Gambling on nfp data

Discussion in 'Trading' started by oilfxpro, May 4, 2012.

  1. The suckers are bound to lose when brokers widen spreads.

    Trading nfp using bots made money only in one year , results are presented.On nfp several sets of mixed data are released with revised figures for earlier data.

    One sure way to bet on blowing your account by trading nfp.
     
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  2. I was watching the futures when nfp #s came out. Initially market sold off ~0.3% on the bad numbers, but then it went green as some thought bad employment figures meant more QE. It only stayed green for a few minutes, then gradually selling down again. By the market open, it was gap down ~ 0.5% and all downhill from there, at least for today.

    It's difficult to know how markets will react (or ignore) to economic reports in a centrally planned economy. For many months, any bad news was good for stocks, and, of course, good news had driven stocks higher.
     
  3. All small stop traders would have had stops taken out.
     
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