Do you still trade the NFP report?

Written by Raul Lopez on . Posted in Trades & Analysis

Ahhh remember those days when the EURUSD could move 200 pips in a few minutes after the Non-farm payrolls announcement?

I do… lots of traders used the straddle technique, placing stop entry orders on both sides:

  • Buy order a few pips above the market
  • Sell order a few pips below the market

One of the orders would trigger and done for the day!

Those days…

But they are gone now…

Now the market wildly reacts to the news announcement, it goes up, then down, it could trigger both orders and you end up with two losing positions. It’s no longer a feasible strategy.

That’s why I wanted to ask you:

Do you still trade the NFP report?

Let me know!

By the way… I’m holding my GBPAUD trade through the NFP report. I’ve got a good amount of pips on my favor.

Have a great weekend!

Raul Lopez
Forex Training

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Raul Lopez

I've been trading the forex market for more than 11 years. All my trades are based on price action. Check out my Forex Coaching program, I can help you develop a system that helps you trade consistently.
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Raul Lopez Forex

Trading should be simple

I like to trade using simple tools such as support and resistance levels, candlesticks, price action and others. If you like simplicity, you'll love my Forex Coaching. Read more about me.

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