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NFP prediction
ok, I will be updating this thread once per month - lol
I wrote an algorithm which has correctly predicted NFP direction (but not size of movement) 8 out 9 times so far this year (I dont have any data that is older than 12 months so 9 months is as far back as I can go unfortuntely)
I have traded the last NFP 3 times entering before the news and 2 of those 3 were right (but one was wrong - oh well!)
So, lets see if this is all luck or not....
BTW, the algorithm takes into account a lot of factors, such as patterns from previous NFP's, weekly jobless numbers etc etc etc
lol
right now the model is expecting a weakening of USD, I will post final direction prediction 20-30 mins before NFP
I would be thrilled if it could get 75% accuracy, will probably end up making 100-200 pips on the days its right and losing 50-100 on the days its wrong
I am also especially dubious about tommorow NFP anyways because it is final big news before election (call me a conspiracy geek)
good luck all
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