FNG and DTS Daily Trade Plans Summary - Wednesday, March 6 2013

[Peter O]

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Forex News Gun Trade Plan

USA ADP Nonfarm Payroll - 8:15am NY time (Wednesday, March 6)

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	Traded pair	Expected figure	Deviation trigger
	USDJPY	168 (k)	±50 (k)

	Buy	USDJPY	if actual figure is or is above	218 (k)
	Sell	USDJPY	if actual figure is or is below	118 (k)

Expected move during first 20 minutes after the release is 40 pips or more.


Review historical charts where the same deviation of at least 50 (k) occurred:

USA ADP Nonfarm Payroll history of charts.

Once there, set filter to Difference Actual-Forecast >= 50 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: ADP National Employment Report

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 ADP Nonfarm Payroll - 8:15am NY time (Wednesday, March 6)

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

1. If between 08:15:00am and 08:15:15am, so during the first 15 seconds you see USDJPY move up or down by 15 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 40 seconds (till 08:15:40am) – 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 15 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 08:30:00am, 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

Canada Ivey PMI - 10:00am NY time (Wednesday, March 6)

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	Traded pair	Expected figure	Deviation trigger
	USDCAD	56.2	±2.5

	Buy	USDCAD	if actual figure is or is below	53.7
	Sell	USDCAD	if actual figure is or is above	58.7

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:

Canada Ivey 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: 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
--–––––——————————————————————————————————————–––––--

Diamonds Trading Signals Trade Plan

Canada Ivey PMI - 10:00am NY time (Wednesday, March 6)

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	Traded currency pair	:	USDCAD
	Initial spike duration limit	:	15 seconds
	Initial spike price action threshold	:	12 pips
	Triggering retracement percentage	:	50 %
	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 10:00:00am and 10:00:15am, so during the first 15 seconds you see USDCAD move up or down by 12 pips or more, then enter in the direction of the initial spike at the very first 50% retracement if it doesn't take more than 60 seconds (till 10:01:00am) – 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 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 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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[Peter O]

Hi All,

On Wednesday CAD Interest Rate comes out at 10:00am NY time. Although it's an important release I leave it out because we can focus on CAD Ivey PMI instead as it comes out at the same moment. It's very unlikely that BoC changes interest rate because of weaker economic growth - so even if they are about to do some hawkish fun sooner or later inflation doesn't make it necessary in this year. But keep your risk at moderate levels - you know, as always.

Peter

 

[fkayode]

Hi All,

On Wednesday CAD Interest Rate comes out at 10:00am NY time. Although it's an important release I leave it out because we can focus on CAD Ivey PMI instead as it comes out at the same moment. It's very unlikely that BoC changes interest rate because of weaker economic growth - so even if they are about to do some hawkish fun sooner or later inflation doesn't make it necessary in this year. But keep your risk at moderate levels - you know, as always.

Peter

Can you help with the screen settings for Crude oil with a deviation of +/- 4000 as I have lost some money due to wrong settings on it.
Thanks and really appreciate your efforts.

 

[DJG]

Thanks again Peter for your work on the application and for the trading plans , it's much appreciated .