Forex Trading Signals Summary - Wednesday, April 6 2016

Peter O

Special Consultant to the FPA
Messages
4,744

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​

Canada Ivey PMI ⋯ 10:00am NY time (Wednesday, April 6)

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Traded pairExpected figureDeviation trigger
USDCAD55.0±3.0
BuyUSDCADif actual figure is or is below52.0
SellUSDCADif actual figure is or is above58.0

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


Review historical charts where the same deviation of at least 3.0 occurred:​

Canada Ivey PMI history of charts.​




⋯⋯⋯⋯⋯ 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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Last edited by a moderator:
Just FYI Peter; perhaps I missed something, but the "New York" time widget is an hour ahead of our actual time. The widget says it is "3:11:41 AM DST". I live about an hour & a half from NYC. The time was actually "2:11:41 AM EDT". Is it incorrect for a reason? (I'm aware other countries haven't switched times yet)

Sorry for being a bother.... And Thank You so much for your daily write-ups on the news events! I've actually learned more from you than I learned from a big 10MB eBook I'd found online on "Trading the News"! Actually, the eBook IS a bit dated, (2003) and appears to be a, less than ideal, translation from Russian, so... ;)
 
Hi,

I have a small question concerning a "bug" with the signal of purchase for this trade, with FNG.
The signal of purchase started at 4 pm 00 min 38 sec, while the announcement has be made at 4pm 00min 00sec.
Can you explain this delay of the signal of 38sec ?

Thanks very much

ptauss
 
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