FNG and DTS Daily Trade Plans Summary - Wednesday, August 7 2013

[Peter O]

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Forex News Gun Trade Plan

Canada Ivey PMI - 10:00am NY time (Wednesday, August 7)

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	Traded pair	Expected figure	Deviation trigger
	USDCAD	56.2	±3.0

	Buy	USDCAD	if actual figure is or is below	53.2
	Sell	USDCAD	if actual figure is or is above	59.2

Expected move during first 30 minutes after the release is 20 pips or more.


Review historical charts where the same deviation of at least 3.0 occurred:

Canada Ivey PMI history of charts.

Once there, set filter to Difference Actual-Forecast >= 3.0 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: Canada Ivey PMI

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



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O O O
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Forex News Gun Trade Plan

Australia Employment Change - 9:30pm NY time (Wednesday, August 7)

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	Traded pair	Expected figure	Deviation trigger
	AUDUSD	6.2 (k)	±20.0 (k)

	Buy	AUDUSD	if actual figure is or is above	26.2 (k)
	Sell	AUDUSD	if actual figure is or is below	-13.8 (k)

Expected move during first 20 minutes after the release is 30 pips or more.


Review historical charts where the same deviation of at least 20.0 (k) occurred:

Australia Employment Change history of charts.

Once there, set filter to Difference Actual-Forecast >= 20.0 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: Australia Labor Force Employme

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 Employment Change - 9:30pm NY time (Wednesday, August 7)

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	Traded currency pair	:	AUDUSD
	Initial spike duration limit	:	20 seconds
	Initial spike price action threshold	:	20 pips
	Triggering retracement percentage	:	30 %
	Retracement duration limit	:	60 seconds
	Maximum trade hold time after release	:	15 minutes
	Stop loss	:	10 pips
	Take profit	:	10 pips
	Maximum spread	:	2 pips

1. If between 09:30:00pm and 09:30:20pm, so during the first 20 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 30% retracement if it doesn't take more than 60 seconds (till 09:31:00pm) – 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 20 pips during the first 20 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 09:45:00pm, 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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[ankityadav]

New Zealand Employment Change and Canada Ivey PMI

can you tell me whether the yesterday New Zealand Employment Change and todays Canada Ivey PMI hit or not as far me as concern i have set all your process for fng to get profit but it doesn't hit and it happens two times.

 

[Peter O]

can you tell me whether the yesterday New Zealand Employment Change and todays Canada Ivey PMI hit or not as far me as concern i have set all your process for fng to get profit but it doesn't hit and it happens two times.

New Zealand Employment Change didn't trigger - 0.4 came out just as expected.
Canada Ivey PMI is still coming in 90 minutes so we are waiting.

Probably you set up FNG well if no clicks had happened.

 

[Peter O]

Canada Ivey PMI just made its pips for me - hopefully worked fine for you too.

 

[leszekqwertyuiop]

hello,

i just got filled on Canada Ivey PMI on 1.04199, lost -10pip. it lokes like FNG has has a little lag. Peter, do You know why maybe? my broker max spread was 4 pips at the time and it was execute fast.

 

[ankityadav]

Fng is not working

Sir yesterday again i set up fng for Australia Employment Change news but again it not works.Sir can you plz tell me whether the news hits or not and also tell me that what you show above fng process is correct or not .

 

[Peter O]

hello,

i just got filled on Canada Ivey PMI on 1.04199, lost -10pip. it lokes like FNG has has a little lag. Peter, do You know why maybe? my broker max spread was 4 pips at the time and it was execute fast.

I think Forex News Gun client's latency can be lowered - I'm working on it in these weeks. Nevertheless, entry level depends on broker's latency also - in addition to the spread (4 pips is ok in this case as it means you entered when the bid price was at about 50% of the spike).

However, this entry wasn't so bad. Actually FNG trade plan was designed to grab the spike pips and DTS is for second wave. That is I usually close FNG trades in 30 seconds.



From this chart I see that you chose a much longer term strategy that can be fine. Nevertheless, I would have taken (and actually I took) profit at the green level because the price was stalling there, or at least I would have partialled it.

Your strategy can be profitable on longer term even if your s/l was just too tight in this case - the trend was in favor of us. Nevertheless, imho the important level in this case is the open price of the spike - and actually the retracement was a typical 61.8 hit.

 

[Peter O]

Sir yesterday again i set up fng for Australia Employment Change news but again it not works.Sir can you plz tell me whether the news hits or not and also tell me that what you show above fng process is correct or not .

Australia Employment Change non-entering interval was -13.8 –> 26.2 (trade plan).

The release came out at level -10.2 so there was no trade. (You can find release history in the calendar.)

Did you have occasion to set Canada Ivey PMI? Did it trigger for you?

 

[leszekqwertyuiop]

thanks Peter, helpful message.