FNG and DTS Daily Trade Plans Summary - Tuesday, March 5 2013

[Peter O]

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Diamonds Trading Signals Trade Plan

UK Services PMI - 4:28am NY time (Tuesday, March 5)

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	Traded currency pair	:	GBPUSD
	Initial spike duration limit	:	30 seconds
	Initial spike price action threshold	:	12 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

1. If between 04:28:00am and 04:28:30am, so during the first 30 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 40% retracement if it doesn't take more than 90 seconds (till 04:29:30am) – 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 04:48:00am, 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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O O O
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Forex News Gun Trade Plan

USA Non-Manufacturing PMI - 10:00am NY time (Tuesday, March 5)

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	Traded pair	Expected figure	Deviation trigger
	USDJPY	55.0	±2.5

	Buy	USDJPY	if actual figure is or is above	57.5
	Sell	USDJPY	if actual figure is or is below	52.5

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 Non-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 Non-Manufacturing Composite

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



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O O O
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Diamonds Trading Signals Trade Plan

USA Non-Manufacturing PMI - 10:00am NY time (Tuesday, March 5)

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	Traded currency pair	:	USDJPY
	Initial spike duration limit	:	30 seconds
	Initial spike price action threshold	:	12 pips
	Triggering retracement percentage	:	40 %
	Retracement duration limit	:	90 seconds
	Maximum trade hold time after release	:	15 minutes
	Stop loss	:	10 pips
	Take profit	:	10 pips
	Maximum spread	:	2 pips

1. If between 10:00:00am and 10:00:30am, so during the first 30 seconds you see USDJPY move up or down by 12 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.
   
   
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 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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O O O
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Forex News Gun Trade Plan

Australia GDP - 7:30pm NY time (Tuesday, March 5)

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	Traded pair	Expected figure	Deviation trigger
	AUDUSD	0.6 (%)	±0.3 (%)

	Buy	AUDUSD	if actual figure is or is above	0.9 (%)
	Sell	AUDUSD	if actual figure is or is below	0.3 (%)

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:



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O O O
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Diamonds Trading Signals Trade Plan

Australia GDP - 7:30pm NY time (Tuesday, March 5)

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	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 07:30:00pm and 07:30:10pm, 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 07:31:00pm) – 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 07:50:00pm, 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.

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