Forex News Trading Plans for Week 31, Jul 26 – Aug 1 2015

[Chibuzor Okoye]

do you live in abj ?

I used to. Hmm! Do I know you?

 

[Pdre]

Hi guys. Today there was the "Unemployment Change (GERMANY)" at 03:55 o'lock.

Forecast: -5K
Actual: 9K

Actual was tremendous worse than forecast. (Increase of unemployment in Germany than expected decrease.)

So you would have placed a sell order on EUR. But EUR went up! It went up against JPY and USD, as I checked in the chart.

Why that? Is there any explanation? Those people here trading live, did you end up in a loss?

Regards

 

[Monoda]

Hi guys. Today there was the "Unemployment Change (GERMANY)" at 03:55 o'lock.

Forecast: -5K
Actual: 9K

Actual was tremendous worse than forecast. (Increase of unemployment in Germany than expected decrease.)

So you would have placed a sell order on EUR. But EUR went up! It went up against JPY and USD, as I checked in the chart.

Why that? Is there any explanation? Those people here trading live, did you end up in a loss?

Regards

its because the news is of low impact, most technical analysis as at the point is pointing UP so it difficult for the LOW IMPACT news such as Unemployment Change (GERMANY) to change the cause of the market.

 

[Monoda]

I used to. Hmm! Do I know you?

Its Ben, Lagos

 

[Pdre]

its because the news is of low impact, most technical analysis as at the point is pointing UP so it difficult for the LOW IMPACT news such as Unemployment Change (GERMANY) to change the cause of the market.

Some economical calendards defined it as high impact news, Fpa economical calendar didn't (it's mid impact), and high impact in Fng. But obviously it wasn't.

 

[Pdre]

"US GDP Annulized" some minutes ago at 08:30 o'clock.
Actual worse than expected, so put a sell order. First move was in the right direction (USD down), but it came back and closed in USD up.
Maybe because of some profit targets got executed?

But no luck in trading this news as binary option. Would have been a loss. Any hints on that?

Seems like it's not yet that easy, put a sell order when actual is worse than expected, put a buy order when actual is better than expected :/.

 

[Joh]

"US GDP Annulized" some minutes ago at 08:30 o'clock.
Actual worse than expected, so put a sell order. First move was in the right direction (USD down), but it came back and closed in USD up.
Maybe because of some profit targets got executed?

But no luck in trading this news as binary option. Would have been a loss. Any hints on that?

Seems like it's not yet that easy, put a sell order when actual is worse than expected, put a buy order when actual is better than expected :/.

Took the diamond method approach after reading/checking the deviation!! first, therefore took profit.
It may help you read the Diamond Method section i found that most helpful Peter goes into great detail, however all set and done FNG or any other method occasionally endures a loss, nothing is 100% full proof.
Jarratt Davis has some video's going re this and that includes how brokers handle these situations, you can listen to for free , they are brilliant - Good Luck.

 

[wakeel86]

FNG down CAD GDP tomorrow

 

[marz]

Reboot server please, fng just stopped working... The second time in a week, i hope next week will be better

 

[Monoda]

"US GDP Annulized" some minutes ago at 08:30 o'clock.
Actual worse than expected, so put a sell order. First move was in the right direction (USD down), but it came back and closed in USD up.
Maybe because of some profit targets got executed?

But no luck in trading this news as binary option. Would have been a loss. Any hints on that?

Seems like it's not yet that easy, put a sell order when actual is worse than expected, put a buy order when actual is better than expected :/.

which binary broker do you use ?