FNG and DTS Daily Trade Plans Summary - Tuesday, June 4 2013

Peter O

Special Consultant to the FPA
Messages
4,785

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

Forex News Gun Trade Plan

Australia Interest Rate - 12:30am NY time (Tuesday, June 4)

--–––––————————————————————–––––--​

Traded pairExpected figureDeviation trigger
AUDUSD2.75 (%)±0.25 (%)
BuyAUDUSDif actual figure is or is above3.00 (%)
SellAUDUSDif actual figure is or is below2.50 (%)

Expected move during first 45 minutes after the release is 50 pips or more.


Review historical charts where the same deviation of at least 0.25 (%) occurred:

Australia 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: Aussie Rate Decision

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



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

Diamonds Trading Signals Trade Plan

Australia Interest Rate - 12:30am NY time (Tuesday, June 4)

--–––––————————————————————–––––--​

Traded currency pair:AUDUSD
Initial spike duration limit:15 seconds
Initial spike price action threshold:20 pips
Triggering retracement percentage:35 %
Retracement duration limit:60 seconds
Maximum trade hold time after release:15 minutes
Stop loss:15 pips
Take profit:15 pips
Maximum spread:3 pips


  1. If between 12:30:00am and 12:30:15am, so during the first 15 seconds you see AUDUSD move up or down by 20 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 60 seconds (till 12:31:00am) – and if spread is at 3 pips or less. Set stop/loss at 15 pips, and set take/profit at 15 pips immediately.

  2. If the move either up or down was less than 20 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 12:45:00am, 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.

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

Forex News Gun Trade Plan

Australia GDP - 9:30pm NY time (Tuesday, June 4)

--–––––————————————————————–––––--​

Traded pairExpected figureDeviation trigger
AUDUSD0.8 (%)±0.3 (%)
BuyAUDUSDif actual figure is or is above1.1 (%)
SellAUDUSDif actual figure is or is below0.5 (%)

Expected move during first 45 minutes after the release is 50 pips or more.


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

Australia GDP 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: AUD GDP q/q

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



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

Diamonds Trading Signals Trade Plan

Australia GDP - 9:30pm NY time (Tuesday, June 4)

--–––––————————————————————–––––--​

Traded currency pair:AUDUSD
Initial spike duration limit:10 seconds
Initial spike price action threshold:25 pips
Triggering retracement percentage:30 %
Retracement duration limit:60 seconds
Maximum trade hold time after release:20 minutes
Stop loss:15 pips
Take profit:15 pips
Maximum spread:3 pips


  1. If between 09:30:00pm and 09:30:10pm, so during the first 10 seconds you see AUDUSD move up or down by 25 pips or more, then enter in the direction of the initial spike at the very first 30% retracement if it doesn't take more than 60 seconds (till 09:31:00pm) – and if spread is at 3 pips or less. Set stop/loss at 15 pips, and set take/profit at 15 pips immediately.

  2. If the move either up or down was less than 25 pips during the first 10 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 09:50:00pm, 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.

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