FNG and DTS Daily Trade Plans Summary - Friday, August 9 2013

[Peter O]

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Forex News Gun Trade Plan

Canada Employment Change - 8:30am NY time (Friday, August 9)

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	Traded pair	Expected figure	Deviation trigger
	CADJPY	10.0 (k)	±20.0 (k)

	Buy	CADJPY	if actual figure is or is above	30.0 (k)
	Sell	CADJPY	if actual figure is or is below	-10.0 (k)

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


Review historical charts where the same deviation of at least 20.0 (k) occurred:

Canada Employment Change history of charts.

Once there, set filter to Difference Actual-Forecast >= 20.0 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: STCA Canada Net Change in Labo

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



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[marcuskay]

Peter, I'd like to say there is a big speed improvement this time, as the Canada Employment Change data came out very sharp at 8:30:00 from FNG this time. My "Sell" button was clicked sharply at 8:30:00. It was great!

However, I still entered around the bottom of the first spike because of the broker's delay (filled at 8:30:04) and spread (it moved too fast for me to remember). I managed to get out quickly with 2 pips gain by luck before the price reversed. It is quite frustrating. To trade with FNG, we need a broker with fast execution and low spread.

Peter, which broker are you using / would you recommend?

BTW, I started trading with DTS lately based on your suggestions, and it worked out quite well for me. Thank you very much for your tips. Really appreciate that.

 

[Peter O]

It's good to hear that you get the signal in time also. Hmm, perhaps it's a good idea to write a tool for MT4 that registers FNG (and DTS) parameters and trader would be able to follow the whole process with delays, spread and so... (a note made).

I don't want to be specific about brokers because it's not fair for ones I leave out. ECNs/NDDs (STPs) seem better choice in this case.