Forex Trading Signals Summary - Tuesday, December 1 2015

Peter O

Special Consultant to the FPA
Messages
4,744

What is news trading? How does forex news trading work?

Forex News Trading can be extremely profitable if you have an understanding of fundamental analysis and have access to low latency forex trading software. Sounds too complex or expensive? Do not worry, Forex Peace Army analyst will help you to identify high-probability tradable economic news reports and advise on the trading strategy. Best of all: Forex News Gun - automated forex trading software is free for all. You find all details on Forex News Gun forum and if you want make pips easier you can find additional tools at Forex Tactical Squad.

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Diamonds Trading Signals Trade Plan​

UK Manufacturing PMI ⋯ 4:30am NY time (Tuesday, December 1)

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Traded currency pairGBPUSD
Initial spike duration limit20 seconds
Initial spike price action threshold10 pips
Triggering retracement percentage50 %
Retracement duration limit40 seconds
Maximum trade hold time after release10 minutes
Stop loss10 pips
Take profit10 pips
Maximum spread2 pips


  1. If between 04:30:00am and 04:30:20am, so during the first 20 seconds you see GBPUSD move up or down by 10 pips or more, then enter in the direction of the initial spike at the very first 50% retracement if it doesn't take more than 40 seconds (till 04:30:40am) – and if spread is at 2 pips or less. Set stop/loss at 10 pips, and set take/profit at 10 pips immediately.

  2. If the move either up or down was less than 10 pips during the first 20 seconds, then the actual number of the report did not generate sufficient interest in the market, and you simply skip the trade.

  3. If by 04:40:00am, so 10 minutes after the report release, neither your stop/loss nor your take/profit points were hit, then close the trade automatically at market price of the time.


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Forex News Gun Trade Plan​

Canada GDP ⋯ 8:30am NY time (Tuesday, December 1)

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Traded pairExpected figureDeviation trigger
USDCAD0.1 (%)±0.3 (%)
BuyUSDCADif actual figure is or is below-0.2 (%)
SellUSDCADif actual figure is or is above0.4 (%)

Expected move during first 30 minutes after the release is 30 pips or more.


Review historical charts where the same deviation of at least 0.3 (%) occurred:​

Canada GDP history of charts.​




⋯⋯⋯⋯⋯ FNG Configuration ⋯⋯⋯⋯⋯​

Release name in FNG client: STCA Canada GDP All Industries

Clicks: first row is for Buy USDCAD button, second one is for Sell USDCAD button:​



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Diamonds Trading Signals Trade Plan​

Canada GDP ⋯ 8:30am NY time (Tuesday, December 1)

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Traded currency pairUSDCAD
Initial spike duration limit15 seconds
Initial spike price action threshold12 pips
Triggering retracement percentage30 %
Retracement duration limit40 seconds
Maximum trade hold time after release10 minutes
Stop loss10 pips
Take profit10 pips
Maximum spread2 pips


  1. If between 08:30:00am and 08:30:15am, so during the first 15 seconds you see USDCAD move up or down by 12 pips or more, then enter in the direction of the initial spike at the very first 30% retracement if it doesn't take more than 40 seconds (till 08:30:40am) – and if spread is at 2 pips or less. Set stop/loss at 10 pips, and set take/profit at 10 pips immediately.

  2. If the move either up or down was less than 12 pips during the first 15 seconds, then the actual number of the report did not generate sufficient interest in the market, and you simply skip the trade.

  3. If by 08:40:00am, so 10 minutes after the report release, neither your stop/loss nor your take/profit points were hit, then close the trade automatically at market price of the time.


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Forex News Gun Trade Plan​

USA Manufacturing PMI ⋯ 10:00am NY time (Tuesday, December 1)

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Traded pairExpected figureDeviation trigger
USDJPY50.5±2.5
BuyUSDJPYif actual figure is or is above53.0
SellUSDJPYif actual figure is or is below48.0

Expected move during first 30 minutes after the release is 20 pips or more.


Review historical charts where the same deviation of at least 2.5 occurred:​

USA Manufacturing PMI history of charts.​




⋯⋯⋯⋯⋯ FNG Configuration ⋯⋯⋯⋯⋯​

Release name in FNG client: ISM Manufacturing PMI

Clicks: first row is for Sell USDJPY button, second one is for Buy USDJPY button:​



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Diamonds Trading Signals Trade Plan​

USA Manufacturing PMI ⋯ 10:00am NY time (Tuesday, December 1)

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Traded currency pairUSDJPY
Initial spike duration limit15 seconds
Initial spike price action threshold10 pips
Triggering retracement percentage50 %
Retracement duration limit60 seconds
Maximum trade hold time after release15 minutes
Stop loss10 pips
Take profit10 pips
Maximum spread2 pips


  1. If between 10:00:00am and 10:00:15am, so during the first 15 seconds you see USDJPY move up or down by 10 pips or more, then enter in the direction of the initial spike at the very first 50% retracement if it doesn't take more than 60 seconds (till 10:01:00am) – and if spread is at 2 pips or less. Set stop/loss at 10 pips, and set take/profit at 10 pips immediately.

  2. If the move either up or down was less than 10 pips during the first 15 seconds, then the actual number of the report did not generate sufficient interest in the market, and you simply skip the trade.

  3. If by 10:15:00am, so 15 minutes after the report release, neither your stop/loss nor your take/profit points were hit, then close the trade automatically at market price of the time.


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Forex News Gun Trade Plan​

Australia GDP ⋯ 7:30pm NY time (Tuesday, December 1)

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Traded pairExpected figureDeviation trigger
AUDUSD0.7 (%)±0.3 (%)
BuyAUDUSDif actual figure is or is above1.0 (%)
SellAUDUSDif actual figure is or is below0.4 (%)

Expected move during first 45 minutes after the release is 50 pips or more.


Review historical charts where the same deviation of at least 0.3 (%) occurred:​

Australia GDP history of charts.​




⋯⋯⋯⋯⋯ FNG Configuration ⋯⋯⋯⋯⋯​

Release name in FNG client: AUD GDP q/q

Clicks: first row is for Sell AUDUSD button, second one is for Buy AUDUSD button:​



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Diamonds Trading Signals Trade Plan​

Australia GDP ⋯ 7:30pm NY time (Tuesday, December 1)

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Traded currency pairAUDUSD
Initial spike duration limit10 seconds
Initial spike price action threshold25 pips
Triggering retracement percentage30 %
Retracement duration limit60 seconds
Maximum trade hold time after release20 minutes
Stop loss15 pips
Take profit15 pips
Maximum spread3 pips


  1. If between 07:30:00pm and 07:30:10pm, so during the first 10 seconds you see AUDUSD move up or down by 25 pips or more, then enter in the direction of the initial spike at the very first 30% retracement if it doesn't take more than 60 seconds (till 07:31:00pm) – and if spread is at 3 pips or less. Set stop/loss at 15 pips, and set take/profit at 15 pips immediately.

  2. If the move either up or down was less than 25 pips during the first 10 seconds, then the actual number of the report did not generate sufficient interest in the market, and you simply skip the trade.

  3. If by 07:50:00pm, so 20 minutes after the report release, neither your stop/loss nor your take/profit points were hit, then close the trade automatically at market price of the time.


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Last edited by a moderator:
Thank you Peter for all these trades again - Sensational!
Have a great trading day everybody :)
 
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