Friday, April 4, 2008

Do Non-Farm Payrolls Scare You?

Last night I put on a short USD/JPY trade. Most traders wouldn't put on a trade hours before Non-Farm Payroll. However, the market is going to go where it's going to go. Obviously right now I am still holding onto that trade and ANYTHING could happen. However, I know that my methods put the expectancy in my favor. So why wouldn't I trade before NFP?

Entry: 102.49
Stop: 102.68
R: 19 pips
Target: 101.45
Risk to Reward: 5R


HPT said...

Delete that security center comment, its a spam scam.
Also, Nice to see you posting on the blog again.

Lord Tedders said...

Thanks HPT. Hope the market is treating you well.