FNG and DTS Daily Trade Plans Summary - Thursday, March 7 2013

[Peter O]

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Forex News Gun Trade Plan

UK Interest Rate - 7:00am NY time (Thursday, March 7)

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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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O O O
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Forex News Gun Trade Plan

EU Interest Rate - 7:45am NY time (Thursday, March 7)

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	Traded pair	Expected figure	Deviation trigger
	EURGBP	0.75 (%)	±0.25 (%)

	Buy	EURGBP	if actual figure is or is above	1.00 (%)
	Sell	EURGBP	if actual figure is or is below	0.50 (%)

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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O O O
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Diamonds Trading Signals Trade Plan

EU Interest Rate - 7:45am NY time (Thursday, March 7)

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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

1. 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.
   
   
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 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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