I was away yesterday afternoon and evening so the live video was left overnight but pc decided to reboot and lost it! So here’s a review of what I did yesterday…
Hi Charlie,
I noted at NFP yesterday that USDJPY, USDCHF, EURUSD and GBPUSD were all driven by the news release to areas where they would reverse ie. all four pairs were effectively giving a dollar sell signal.
Under these types of circumstances ( not uncommon, by the way) do you place a mini trade (quarter size) on all fair pairs to sell the dollar or do you focus on the one that is most attractive to you at the time and just sell the dollar on that one ( eg full size on USDJPY). Or, do you treat all the pairs completely separately and just place a full size trade on each one as they are giving you a signal according to your strategy?
Non Farm Payrol trading review…
I was away yesterday afternoon and evening so the live video was left overnight but pc decided to reboot and lost it! So here’s a review of what I did yesterday…
2 Comments
Hi Charlie,
I noted at NFP yesterday that USDJPY, USDCHF, EURUSD and GBPUSD were all driven by the news release to areas where they would reverse ie. all four pairs were effectively giving a dollar sell signal.
Under these types of circumstances ( not uncommon, by the way) do you place a mini trade (quarter size) on all fair pairs to sell the dollar or do you focus on the one that is most attractive to you at the time and just sell the dollar on that one ( eg full size on USDJPY). Or, do you treat all the pairs completely separately and just place a full size trade on each one as they are giving you a signal according to your strategy?
If I saw that situation I would likely just pick two of the pairs rather than all 4…