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NFP Predictions

Chad Crouch (chad0013)
Oct 05 2016 at 09:48
6 posts
Hi Guys

Let's all comment with our NFP predictions monthly on the first friday of every month and how we think it will effect the markets...
Money is not 100% of life, it is 99% life.
theHand
Oct 05 2016 at 09:54
365 posts
Flip-flop, flip-flop, dead.

Been a very long time since NFP's done anything mate.
Chad Crouch (chad0013)
Oct 05 2016 at 10:09
6 posts
Yeah I know and I believe it is going to be more or less the same this month.
Money is not 100% of life, it is 99% life.
sekiryutei
Oct 06 2016 at 06:04
1 posts
no change around 150k for me
Chad Crouch (chad0013)
Oct 06 2016 at 06:31
6 posts
Yeah I also think it is going to be between 150k and 160k.
Money is not 100% of life, it is 99% life.
theHand
Oct 07 2016 at 04:59
365 posts
Think you're missing the point. NFP hardly has any effect on the markets anymore. Yet this morning absolutely nothing caused Gbp to go beserk.

In markets where algo's rule the old stuff is out the window.
Chad Crouch (chad0013)
Oct 07 2016 at 08:08
6 posts
Yeah I noticed that these past two months
Money is not 100% of life, it is 99% life.
theHand
Oct 07 2016 at 13:13
365 posts
Years. NFP has had one decent move in last 2 years. I don't even worry about it anymore.
Chad Crouch (chad0013)
Oct 09 2016 at 06:19
6 posts
Was on 156k today
Money is not 100% of life, it is 99% life.
MC85
Oct 25 2016 at 14:59
48 posts
Do you know any strategy how to trade effectively the Non Farm payroll?
theHand
Oct 26 2016 at 11:49
365 posts
@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.
janettte
Oct 26 2016 at 14:40
30 posts
I totally agree with you. Many people think they can win a lot in these 5 minutes, more than in a day or two. That's the reason I believe
theHand
Oct 27 2016 at 09:13
365 posts
Well - they must go for it, I'm going for the other 28 755 miuntes....
theHand
Oct 27 2016 at 09:21
365 posts
It's almost beyond my comprehension how people can be this stupid. I don't know if I should laugh or cry.
CrazyTraderfx (CrazyTrader)
Oct 27 2016 at 09:34
1718 posts
Whatever and whenever people wanna trade... what's the matter as long as you make profit?
theHand
Oct 27 2016 at 10:29
365 posts
@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.

theHand
Oct 27 2016 at 10:48
365 posts
And I must say, it's starting to look like you know nothing about fx at all.

I just don't see the mindset it requires to make fx work.
CrazyTraderfx (CrazyTrader)
Oct 27 2016 at 11:47
1718 posts
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.
theHand
Oct 28 2016 at 11:51
365 posts
It's stupid to try make pips on NFP. On my 30 pairs there over 1 000 000 value changes a day. That's easy. Waiting for a whole month for 5 minutes is insanely stupid.
CrazyTraderfx (CrazyTrader)
Nov 06 2016 at 07:33
1718 posts
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 ^^
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