basically every major pair is just waiting on friday's nfp at this point, how are you positioning into it

[benwhitecole]

feels like every pair right now has the same story attached, usd/jpy stuck in a 155-158 range with intervention risk, gold sitting around 4060 torn between safe haven demand and rising yields, gbp coming off a rally that might not hold. all roads lead back to fridays payrolls print basically

stocks have actually been rallying the past couple days on falling yields and lower oil, kind of odd backdrop heading into a print that could reverse both of those if it comes in hot

curious how people handle NFP week differently from a normal week. do you scale back size across the board until friday, or keep trading normally and just widen stops on anything you're already in

 

[sakaida1125]

in weeks like this i just halve my size or flat out close everything and sit on my hands, rather miss a move than get carted off on some wild whipsaw when the numbers print. plenty of setups on the other side anyway.

 

[Mr.BBlackC]

I usually scale down a bit during NFP week. The setups can still work, but moves get more random and stops get hunted easier. I’d rather use smaller size with normal stops than just widen stops. Friday I usually wait for the number and reaction instead of trying to predict it.