Forex Trading Signals Summary - Tuesday, February 14 2017

Peter O

Special Consultant to the FPA
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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 CPI ⋯ 4:30am NY time (Tuesday, February 14)

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Traded pairExpected figureDeviation trigger
GBPUSD1.9 (%)±0.3 (%)
BuyGBPUSDif actual figure is or is above2.2 (%)
SellGBPUSDif actual figure is or is below1.6 (%)

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


Review historical charts where the same deviation of at least 0.3 (%) occurred:​

UK CPI history of charts.​




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Release name in FNG client: UK CPI EU Harmonized YoY

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



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Diamonds Trading Signals Trade Plan​

UK CPI ⋯ 4:30am NY time (Tuesday, February 14)

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Traded currency pairGBPUSD
Initial spike duration limit20 seconds
Initial spike price action threshold15 pips
Triggering retracement percentage50 %
Retracement duration limit60 seconds
Maximum trade hold time after release15 minutes
Stop loss10 pips
Take profit10 pips
Maximum spread2 pips


  1. If between 04:30:00am and 04:30:20am, so during the first 20 seconds you see GBPUSD move up or down by 15 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 04:31:00am) – 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 15 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 04:45:00am, 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.


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