Friday, January 7, 2011

Post-NFP (1)


Trader32 said...

Hi Forexbird,

I notice on this chart, you got out of the first trade at -3.9, yet it appears you held on in the second trade, even though it dropped by a similar margin. I am mistaken or is this the case? If so, could you explain why?



The forexbird said...

You are right, on the second i gave more room to the trade, as the 4 pips of initial stop were too tight for post-NFP conditions.

trader32 said...

OK, thanks.

Harbhajan said...

Post NFP can be one of the easiest time to trade or can be worst dependent upon which side we are on, if we are able to work out well then we could get excellent chance of profits but at the same time and wrong move and it can into losing. I am at the moment trading with OctaFX where I get good chance of making profits right through out any major events or even after it due to the low spread of just 0.2 pips that is charged.