Stavro D'Amore
Former FPA Special Consultant
- Messages
- 547
Hello Forex Family! 
Please find my trade plan bellow.
US CORE Retail Sales
Forecast 0.2%
Previous 0.6%
Pair to trade: USD/JPY
Estimated Pips: 30 pips on initial spike
The numbers we will look for:
BUY USD/JPY at 0.7%
SELL USD/JPY at -0.3%
Economical Impact: High (will bring strong volatility)
Typical Result: Good for currency
Occurrence: Released monthly, about 20 days after the month ends
About our Triggers:
We will be looking for a deviation of 0.5 % to BUY USD/JPY and -0.5 to SELL USD/JPY.
If our deviation is hit, there is a strong possibility that the market will move 30 pips on spike immediately; there is a good chance that we will get a 30% retracement before entering if we miss the spike.
What is it? Why does the market care?
Core Retail Sales measures the change in the total value of sales at the retail level in the U.S., excluding automobiles. It is an important indicator of consumer spending and is also considered as a pace indicator for the U.S. economy.
A higher than expected reading should be taken as positive/bullish for the USD
A lower than expected reading should be taken as negative/bearish for the USD.
Method I use to trade this:
Stavro D’Amore Trading Method
See Felix Descriptions
Indicator Descriptions
Pre News
There is no pre news for this release
Spike Trading
I do recommend spike trading as an option if you have an Auto clicker.
Please use limit orders or bounds set to 15 pip entry
After Spike
I will look for a 20% retracement in the original spike before entering a trade; I will close half my position as soon as I hit the original high point of the first initial spike and place a SL at entry price.
My TP level would be just before a resistance level or if the chart decides to form a support level, looking at a 15 minute chart time frame. I expect to be in this trade for a total of 20 mins.
Historical Chart and Data US CORE Retail Sales
All the best
Stavro D’Amore
Please find my trade plan bellow.
US CORE Retail Sales
Forecast 0.2%
Previous 0.6%
Pair to trade: USD/JPY
Estimated Pips: 30 pips on initial spike
The numbers we will look for:
BUY USD/JPY at 0.7%
SELL USD/JPY at -0.3%
Economical Impact: High (will bring strong volatility)
Typical Result: Good for currency
Occurrence: Released monthly, about 20 days after the month ends
About our Triggers:
We will be looking for a deviation of 0.5 % to BUY USD/JPY and -0.5 to SELL USD/JPY.
If our deviation is hit, there is a strong possibility that the market will move 30 pips on spike immediately; there is a good chance that we will get a 30% retracement before entering if we miss the spike.
What is it? Why does the market care?
Core Retail Sales measures the change in the total value of sales at the retail level in the U.S., excluding automobiles. It is an important indicator of consumer spending and is also considered as a pace indicator for the U.S. economy.
A higher than expected reading should be taken as positive/bullish for the USD
A lower than expected reading should be taken as negative/bearish for the USD.
Method I use to trade this:
Stavro D’Amore Trading Method
See Felix Descriptions
Indicator Descriptions
Pre News
There is no pre news for this release
Spike Trading
I do recommend spike trading as an option if you have an Auto clicker.
Please use limit orders or bounds set to 15 pip entry
After Spike
I will look for a 20% retracement in the original spike before entering a trade; I will close half my position as soon as I hit the original high point of the first initial spike and place a SL at entry price.
My TP level would be just before a resistance level or if the chart decides to form a support level, looking at a 15 minute chart time frame. I expect to be in this trade for a total of 20 mins.
Historical Chart and Data US CORE Retail Sales
All the best
Stavro D’Amore
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