петък, 1 юни 2012 г.

US Non-Farm Employment Change – Change in the number of employed people in the last month, excluding the farming industry

EUR/JPY, USD/JPY           

There are two trades today worthy of consideration, but before we consider them, we should be aware of the big picture. Due largely to the continuing mess in Europe, both the GBP/USD and EUR/JPY (the pairs we will be trading tomorrow) have been on huge downward pushes.
There are lots of factors that play into trade decisions when the markets are in this condition, but a good rule of thumb is to trade only in the direction of the trend. The Straddle has a feature called sellOnly. Simply find sellOnly and set it to y. This will cause it to only enter a pending sell order. I fear if these come out as buys, we will see a spike up but hard spike back down due to all the sell orders that are evidently piled up above the current prices. 
It’s possible we could get a buy on one of these and there could be a big spike up, but I’d rather advise you to do a sell only and take the requisite verbal abuse for having advised wrongly than to have us all in on a buy that whipsaws and takes us all to the cleaners. Plus the odds of a buy for the NFP seem extremely small to me.

1 коментар: