Forex Trading Signals Summary - Thursday, November 7 2013

[Peter O]

What is news trading? How does forex news trading work?​

Forex News Trading can be extremely profitable if you have an understanding of fundamental analysis and have access to low latency forex trading software. Sounds too complex or expensive? Do not worry, Forex Peace Army analyst will help you to identify high-probability tradable economic news reports and advise on the trading strategy. Best of all: Forex News Gun - automated forex trading software is free for all. You find all details on Forex News Gun forum and if you want make pips easier you can find additional tools at Forex Tactical Squad.

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Forex News Gun Trade Plan

UK Interest Rate - 7:00am NY time (Thursday, November 7)

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	Traded pair	Expected figure	Deviation trigger
	GBPUSD	0.50 (%)	±0.25 (%)

	Buy	GBPUSD	if actual figure is or is above	0.75 (%)
	Sell	GBPUSD	if actual figure is or is below	0.25 (%)

Expected move during first 30 minutes after the release is 40 pips or more.


Review historical charts where the same deviation of at least 0.25 (%) occurred:

UK Interest Rate history of charts.

Once there, set filter to Difference Actual-Forecast >= 0.25 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: UK Bank of England Official Ba

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




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O O O
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Forex News Gun Trade Plan

EU Interest Rate - 7:45am NY time (Thursday, November 7)

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	Traded pair	Expected figure	Deviation trigger
	EURGBP	0.50 (%)	±0.25 (%)

	Buy	EURGBP	if actual figure is or is above	0.75 (%)
	Sell	EURGBP	if actual figure is or is below	0.25 (%)

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


Review historical charts where the same deviation of at least 0.25 (%) occurred:

EU Interest Rate history of charts.

Once there, set filter to Difference Actual-Forecast >= 0.25 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: ECB Main Refinancing Rate

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




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O O O
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Diamonds Trading Signals Trade Plan

EU Interest Rate - 7:45am NY time (Thursday, November 7)

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	Traded currency pair	:	EURGBP
	Initial spike duration limit	:	30 seconds
	Initial spike price action threshold	:	12 pips
	Triggering retracement percentage	:	45 %
	Retracement duration limit	:	60 seconds
	Maximum trade hold time after release	:	20 minutes
	Stop loss	:	10 pips
	Take profit	:	10 pips
	Maximum spread	:	2 pips

1. If between 07:45:00am and 07:45:30am, so during the first 30 seconds you see EURGBP move up or down by 12 pips or more, then enter in the direction of the initial spike at the very first 45% retracement if it doesn't take more than 60 seconds (till 07:46:00am) – 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 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 08:05:00am, 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 GDP - 8:30am NY time (Thursday, November 7)

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	Traded pair	Expected figure	Deviation trigger
	USDJPY	2.0 (%)	±0.5 (%)

	Buy	USDJPY	if actual figure is or is above	2.5 (%)
	Sell	USDJPY	if actual figure is or is below	1.5 (%)

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


Review historical charts where the same deviation of at least 0.5 (%) occurred:

USA GDP history of charts.

Once there, set filter to Difference Actual-Forecast >= 0.5 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: US GDP Annualized

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 GDP - 8:30am NY time (Thursday, November 7)

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	Traded currency pair	:	USDJPY
	Initial spike duration limit	:	30 seconds
	Initial spike price action threshold	:	10 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 08:30:00am and 08:30:30am, so during the first 30 seconds you see USDJPY move up or down by 10 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 08:31:30am) – 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 10 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 08:45:00am, 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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[rofi93]

i'm new in this forum..i want to know what is deviation triggure and expected figure and how to find them out...where will i find these figures??

 

[Peter O]

i'm new in this forum..i want to know what is deviation triggure and expected figure and how to find them out...where will i find these figures??

Hi,

Deviation is an experimental difference between forecast (expected) and outcoming actual value. If it is big, market participants get surprised as they have estimated currency value differently. Deviation trigger comes from historical analysis by answering the question: how big difference surprises the market enough to get a significant spike? These are my deviation numbers in trade plans and I use a quite conservative strategy. You can do experiments with them, however, I tend to trade only the best opportunities.

Peter