FNG and DTS Daily Trade Plans Summary - Monday, August 5 2013

[Peter O]

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Diamonds Trading Signals Trade Plan

UK Services PMI - 4:28am NY time (Monday, August 5)

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	Traded currency pair	:	GBPUSD
	Initial spike duration limit	:	30 seconds
	Initial spike price action threshold	:	12 pips
	Triggering retracement percentage	:	40 %
	Retracement duration limit	:	90 seconds
	Maximum trade hold time after release	:	20 minutes
	Stop loss	:	10 pips
	Take profit	:	10 pips
	Maximum spread	:	2 pips

1. If between 04:28:00am and 04:28:30am, so during the first 30 seconds you see GBPUSD move up or down by 12 pips or more, then enter in the direction of the initial spike at the very first 40% retracement if it doesn't take more than 90 seconds (till 04:29:30am) – 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 30 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 04:48:00am, 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.

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

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O O O
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Forex News Gun Trade Plan

USA Non-Manufacturing PMI - 10:00am NY time (Monday, August 5)

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	Traded pair	Expected figure	Deviation trigger
	USDJPY	53.0	±2.5

	Buy	USDJPY	if actual figure is or is above	55.5
	Sell	USDJPY	if actual figure is or is below	50.5

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 Non-Manufacturing PMI history of charts.

Once there, set filter to Difference Actual-Forecast >= 2.5 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: ISM Non-Manufacturing Composite

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



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O O O
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Diamonds Trading Signals Trade Plan

USA Non-Manufacturing PMI - 10:00am NY time (Monday, August 5)

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	Traded currency pair	:	USDJPY
	Initial spike duration limit	:	30 seconds
	Initial spike price action threshold	:	12 pips
	Triggering retracement percentage	:	40 %
	Retracement duration limit	:	90 seconds
	Maximum trade hold time after release	:	15 minutes
	Stop loss	:	10 pips
	Take profit	:	10 pips
	Maximum spread	:	2 pips

1. If between 10:00:00am and 10:00:30am, so during the first 30 seconds you see USDJPY move up or down by 12 pips or more, then enter in the direction of the initial spike at the very first 40% retracement if it doesn't take more than 90 seconds (till 10:01:30am) – 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 30 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.

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

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[ganiyu wahab]

fng client is not clicking on us ism news

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please something is wrong with fng client .despite the fact that US ISM trigger is met at 56 the fng client did not click.please i will like to make the best use of the application...............wahab ganiyu​

 

[Peter O]

As FNG worked fine for me just now the first I can propose is to test its clicks by using built-in timer. You can find details on Questions and Answers page.

Shortly, after setting a click you can test whether it clicks or not by setting timer for it and by clicking 'Test' button. It will trigger each click but instead of calculating incoming figures it will apply timer - so all clicks will be triggered after clicking 'Test' button with specified milliseconds, seconds, minutes, and hours. Be sure not to point to 'Buy' or 'Sell' buttons during this test especially on a live account. (I usually use other applications from the taskbar.)