News-based scalping: how do you trade NFP/CPI releases?

[Fairman]

I would really like to know how everyone trades major News events like NFP and CPI,

Care to share ideas?

[PTScalper]

In most cases i wait for that News and try to trade it against that.
And sometimes i do not trade. But you have to be prepared for higher volatility, so i keep my positions smaller than normal.

[FTtrader]

I do not trade it, because its too big volatility for me

On another hand i prefer time to time trade it day after.

[Fairman]

I also think it’s best to avoid trading news in general

[PTScalper]

I got it

[Fairman]

I got it

I think news trading is mainly for gamblers

The last high volatility NFP news that was released last week took out both buyers and sellers

There was a particular video I saw on a social media platform where a guy and his friend were both max buying XAUUSD and they were in good profits, all of a sudden under 1 second their accounts cleared and they were both shocked to the extent that one threw his phone away from the shock

I’m sure the screen broke too

[PTScalper]

Wow, cool story.
I didn’t see that video,
Can you share it here?
IT would be interested

From my point of view if i want to trade NFP, i have to be prepared to have SL like 200 pips at least, do not max leverage

[Fairman]

Wow, cool story.
I didn’t see that video,
Can you share it here?
IT would be interested

From my point of view if i want to trade NFP, i have to be prepared to have SL like 200 pips at least, do not max leverage

Haha 200 pips is a lot

It’s not advisable to even trade news except you have insider knowledge

[PTScalper]

Wow, cool story.
I didn’t see that video,
Can you share it here?
IT would be interested

From my point of view if i want to trade NFP, i have to be prepared to have SL like 200 pips at least, do not max leverage

Haha 200 pips is a lot

It’s not advisable to even trade news except you have insider knowledge

Yeah, thats why i do not paste orders before, but i trade in most cases reaction on that news after first moves

So i allready know, what is going on, plus in most cases news traders after several minutes will start to withdraw profits, so there is higher chance of retracement.