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Diamonds Trading Signals Trade Plan
UK Manufacturing PMI - 4:28am NY time (Thursday, August 1)
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Traded currency pair | : | GBPUSD | ||
Initial spike duration limit | : | 20 seconds | ||
Initial spike price action threshold | : | 10 pips | ||
Triggering retracement percentage | : | 50 % | ||
Retracement duration limit | : | 40 seconds | ||
Maximum trade hold time after release | : | 10 minutes | ||
Stop loss | : | 10 pips | ||
Take profit | : | 10 pips | ||
Maximum spread | : | 2 pips |
- If between 04:28:00am and 04:28:20am, 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 04:28:40am) – and if spread is at 2 pips or less. Set stop/loss at 10 pips, and set take/profit at 10 pips immediately.
- 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.
- If by 04:38:00am, 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.
To review Diamonds Trading Signals more detailed trade plan go to weekly posts.
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Forex News Gun Trade Plan
UK Interest Rate - 7:00am NY time (Thursday, August 1)
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Forex News Gun Trade Plan
UK Interest Rate - 7:00am NY time (Thursday, August 1)
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Traded pair | Expected figure | Deviation trigger | ||
GBPUSD | 0.50 (%) | ±0.25 (%) |
Buy | GBPUSD | if actual figure is or is above | 0.75 (%) | ||
Sell | GBPUSD | if actual figure is or is below | 0.25 (%) |
Expected move during first 30 minutes after the release is 40 pips or more.
Review historical charts where the same deviation of at least 0.25 (%) occurred:
UK Interest Rate history of charts.
Once there, set filter to Difference Actual-Forecast >= 0.25 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: UK Bank of England Official Ba
Clicks: first row is for Sell GBPUSD button, second one is for Buy GBPUSD button:
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Forex News Gun Trade Plan
EU Interest Rate - 7:45am NY time (Thursday, August 1)
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Review historical charts where the same deviation of at least 0.25 (%) occurred:
UK Interest Rate history of charts.
Once there, set filter to Difference Actual-Forecast >= 0.25 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: UK Bank of England Official Ba
Clicks: first row is for Sell GBPUSD button, second one is for Buy GBPUSD button:
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Forex News Gun Trade Plan
EU Interest Rate - 7:45am NY time (Thursday, August 1)
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Traded pair | Expected figure | Deviation trigger | ||
EURGBP | 0.50 (%) | ±0.25 (%) |
Buy | EURGBP | if actual figure is or is above | 0.75 (%) | ||
Sell | EURGBP | if actual figure is or is below | 0.25 (%) |
Expected move during first 20 minutes after the release is 30 pips or more.
Review historical charts where the same deviation of at least 0.25 (%) occurred:
EU Interest Rate history of charts.
Once there, set filter to Difference Actual-Forecast >= 0.25 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: ECB Main Refinancing Rate
Clicks: first row is for Sell EURGBP button, second one is for Buy EURGBP button:
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Diamonds Trading Signals Trade Plan
EU Interest Rate - 7:45am NY time (Thursday, August 1)
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Review historical charts where the same deviation of at least 0.25 (%) occurred:
EU Interest Rate history of charts.
Once there, set filter to Difference Actual-Forecast >= 0.25 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: ECB Main Refinancing Rate
Clicks: first row is for Sell EURGBP button, second one is for Buy EURGBP button:
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Diamonds Trading Signals Trade Plan
EU Interest Rate - 7:45am NY time (Thursday, August 1)
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Traded currency pair | : | EURGBP | ||
Initial spike duration limit | : | 30 seconds | ||
Initial spike price action threshold | : | 12 pips | ||
Triggering retracement percentage | : | 45 % | ||
Retracement duration limit | : | 60 seconds | ||
Maximum trade hold time after release | : | 20 minutes | ||
Stop loss | : | 10 pips | ||
Take profit | : | 10 pips | ||
Maximum spread | : | 2 pips |
- If between 07:45:00am and 07:45:30am, so during the first 30 seconds you see EURGBP move up or down by 12 pips or more, then enter in the direction of the initial spike at the very first 45% retracement if it doesn't take more than 60 seconds (till 07:46:00am) – and if spread is at 2 pips or less. Set stop/loss at 10 pips, and set take/profit at 10 pips immediately.
- 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.
- If by 08:05:00am, 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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Forex News Gun Trade Plan
USA Manufacturing PMI - 10:00am NY time (Thursday, August 1)
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Forex News Gun Trade Plan
USA Manufacturing PMI - 10:00am NY time (Thursday, August 1)
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Traded pair | Expected figure | Deviation trigger | ||
USDJPY | 51.5 | ±2.5 |
Buy | USDJPY | if actual figure is or is above | 54.0 | ||
Sell | USDJPY | if actual figure is or is below | 49.0 |
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.
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 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 (Thursday, August 1)
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Review historical charts where the same deviation of at least 2.5 occurred:
USA 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 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 (Thursday, August 1)
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Traded currency pair | : | USDJPY | ||
Initial spike duration limit | : | 15 seconds | ||
Initial spike price action threshold | : | 10 pips | ||
Triggering retracement percentage | : | 50 % | ||
Retracement duration limit | : | 60 seconds | ||
Maximum trade hold time after release | : | 15 minutes | ||
Stop loss | : | 10 pips | ||
Take profit | : | 10 pips | ||
Maximum spread | : | 2 pips |
- 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.
- 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.
- 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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