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NFP Predictions

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.

CrazyTrader (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.

CrazyTrader (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.

CrazyTrader (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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