Saturday, February 4th, 2012

Thread for Friday Traders

6

Remember that this Friday (12/4) is NFP Friday. 

Those you who trade NFP, tell us what you do and what you like about it. 

Those of you who don’t…we should make a standing tee time and spend the day together!  :)

Comments

6 Responses to “Thread for Friday Traders”
  1. JerryN says:

    At 5.3 AM NYEST I am long USDJPY.

    My opinion: USD needs to rally. JPY is being urged down by Japan gov. Chart support target of just below 89….. I have no clue what the NFP will do, but I am inclined to ignore it over the intermediate term. I have a tight stop on my position.

  2. JerryN says:

    took my profitable little PIPs and ran at 89! Whee

  3. JerryN says:

    short usdjpy at 89.333

  4. Aby David says:

    I am working with the EURJPY, i dont know why, but thats what i’ve been doing with the NFP … so far i just draw a box around the pair 15 minutes before the report and place OCO orders above and below about 10 pips above and below the box with a 30 pip profit target (i started doing this with a 10 pip profit target now i am up to 30) so far so good … anyone else have an idea about how to trade these reports ? Interestingly the pair always moves the opposite direction of the final move just before the announcment, so if i see a dip to the bottom of the box about 5 minutes before it usually means this pair is going up … any thoughts on this ?

  5. JerryN says:

    Triffany, still short. Waiting for retracement.

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