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NFP Predictions
Anggota Sejak Sep 30, 2014
1 pos
Oct 26, 2016 at 11:49
(diedit Oct 26, 2016 at 12:01)
Anggota Sejak Sep 20, 2014
365 pos
@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.
Anggota Sejak Nov 21, 2011
1718 pos
Oct 27, 2016 at 10:29
Anggota Sejak Sep 20, 2014
365 pos
@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.
Anggota Sejak Nov 21, 2011
1718 pos
Anggota Sejak Nov 21, 2011
1718 pos
Nov 06, 2016 at 07:33
Anggota Sejak Nov 21, 2011
1718 pos
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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