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Forex News Gun Trade Plan
USA New Home Sales - 10:00am NY time (Tuesday, February 26)
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| Traded pair | Expected figure | Deviation trigger | ||
| USDJPY | 385 (k) | ±70 (k) |
| Buy | USDJPY | if actual figure is or is above | 455 (k) | ||
| Sell | USDJPY | if actual figure is or is below | 315 (k) |
Expected move during first 30 minutes after the release is 20 pips or more.
Review historical charts where the same deviation of at least 70 (k) occurred:
USA New Home Sales history of charts.
Once there, set filter to Difference Actual-Forecast >= 70 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: USA New One Family Houses Sold
Clicks: first row is for Sell USDJPY button, second one is for Buy USDJPY button:
Special note: there are two rows in FNG client with this release name. This is an exeptional issue; both absolute and percentage change of New Homes Sales have the same name (because of maximized name length) and since click settings are bound to names whichever you set will apply for both rows. This is why I set 101 as 'Range From' for the 'below' interval. This avoids trigger of percentage change.
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O O O
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Diamonds Trading Signals Trade Plan
USA New Home Sales - 10:00am NY time (Tuesday, February 26)
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Review historical charts where the same deviation of at least 70 (k) occurred:
USA New Home Sales history of charts.
Once there, set filter to Difference Actual-Forecast >= 70 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: USA New One Family Houses Sold
Clicks: first row is for Sell USDJPY button, second one is for Buy USDJPY button:
Special note: there are two rows in FNG client with this release name. This is an exeptional issue; both absolute and percentage change of New Homes Sales have the same name (because of maximized name length) and since click settings are bound to names whichever you set will apply for both rows. This is why I set 101 as 'Range From' for the 'below' interval. This avoids trigger of percentage change.
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O O O
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Diamonds Trading Signals Trade Plan
USA New Home Sales - 10:00am NY time (Tuesday, February 26)
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| Traded currency pair | : | USDJPY | ||
| Initial spike duration limit | : | 30 seconds | ||
| Initial spike price action threshold | : | 10 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 |
- If between 10:00:00am and 10:00:30am, so during the first 30 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 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.
- If the move either up or down was less than 10 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 10:20:00am, 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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