NFP Predictions
Member Since Sep 30, 2014
1 posts
Oct 06, 2016 at 06:04
no change around 150k for me
Oct 26, 2016 at 11:49
(edited Oct 26, 2016 at 12:01)
@MC85
There are 20 days a month to trade, 24 hours a day. That's 480 hours a month, 28 800 mins a month. NFP lasts about 5 mins.
Why on earth do you want to focus on the 5 mins ?!
By the way, there's about 25 000 to 40 000 value changes a day on a pair. You are completely ignoring those by focusing on the value changes on NFP alone.
There are 20 days a month to trade, 24 hours a day. That's 480 hours a month, 28 800 mins a month. NFP lasts about 5 mins.
Why on earth do you want to focus on the 5 mins ?!
By the way, there's about 25 000 to 40 000 value changes a day on a pair. You are completely ignoring those by focusing on the value changes on NFP alone.
Member Since Nov 21, 2011
1718 posts
Oct 27, 2016 at 09:34
Whatever and whenever people wanna trade... what's the matter as long as you make profit?
Oct 27, 2016 at 10:29
@CrazyTrader
Because it simply doesn't work like that. Almost no one makes a profit, the entire MT industry is based around no one makes a profit. If you do they have methods of making sure you don't.
The figures are public for the US industry, which is dismal and the rest of the world isn't doing any better. Basically there really aren't many retail fx traders making money. Maybe 10 to 100 in 100 000 ?!
So if you go after 5 mins in 30 000 you are really, really exponentially fucked. Takes a special level of stupidity to go after something that almost never happens.
Because it simply doesn't work like that. Almost no one makes a profit, the entire MT industry is based around no one makes a profit. If you do they have methods of making sure you don't.
The figures are public for the US industry, which is dismal and the rest of the world isn't doing any better. Basically there really aren't many retail fx traders making money. Maybe 10 to 100 in 100 000 ?!
So if you go after 5 mins in 30 000 you are really, really exponentially fucked. Takes a special level of stupidity to go after something that almost never happens.
Member Since Nov 21, 2011
1718 posts
Oct 27, 2016 at 11:47
All I know it's easy to make pips on NFP.
I will reactivate NFP EA for the next month... I will post results for coming NFP sessions.
I will reactivate NFP EA for the next month... I will post results for coming NFP sessions.
Member Since Nov 21, 2011
1718 posts
Nov 06, 2016 at 07:33
MC85 posted:
Do you know any strategy how to trade effectively the Non Farm payroll?
Hey,
Yes I know one... I have activated my NFP EA this morning for the day, but now I'm at work and I suspect I haven't checked everything. I guess It won't trigger trades. Well it will be for December ^^
