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jmallx · 02-06-2005, 13:37

I'm wondering about this trade.

5 mins to NFP data going Short and Long on the Euro.
Stop loss of 20-30 pips.
Seeing as how the currencies normally head a penny (100 pips) in one direction or the other, do you think this is a way to make an easy 70-80 pips ?
Will slippage be too much?

Thanks

02-06-2005, 13:37	#1 (permalink)
jmallx level 1 Join Date: Jul 2004 Posts: 52 Rep Power: 0	Short and Long just prior to NFP data??? I'm wondering about this trade. 5 mins to NFP data going Short and Long on the Euro. Stop loss of 20-30 pips. Seeing as how the currencies normally head a penny (100 pips) in one direction or the other, do you think this is a way to make an easy 70-80 pips ? Will slippage be too much? Thanks