Germany
Experience: Intermediate
Platform: Other
Trading: ES, YM, 6E
Posts: 2,668 since Feb 2013
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Unless you have some profound knowledge about possible scenarios that can unfold with important data, you'll be better off being flat then.
Around data like the NFPs, liquidity/order flow dries up (= myriads of traders are either flat or only have limits/stops outside of the market depth you can normally see) before the announcement. The thinner the remaining market depth before the data was, the more slippage you will experience after the fact when the order flow explodes and/or leads to levels of market depth that you didnt expect before. Be grateful that you had a volatility halt; it is a sure sign that you and others would have been much wider off the mark if the exchange hadn't prevented these levels.
Btw: This doesn't only apply to the ZB, but also e.g. to index and forex futures.
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