FNG and DTS Daily Trade Plans Summary - Friday, April 12 2013

[Peter O]

--–––––——————————————————————————————————————–––––--

Forex News Gun Trade Plan

USA Core Retail Sales - 8:30am NY time (Friday, April 12)

--–––––————————————————————–––––--​

	Traded pair	Expected figure	Deviation trigger
	USDJPY	0.2 (%)	±0.5 (%)

	Buy	USDJPY	if actual figure is or is above	0.7 (%)
	Sell	USDJPY	if actual figure is or is below	-0.3 (%)

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


Review historical charts where the same deviation of at least 0.5 (%) occurred:

USA Core Retail Sales history of charts.

Once there, set filter to Difference Actual-Forecast >= 0.5 and click "Filter" to see list of charts.


To review Forex News Gun step by step trade plan go to weekly detailed posts.


--–––––————— FNG Configuration —————–––––--

Release name in FNG client: US Adjusted Retail Sales Less Autos

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



--–––––——————————————————————————————————————–––––--
O O O
--–––––——————————————————————————————————————–––––--

Diamonds Trading Signals Trade Plan

USA Core Retail Sales - 8:30am NY time (Friday, April 12)

--–––––————————————————————–––––--​

	Traded currency pair	:	USDJPY
	Initial spike duration limit	:	15 seconds
	Initial spike price action threshold	:	8 pips
	Triggering retracement percentage	:	35 %
	Retracement duration limit	:	40 seconds
	Maximum trade hold time after release	:	15 minutes
	Stop loss	:	8 pips
	Take profit	:	8 pips
	Maximum spread	:	2 pips

1. If between 08:30:00am and 08:30:15am, so during the first 15 seconds you see USDJPY move up or down by 8 pips or more, then enter in the direction of the initial spike at the very first 35% 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 8 pips, and set take/profit at 8 pips immediately.
   
   
2. If the move either up or down was less than 8 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 08:45:00am, 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.

To review Diamonds Trading Signals more detailed trade plan go to weekly posts.

--–––––——————————————————————————————————————–––––--​

 

[nepal]

Thank you Peter.

 

[DJG]

Good day Peter, and thanks for your help with the trading plans. there seems to be something wrong with the program today, the date/time columns are empty with some empty vertical columns. The program is still working without any other obvious issues . I just wonder if the data stream will be affected in anyway .

Thanks again,
DJG

 

[DJG]

Peter, there is a problem with the program, it isn't working .

Thanks again.

 

[Peter O]

It sometimes happens that a kind of connections issue comes in but mostly gets fixed before release time.

Peter, there is a problem with the program, it isn't working .

Thanks again.