FNG and DTS Daily Trade Plans Summary - Thursday, August 15 2013

Peter O

Special Consultant to the FPA
Messages
4,785

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

Forex News Gun Trade Plan

UK Retail Sales - 4:30am NY time (Thursday, August 15)

--–––––————————————————————–––––--​

Traded pairExpected figureDeviation trigger
GBPUSD0.6 (%)±0.4 (%)
BuyGBPUSDif actual figure is or is above1.0 (%)
SellGBPUSDif actual figure is or is below0.2 (%)

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


Review historical charts where the same deviation of at least 0.4 (%) occurred:

UK Retail Sales history of charts.

Once there, set filter to Difference Actual-Forecast >= 0.4 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 Retail Sales (MoM)

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



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

Diamonds Trading Signals Trade Plan

UK Retail Sales - 4:30am NY time (Thursday, August 15)

--–––––————————————————————–––––--​

Traded currency pair:GBPUSD
Initial spike duration limit:15 seconds
Initial spike price action threshold:12 pips
Triggering retracement percentage:35 %
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


  1. If between 04:30:00am and 04:30:15am, so during the first 15 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 35% 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 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 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.

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

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

Forex News Gun Trade Plan

USA Core CPI - 8:30am NY time (Thursday, August 15)

--–––––————————————————————–––––--​

Traded pairExpected figureDeviation trigger
USDJPY0.2 (%)±0.3 (%)
BuyUSDJPYif actual figure is or is above0.5 (%)
SellUSDJPYif actual figure is or is below-0.1 (%)

Expected move during first 30 minutes after the release is 25 pips or more.


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

USA Core CPI history of charts.

Once there, set filter to Difference Actual-Forecast >= 0.3 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: CPI Ex Food & Energy M/M

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



--–––––——————————————————————————————————————–––––--​
 
Last edited by a moderator:
Back
Top