Looks like you could be setting yourself up for a little sheering yourself. Hope your wool is thick or your luck is exceptional!
and funny sizes on the bid since 3 pm EST in euro 400 - 600 size on bid within 5 pips ( ticks ) to keep market off the lows ....
thought your safe strategy at globel fx is to not play anything just before the big numbers ? oh I get it ... try to take advantage of the so called stop loss no slippage offered by FXCM ? wonder if they will stop offering that one someday
with respect to the monthly jobs number. Which again is once a month along with the fact that we will only lose 30 pips to make 100 to 150 i am willing to give the guys a shot. if I didnt have guaranteed stops I would never let them do it. This number is USUALLY a straight up or straight down move so we SHOULDNT get whipped around and stopped out. It has worked 3 months in a row but you never know this one might not. especially now that I have posted it to the world!
I think the stock market and dollar are gonna whip around.. the market is prepared for anything. A high number is good for some.. and bad for others. U can make a case for both sides. Unless we get a really high number then the dollar might make a big move... 300k+ My gut tells me it will be more of a muted number... somewhere in the 200's.
guess GLOBALFXLLC is running this fx scam until football season starts up again.........what a load of shit. grimer11
GlobalFX Guys, This is true - why would anyone possibly think that taking such a position with only a 20 PIP stop in front of such major news is a good idea? What, you can see into the heads of thousands of traders, bankers and hedgers and predict how they will react? I do happen to trade FX futures and can assure anyone (from bitter experience) that this type of trading is just like betting on "black" or "red" and HOPING. T/A usually goes out the window during news reactions. Only after the dust settles can one then see that some support or resistance has been established. The highest probability on a trade like this is getting stopped out. I really can't believe you would advise other traders like this - bad advice IMO. Regards, Paul
you obviosly have never traded with GUARANTEED STOPS. take a look at what the market has done on the monthly jobs number. then tell us what you think.