Thread: Trading the NFP this friday

Hi NoTouch

In my Metatrader charts (MIG Demonstration ), there's a gap down on EURUSD and GBPUSD at about 17:25 GMT.

On OandA, there's actually a lineup, so dont understand what happened.

Originally Posted by ;

Hi NoTouch

On my Metatrader charts (MIG Demonstration ), there's a gap down on EURUSD and GBPUSD at about 17:25 GMT.

On OandA, there is really a down line, so dont know what happened.

Classic instance of the broker stating and making charts look like they gapped. I traded without any troubles through all 3 moves. And also my charts don't show a gap. Which broker are you using for that?

91621damn pound travelled up 100 pips then drop 200 pips, nobody had an idea, this is one of the crazest n.f.p. I have seen in a while.

94933Actually TTn gave a clue that it was going to occur about an hour before NFP.

Https://www.forexsoutheast.asia/gene...ity-check.html

I captured the increase and then I grabbed the collapse.

Originally Posted by ;

damn pound travelled up 100 pips then shed 200 pips, nobody had an idea, this is only one of the crazest n.f.p. I have seen in some time.

94933

Originally Posted by ;

damn pound went up 100 pips then drop 200 pips, nobody had a clue, this is only one of the crazest n.f.p. I have seen in some time.

16:36 08Dec2006 TREASURY'S PAULSON SAYS STRONG JOBS PICTURE BEGINNING TO TRANSLATE INTO BETTER INCOME GROWTH-CNBC
16:37 08Dec2006 PAULSON SAYS APPEARS TO BE GOOD Prospect OF MAINTAINING SUSTAINED ECONOMIC GROWTH

94933

Originally Posted by ;

With regards to motives, I am on the lookout for article analysis. While the transaction is moving on...I dont always have to understand why its moving in a certain direction because I'm getting an idea of that. The NFP came in better than normal and the USD gained worth. I don't understand it rebounded twice. Knowing the market will make me more agile and adept at determining to exchange.

I haven't had the chance to study price action right now so I want to gain advice yet I can. I am simply curious as to why the market reacted the way it did. While its moving I can attempt to go with the flow but I want to learn from my errors. Thats why I want to do some post analysis. I have not seen this market spike 3 occasions in a short time period. I want to understand what things to keep an eye out for when the market begins acting.

thanks.

btw. . .what time period to exchange off of when trading the news?

thanks.

The NFP came out stronger then anticipated with two alterations; October was revised down, but September was revised upward. Locating the gap revealed that tasks were added over the period. So the $ obtained stronger on the original number revision got stronger again after the gap was accounted for! Or figured the avg over the three month interval which was. So it's not actually acting as anticipated from the numbers it reacting.

Did TTN have all the revisions and the math that showed the additional jobs?

94933I'm not sure, because I stopped listening intently soon after the rise... Allow me to go through the history and that I will type back...

Originally Posted by ;

The NFP came out stronger then anticipated with 2 alterations; October was revised down, but September was revised up. Finding the difference revealed that jobs were added over the period that was Sept-Oct. So the $ got stronger on the original amount, weakened after the Oct revision then got stronger following the difference was accounted for! Or figured the avg over the 3 month period which was. So it is not really behaving crazy, as anticipated from the numbers it reacting.

Can TTN have all the revisions and the math that demonstrated the additional jobs?

94933 This is:

And the second one is my additional news feed
https://www.forexsoutheast.asia/atta...2114817639.zip
https://www.forexsoutheast.asia/atta...2710345265.zip

94933

Originally Posted by ;

damn pound travelled up 100 pips then drop 200 pips, nobody had an idea, this is one of the crazest n.f.p. I have seen in some time.

I never know how the NFP will bounce around but at the very end of the day it consistently follows the 4 hour trend. Check it out. I'm imagining the big boys were short, people saw it briefly hit 1.9540, it did not really break it so everybody purchased. In 1.9700, the big boys, said enough is enough and sold a few more. They never went to let it get too large. Bear in mind, the big boys ALWAYS determine and have control of the market's direction. And remember how liquidity dries up? Well if you believe its difficult to get a decent quote on a few lots durring NFP, imagine trying to find the liqidity. That is the reason the big boys have all their rankings entered BEFORE any information comes out, and its also why the NFP won't ever provoke a sudden change in the trend.

Originally Posted by ;

damn pound went up 100 pips then drop 200 pips, nobody had a clue, this is one of the crazest n.f.p. I have seen in some time.

In fact, if you choose it from the low of the first spike down, cable rose 200 pips and then dropped 200 pips. A pre-planned that is more than likely egy from the big boys. Clean out the shorters, some who have shorted before news release and in the process, neutralise the straddlers.
Of course, following case, you will notice people attempting to describe it from the real numbers that were released. Happens all of the time. Revisions here and there. You could make a case that is good for the price rising or the price falling.