posted by ;
    There's always a pullback of the initial spike into a Fib degree then a continuation but true you shouldn't attempt to fade it or straddle it - wait for the retracement then enter.
    There will be a retrace TRUE. But to that degree?

    Must you wait for the 1st moment's move to choose which is the FiB degree? Or wait for 5 minutes?

    Understanding where degree *isthe big GUESSING GAME.

    This is why I exchange half through Straddle and another half through Market Order.

  8. #18
    Quote Originally Posted by ;
    We have to aim our NFP trade day as early as possible. I am looking for the following scenarios:
    1. Upward Revision, NFP gt;125K = BUY USD
    2. Upward Revision, NFP lt; 125K, NFPgt;90K = Buy USD
    3. Upward Revision, NFP lt; 90K = Whipsaw
    4. No Revision, NFP gt; 125K = BUY USD
    5. No Revision, NFP gt; 100K, NFP lt; 125K = Whipsaw, Buy USD
    6. No Revision, NFP lt; 100K = Short USD
    7. Downward Revision, NFP gt; 125K = Neutral
    8. Downward Revision, NFP gt; 100K = Short USD
    9. Downward Revision, NFP lt; 90K = SHORT USD

    I like to see #1 and #9 come out this friday.
    BK, et al,

    Maybe it is only me (or the Louis the Tray, yet another one of those $250 dinners) but how do you have #1 and #9? Aren't they mutually Did you mean #1 OR #9??

    Help a brotha with this 1!!

  9. #19
    Personally,

    I believe Non-farm Productivity is throwing everybody off course, as is ADP. Both scrapbooking increased productivity and more jobs (appropriate ). That's the installation. IMHO Non-farm Payroll will reveal dollar weakness and ship cable toward the magic 2.0000 level.

    But what do I know. It's 05:46 gmt, 12:46 am est and WAAAAY past my bedtime.

    Goodnight and Goodtrading.

  10. #20
    I'd love to straddle this report since the movement is unpredictable.

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