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04-11-2010, 17:53
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Junior Member
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Join Date: Oct 2010
Posts: 12
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Trading the NFP
You guys should be aware that most brokers shift to manual execution during news volatility.
It is pretty obvious that such important news as NFP create a lot of havoc in the market with prices spiking, retracing, re-spiking and so forth...
there is no broker that could possibly guarantee fills under news.
Looking at the 5min chart, you probably must have tried to close your position around 8.38am, 8 minutes after NFP release.
THIS IS PRETTY WEIRD. there is no way the market is still that volatile 8 minutes after news release.
call them up and ask them what went wrong and why did that happen.
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11-11-2010, 06:20
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Junior Member
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Join Date: Nov 2010
Posts: 4
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Does NFP mean: net financial profit? I just hear about it the first time at this thread.
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28-11-2010, 19:12
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Member
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Join Date: Sep 2010
Posts: 31
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forex trading and last night I saw the dollar surge against the euro. By my...In the case of this morning's NFP release, the niumber came
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21-12-2010, 16:30
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Junior Member
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Join Date: Dec 2010
Posts: 2
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Trading the NFP is difficult (not the part to catch the move) but to get the trade placed. Brokers are fighting hard against news traders.
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05-05-2011, 05:43
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Junior Member
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Join Date: May 2011
Posts: 3
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I tried to trade NFP, during the first few tries I doubled my funds but I loss my gains in the succeeding trades. I think it is very risky to trade the NFP...
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13-12-2011, 09:17
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Junior Member
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Join Date: Dec 2011
Posts: 13
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Re: Trading the NFP
Quote:
Originally Posted by kinnkia
I'm wondering if anyone has any methods that help in trading the NFP.
When I usually trade the news, I set limit orders above and below the current price, and do pretty well, but during Non Farm Payroll, the whipsaws give me a heartattack.
Does anyone trade the NFP, and if so, ummm, how???
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it does not matter if it is the NFP or any kind of important news- trading during high impact events is completely gambling. The reason is that the markets gets too jumpy and changes its direction several times, so you might have predict the right direction but the market already shook you out. Be careful of these kinds of games. Good Luck
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20-12-2011, 17:50
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Junior Member
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Join Date: Dec 2011
Posts: 22
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Re: Trading the NFP
I have once tried to trade the NFP and it went wrong, badly wrong lol. I've lost a big % of my account.
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07-01-2012, 18:35
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Junior Member
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Join Date: Jan 2012
Posts: 3
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Know forex
Do more comments.
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09-01-2012, 14:10
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Junior Member
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Join Date: Dec 2011
Posts: 10
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Re: Trading the NFP
Quote:
Originally Posted by kinnkia
I'm wondering if anyone has any methods that help in trading the NFP.
When I usually trade the news, I set limit orders above and below the current price, and do pretty well, but during Non Farm Payroll, the whipsaws give me a heartattack.
Does anyone trade the NFP, and if so, ummm, how???
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Basically, the strategy that you use is appropriate for trading while news. The problem with such significant news such as the NFP is that the spreads might get extremely widen. Then what happens? Both of your orders are auctioned by the broker and your lose is double. Remember that the spreads are always against you…
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