Thread for Friday Traders
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!
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!
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.
took my profitable little PIPs and ran at 89! Whee
short usdjpy at 89.333
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 ?
Eur/Cad Fib Retracement 1hr ;o)
http://www.screencast.com/users/javageorge/folders/Jing/media/7def047b-27a8-4eca-9371-5650e28e39f9
Triffany, still short. Waiting for retracement.