Trading NFP with Market Depth- Trading the news envolves waiting for the initial move to take place and then weaken at a Resistance Pivot. Market Depth usually shows Offers exceeding Bids. A trade can be placed in the opposite direction since traders are on the wrong side of the trade. A stop can be placed above the high and target set for the next Support Pivot. See the attached chart:

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Gregory McLeod moderates the Trend of the Day thread as well as the Short Term Strategies Using Market Depth.

Enroll in our online FX Power Course today and get personalized instruction from our team of expert traders 24 hours a day. We have taught over 25,000 students and in just eight lessons, we will teach you the fundamentals of Forex trading. Click here to get more information.

14 pips scalped using Market Depth--Market Depth imbalance revealed short term support after a large spike up in the Euro.
Using 3 tiers of displayed liquidity, a 4:1 imbalance favoring Bids provided the trading opportunity that resulted in almost 14 pips.

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Gregory McLeod moderates the Trend of the Day thread as well as the Short Term Strategies Using Market Depth.

Enroll in our online FX Power Course today and get personalized instruction from our team of expert traders 24 hours a day. We have taught over 25,000 students and in just eight lessons, we will teach you the fundamentals of Forex trading. Click here to get more information.

Hello Sir ,,



Ok I am a Short Term trader so I just want to know'' THE SYSTERM Selector Do Work on 5 minute Time Firm trader Also.. and how It does work..

How I can Identify when have buy or When have to sell?

and do you have any good Advise i just want to Study more about Candle Stick.. do you ?


thank you

Hello Xiao. Thanks you for your questions. Jeremy Wagner is our Forex System Selector expert. You can find out more about FOREX SYSTEM SELECTOR by clicking HERE

CLICK HERE for candlestick Pattern lessons.

Steve Nison is an expert in Candlestick patterns. His books are very informative, CLICK HERE

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Gregory McLeod moderates the Trend of the Day thread as well as the Short Term Strategies Using Market Depth.

Enroll in our online FX Power Course today and get personalized instruction from our team of expert traders 24 hours a day. We have taught over 25,000 students and in just eight lessons, we will teach you the fundamentals of Forex trading. Click here to get more information.

Thank you Sir And It is My Pleasure to talk with you.. thank you for information Very much.


THX

You are very welcome!

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Gregory McLeod moderates the Trend of the Day thread as well as the Short Term Strategies Using Market Depth.

Enroll in our online FX Power Course today and get personalized instruction from our team of expert traders 24 hours a day. We have taught over 25,000 students and in just eight lessons, we will teach you the fundamentals of Forex trading. Click here to get more information.

sir I have Little Misunderstanding about Economy Effect of Currency Pair..

If you see Thursday relize GDP Q1 Report Up Coming. I know it Diffinently Effect the currency Pair..

but My Question and My Misunderstanding is When that Effect.. in hour or in Minute Later.. Little Wired I know But This is My Questions sir...

very Confused about that sir...


You can See on on FXCM CALENDER..


here it is SIR.

Hello Xiao. Traders usually trade in the direction of the daily trend. The daily trend is like a compass showing which direction to go.

Sometimes news comes out that may change the direction of the trend for a very short time depending on what traders feel about the announcement. If the trend is down and the news is positive, the currency could go up for a little while and then go back down in the direction of the trend. The down trend is like a man who is sleeping and he hears a loud noise (news) and wakes up a little while only to go right back to sleep. An up trend is like a man who is awake but hears soothing music that puts him to sleep only a short time but he wakes up as soon as the music is over. Focusing on trend direction is more important than analyzing the news.

If the news forces an up trend to go down, then we look to buy. If the news forces a down trend up, then we look to sell.

What the news actually means is not that important, daily trend direction is more important.

Waiting 25 minutes after an important news announcement is a way to avoid being caught in a trap.

__________________
Gregory McLeod moderates the Trend of the Day thread as well as the Short Term Strategies Using Market Depth.

Enroll in our online FX Power Course today and get personalized instruction from our team of expert traders 24 hours a day. We have taught over 25,000 students and in just eight lessons, we will teach you the fundamentals of Forex trading. Click here to get more information.

Thank you Sir!!!

And You Totally Right Sir....



I got a Brief Knowledge Again From Your Side..thank you Mr, Mcleod Sir.

And Sir, I have a Question again,'' I am a Trader and Trade IN 5 Minute Chart So I do See The Economy effect totally which Favor would Going to be.

I trade on Eur/Jpy That is My Favorite Currency, And you know Tomorrow News of US GDP Q1 = high So, It Effect All the Major Currency pair, Isnt' it Sir.

So It Also Effect My Currency EUR/JPY, What Ratio Will Hurt and WHAT UP OR DOWN.?


thank you

The recent theme has been that if there is good or not so bad economic news for the United States the U.S. dollar goes down while stock markets and other currencies like the EUR/JPY have usually gone up. So if GDP is higher than expected or not as low as forecasted then the dollar may go down as investors sell U.S. Treasuries denominated in dollars and purchase high yielding currencies and investments. If US economic news is bad, then investors become scared and buy US Treasuries and need dollars to purchase them. US Treasury debt is guaranteed by the US government so principal is protected though the yield may be small.

US housing numbers are coming out at 9 am EDT and are forecasted to be better than expected or positive. I anticipate that we will see a rally in all currencies against the dollar today.

__________________
Gregory McLeod moderates the Trend of the Day thread as well as the Short Term Strategies Using Market Depth.

Enroll in our online FX Power Course today and get personalized instruction from our team of expert traders 24 hours a day. We have taught over 25,000 students and in just eight lessons, we will teach you the fundamentals of Forex trading. Click here to get more information.

Limited out for 12 pips using Market Depth- With 12 million being BID while only 3 million being Offered a good trade was executed Long the EUR/USD at 1.3989 and limited out in 37 minutes at 1.4001 . A nice way to start the New York trading session. The Market Depth Indicator is only available for the Active Trader platform from FXCM.
Give yourself an Edge and contact an Active Trader Representative at 1-646-432-2970

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Gregory McLeod moderates the Trend of the Day thread as well as the Short Term Strategies Using Market Depth.

Enroll in our online FX Power Course today and get personalized instruction from our team of expert traders 24 hours a day. We have taught over 25,000 students and in just eight lessons, we will teach you the fundamentals of Forex trading. Click here to get more information.

Good Morning Sir




Okay I have a Question for you Mcleod Sir..12 Millions are On Bid and 3 Million are on Ask so why You think So that We should Go Long .... I mean sir there are Many trader are Selling this currency ....so Why do you think that going to be Up ...


I am Confused little Bit...could you Explain Me Little bit sir...



Thank you Very Much Mcleod Sir

The headings are inverted. Offer and bid headings are inversed. The error is being corrected as we speak. The word "BID" should be on the left and the word "OFFER" should be on the right

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Gregory McLeod moderates the Trend of the Day thread as well as the Short Term Strategies Using Market Depth.

Enroll in our online FX Power Course today and get personalized instruction from our team of expert traders 24 hours a day. We have taught over 25,000 students and in just eight lessons, we will teach you the fundamentals of Forex trading. Click here to get more information.

okay Sir...

thank you ...


umm,..


Okay as you Mention On Your Chart Now I understand what is it , but You can view on that they Moves of Bid and Ask change into in One Second, so ..


In FSS has Hourly or daily Chart type of thing...


thank you ...

When I look at the Market Depth indicator, I am looking at the bottom numbers to see a consistent imbalance between bids and offers. If the numbers are flashing randomly, I do not trade. The imbalance may hold for several minutes before I place a trade. I recommend that new users of this feature use a 5 minute price chart to observe support or resistance alongside Market Depth.

__________________
Gregory McLeod moderates the Trend of the Day thread as well as the Short Term Strategies Using Market Depth.

Enroll in our online FX Power Course today and get personalized instruction from our team of expert traders 24 hours a day. We have taught over 25,000 students and in just eight lessons, we will teach you the fundamentals of Forex trading. Click here to get more information.