We are waiting for NFP, 5 more minutes. Normally at this news, prior market trend is useless, it could reverse anytime, also the news could be useless, market could react differently in both direction.
My plan is, follow the trend, buy the pull back and short the pop. Be aware of the resist and support to take profit, don't use them as entry.
support:
1.4265, 1.4250, 1.4217, 1.4000, 1.3800
resist:
1.4600, 1.4500, 1.4483, 1.4446, 1.4400, 1.4380, 1.4340
Update: I'm still alive, but I'm very very very pissed. As I didn't follow my plan and risked about 200 pip at the worst case, only come back with 20 pips gain. This is pure gambling, there are some reason behind it.
1: buying isn't easy in an uptrend, as your order don't get hit, but shorts get filled nicely.
2: Didn't cut my loser, even worse, moved stop!
3: Still trade normal size while the market moves 2 or 3 times faster than normal, I notice the market is tough right after the news, my order got rejected by Oanda couple minutes as it was too busy. I thought only retail traders using Oanda, and pros only use direct line.
Anyway, more chat to come and we will see it better.
+42
NFP news release is crazy :)
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