ES Journal Archive (2006 - 2008)

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I know alot depends on the broker used, but does anybody have comments on slippage of stop-market orders during key numbers? I've never held through econ numbers with a stop close to market and am thinking of getting short if a decent setup appears before the NFP number... but at the same time my "low-risk" trades aren't very low risk if I lose double or triple my planned stop on a market order.
 
Quote from tommymoose:

I know alot depends on the broker used, but does anybody have comments on slippage of stop-market orders during key numbers? I've never held through econ numbers with a stop close to market and am thinking of getting short if a decent setup appears before the NFP number... but at the same time my "low-risk" trades aren't very low risk if I lose double or triple my planned stop on a market order.
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i had buy stop when market was limit down in January,when fed did did emergency cut i got 4 points off slippage and price was like 4-5 points below my stop, it was like 30 point move if i remember correctly .
 
spectre,
thanks for the article on NFP by Pring.
there can be an awful lotta squash trading off monthly data, but I know there are traders with patience and money who do it.

However, did you notice the date in the by-line: it was Sept. 11, 2007. I wonder how the NFP/12month ma looks now. and how much of drawdown prices have made since (if) the indicator crossed below it's 0.5% threshold.

It's too bad Pring did not offer average number of weeks or months from the time the signal is given until the end of the drawdown and the threshold of the lift in the market.
 
Quote from tommymoose:

I know alot depends on the broker used, but does anybody have comments on slippage of stop-market orders during key numbers? I've never held through econ numbers with a stop close to market and am thinking of getting short if a decent setup appears before the NFP number... but at the same time my "low-risk" trades aren't very low risk if I lose double or triple my planned stop on a market order.
More...
 
Quote from tommymoose:

I know alot depends on the broker used, but does anybody have comments on slippage of stop-market orders during key numbers? I've never held through econ numbers with a stop close to market and am thinking of getting short if a decent setup appears before the NFP number... but at the same time my "low-risk" trades aren't very low risk if I lose double or triple my planned stop on a market order.
More...

For Globex orders only -

There are real stop orders parked at globex.

There are also stop orders parked at your brokerage.

The one parked at your brokerage will have huge slippage in fast market condition.
 
Okay, thanks guys.

As a sidenote... if jobs number was already "leaked".... theres nothing but a negative surprise as a possibility at 8:30... huh?
 
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