Dear fellow traders,
This will be one
of the most important message of this week. Because, the NFP or Non Farm
Payrolls are on its way, and this means... high volatility!
And where high
volatility is, there are huge winners, and terrible losers. With this post, I
will try to help you to survive this week.
So, the NFP is coming,
and no one knows exactly what will happen, expect the us government. I read
some articles last week about the coming NFP and they are... bad. Not bad in
the way that the numbers will be below the expected ones, no. Bad in the way of
below the last number, the numbers are declining. They are going lower and
lower, and the dollar is suffering of a bit of weakness now.
Because of this
number, many predictors are bullish when the NFP comes. I do recommend to close
your trades before the results come, and put orders at your trader to buy AND
sell at a certain rate. Don't be afraid for a false breakout, make sure to put
the order not to close to the current rate, for Forex this is about 20
pips away, for gold around 3/5.
On the day itself,
look at how the rate is going, most of the times when these numbers come out,
the rate will go the different way of where the price was going
originally. Be aware of that, and also the market is very thin, so only people
and not companies are pushing the currencies up or down. The "big
ones" will wait and put the trade at the right time to give us the right direction.
Please be safe,
and hope for the best to come!
Vince Roestenburg
BusinezzTime
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