Monday, January 29, 2007
Forex day trading system - Its Non Farm Payroll Time again
Forex day trading system - Its Non Farm Payroll Time again
This friday is 2-feb-2007 and guess what its NFP time again..One of the most volatile 15 min. in any particular forex calender month..The average pip move is in the range of 100-150 pips in just few min. when the news come out..
No wonder its one of the most favourite time for some of the traders and for rest its about the time when they would like to stay away from the market.
Speaking on that, people use differnt ways to decide how to stay away from fundamental announcements..Some stay from for the duration 30 min prior to declaration of fundamental announcements such as NFP or FOMC declaration etc. to 30 min. after the fundamental announcement.. The idea behind this is market should calm down from the extreme volatility.
Some people don't place a trade 1 candletick prior and the candlestick of the fundamental announcement..
In all these forex day trading syatem strategy that you have read on my site, you'll learn that the timing behind placing trade is that the trade should be placed using technical analysis and indicator such as EMA, RSI, stochastics, MACD, fibonacci or even parabolic SAR etc is to place the trade when the market is optimally volatile, but should not be over volatile as that time market is very risky..
Thats all in today's session..Visit again to learn more.
This friday is 2-feb-2007 and guess what its NFP time again..One of the most volatile 15 min. in any particular forex calender month..The average pip move is in the range of 100-150 pips in just few min. when the news come out..
No wonder its one of the most favourite time for some of the traders and for rest its about the time when they would like to stay away from the market.
Speaking on that, people use differnt ways to decide how to stay away from fundamental announcements..Some stay from for the duration 30 min prior to declaration of fundamental announcements such as NFP or FOMC declaration etc. to 30 min. after the fundamental announcement.. The idea behind this is market should calm down from the extreme volatility.
Some people don't place a trade 1 candletick prior and the candlestick of the fundamental announcement..
In all these forex day trading syatem strategy that you have read on my site, you'll learn that the timing behind placing trade is that the trade should be placed using technical analysis and indicator such as EMA, RSI, stochastics, MACD, fibonacci or even parabolic SAR etc is to place the trade when the market is optimally volatile, but should not be over volatile as that time market is very risky..
Thats all in today's session..Visit again to learn more.
Comments:
<< Home
i'm planning to start trading in the forex market because i really need some extra cash. i don't have a lot of money 2 start with just $150 borrowed. i wuld really like 2 have u as a mentor, n adviser or smthing. u can contact me at yungnflii@yahoo.com
Post a Comment
# posted by 
: 6:33 PM
: 6:33 PM<< Home
