Due to the NFP, I am pausing all my trade setups until after the NFP as I personally do not trade during the NFP. Take trades at your own risk, The NFP could easily invalidate all the trade setups. Will re-evaluate after the NFP release.
I found I traded frequently. So recently I decided to be clam to watch more. I found your analysis is right. I did a deal to watch the result. Of course, I should learn not to trade during the NFP. It will need more patience to experience this process.
EverythingForex
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Even though I trust my analysis, crazy things happen during the NFP. Sometimes irrationally. My analysis are based on rational, predictable behavior. That's why during news announcements, I halt trading. Irrational and unpredictable behavior rules.
If you trade the NFP, then you must be sure that your account can handle the wild swings. Because in the long-term, even the big movements during the NFP are inconsequential to the overall movement of the market. Look at the daily chart or monthly chart and you'll be hard pressed to pick out NFP days without knowing the dates on the chart. But my trading style and my trades are not based on such large positional trading such as on daily and monthly TF.
But if my trades and my posts help you to make better decisions, then glad I could help. Good luck!
David_Fan
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Learning more experience in a quite night is more important than the result. Of course, having a good result is better. At the same time, I should summary the experience that's the point.
EverythingForex
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LOL! It was an inexpensive experience tonight! Don't know how long you've been trading but most NFP days are much, much more wild! But If I'm not mistaken, you followed one of my trades, right? Then you did NOT lose any money, right?
Anyway, I'm here to help if you need any. Just PM me.
David_Fan
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Actually, I didn't follow you. I saw the trend and your analysis. I think you're right. I did a calculate in AB=CD pattern. So I did a small trading. I feel tonight at least there will be one harvest. Make a friend, get an experience. OF COURSE, the guess will be test that we are right.
David_Fan
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Hi EverythingForex! LOL! I should say that we are right. Our analysis was right basically. Actually the reverse appeared finally just late 20hours. I get some point from yesterday's deal, and then I quit. So this deal give me more confidence, though it didn't reversed and validated less obviously.
EverythingForex
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Hmmm....I'm not sure which market/trade post are you referring to?