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Thread: FNG and DTS Trade Plans for Week 31, Jul 28 – Aug 3 2013

  1. #1
    Peter O is offline Special Consultant to the FPA
    Join Date
    Jan 2013
    Posts
    899

    Default FNG and DTS Trade Plans for Week 31, Jul 28 – Aug 3 2013

    Hello Fellow Traders,

    On the next week (July 28 - August 3) we have 9 tradable releases:


    -–––—————   Wednesday, July 31   —————–––-
    (brief summary)
    USA ADP Nonfarm Payroll 8:15am NY time FNG + DTS
    Canada GDP 8:30am NY time FNG + DTS
    USA GDP 8:30am NY time FNG + DTS
    USA Interest Rate 2:00pm NY time FNG


    -–––—————   Thursday, August 1   —————–––-
    (brief summary)
    UK Manufacturing PMI 4:28am NY time DTS
    UK Interest Rate 7:00am NY time FNG
    EU Interest Rate 7:45am NY time FNG + DTS
    USA Manufacturing PMI 10:00am NY time FNG + DTS


    -–––—————   Friday, August 2   —————–––-
    (brief summary)
    USA Nonfarm Payroll 8:30am NY time FNG + DTS



    Sincerely,
    Peter
    Last edited by Peter O; 08-01-2013 at 12:38 AM.
    Joh likes this.

  2. #2
    Peter O is offline Special Consultant to the FPA
    Join Date
    Jan 2013
    Posts
    899

    Default


    --–––––——————————————————————————————————————–– –––--

    Forex News Gun Trade Plan

    USA ADP Nonfarm Payroll    -    8:15am NY time   (Wednesday, July 31)

    --–––––————————————————————–––––--

    Traded pair Expected figure Deviation trigger
    USDJPY 180 (k) ±50 (k)
    Buy USDJPY if actual figure is or is above 230 (k)
    Sell USDJPY if actual figure is or is below 130 (k)

    Expected move during first 20 minutes after the release is 40 pips or more.


    --–––––—————   FNG Configuration   —————–––––--

    Release name in FNG client: ADP National Employment Report

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




    --–––––—————   Detailed Trade Plan   —————–––––--

    1. Start trade terminal
    - Open your trade terminal and open an order sending dialog with Buy and Sell buttons.
    - Select USDJPY pair.
    - Set your lot size - use your constant risk level on balance.

    2. Start Forex News Gun client
    - Open your Forex News Gun client (fng.exe for Windows and fng.jar for Mac) and click 'Connect...'.
    - Drag the FNG window aside in order to make trade terminal's Buy and Sell buttons visible.

    3. Set a click
    - Click the 'Set Click' button in the row of USA ADP Nonfarm Payroll.
    - Double click on first row's 'Range To' cell. Type '130' and hit Enter.
    - Click first row's 'Click Location' button.
    - Drag the mouse cursor over the terminal's Sell button but don't click. We just show FNG where it is by pressing 'S' key while mouse cursor is over the Sell button. You will see the screen coordinates appearing in the FNG client.
    - Double click on second row's 'Range From' cell. Type '230' and hit Enter.
    - Drag the mouse cursor over the terminal's Buy button but don't click. Press 'S' key there to register button location in FNG client.
    - Click OK on this 'Set Clicks' window

    4. Keep trading environment intact
    - Make sure that your pc, trade terminal and FNG client is running at the time of the release: Wednesday, July 31, 8:15am NY time.
    - Make sure that trade terminal's Buy and Sell buttons are visible at that time in order to catch screen clicks from FNG client.

    Now you have an automated news trading entry environment that will enter the market in a fraction of a second if this release figure hits the deviation. Nevertheless, don't forget to be at the PC at the time of the release in order to manage your position and to take that pips on the first spike that lasts no longer than several minutes.

    I cannot tell you where to exit in relation to your entry, because entries during news vary greatly, due to different spreads, slippage, and other factors. For this reason, it’s extremely important that you review historical charts for USA ADP Nonfarm Payroll, where the same deviation of at least 50 occurred. Click here to see such history: USA ADP Nonfarm Payroll history of charts.

    Once there, set filter to Difference Actual-Forecast >= 50 and click "Filter" to see list of charts.

    If the release figure doesn't hit the deviation then FNG client won't click so you can either close it or set the next release. In this case don't forget to change currency pair if needed according to the new release details. Don't be surprised if most of the releases don't trigger. This is a conservative strategy and according to my statistics only every 4th or 5th release opens a position by hitting the deviation.

    You can try to make money "while you sleep" with this. To do that, set it up on stable computer or server with stable internet connection, and pre-set your stop/loss and take/profit targets with your broker. As long as the platform and FNG remain open, your trade will be executed and exited automatically.

    To get even more creative with FNG, when setting up clicks, you can set up first click instantly on let’s say "Buy". Then you can set up second click with let’s say 20 minutes delay on let’s say "Sell" to automatically close your buy trade 20 minutes later. To do that, simply put 20 into the MM field next to the second click, and identify the "Sell" location. HH stands for hours. MM stands for minutes. SS stands for seconds. MS stands for milliseconds. The software will delay any click by your specified desired time parameters.

    Due to so many releases not hitting the specified parameters, and due to them being released at such different time frames, being able to set it up, and leave it on auto-pilot may be attractive to some people, though it will be more risky.

    --–––––——————————————————————————————————————–– –––--
    O  O  O
    --–––––——————————————————————————————————————–– –––--

    Diamonds Trading Signals Trade Plan

    USA ADP Nonfarm Payroll    -    8:15am NY time   (Wednesday, July 31)

    --–––––————————————————————–––––--

    Traded currency pair : USDJPY
    Initial spike duration limit : 15 seconds
    Initial spike price action threshold : 15 pips
    Triggering retracement percentage : 40 %
    Retracement duration limit : 40 seconds
    Maximum trade hold time after release : 15 minutes
    Stop loss : 10 pips
    Take profit : 10 pips
    Maximum spread : 2 pips


    1. Set up single click execution on your broker platform, and if possible, pre-determine default stop/loss and default take/profit to 10 pips, so that when you click to execute your order, your platform will automatically set your stop/loss and take/profit at 10 pips from your entry price. Do not try this with brokers that don’t offer single click execution.

      If your platform does not allow to pre-determine default stop/loss and take/profit, then after entering the trade, simply set the stop/loss and take/profit points manually.

    2. Pull up either tick, 1-second, 3-second, or 5-second chart, and at 08:14:45am, so 15 seconds before the announcement, start paying very close attention to the price action of USDJPY on your chart.

    3. If between 08:15:00am and 08:15:15am, so during the first 15 seconds after the report, you see USDJPY move up or down by 15 pips or more, then enter in the direction of the initial spike at the very first 40% retracement if it occurs in 40 seconds from release time (till 08:15:40am) – and if spread at the time of your entry is at 2 pips or less. Set stop/loss at 10 pips, and set take/profit at 10 pips.

      The retracement will happen within seconds. Don’t draw anything on your chart, and don’t try to get a perfect entry. As soon as you see approximately 40% retracement on your chart, compared to the initial spike, click to enter without any hesitation.

      If the move either up or down was less than 15 pips during the first 15 seconds, then the actual number of the report did not generate sufficient interest in the market, and you simply skip the trade. If your spread at the time of desired entry is more than 2 pips, then skip the trade.

    4. If by 08:30:00am, 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.



    Previous Example: on July 5 2012, at 8:15am, USA ADP Nonfarm Payroll number was released, so in the first 7 seconds, the price of USDJPY spiked up by 25.9 pips from 79.671 to 79.930. Then price started retracing, and within about 25 seconds retraced to 40% level of 79.826. So you would Buy at 79.826, set a stop/loss at 79.726, and set a take/profit at 79.926. 7 minutes after the report the take/profit was hit yielding 8.0 pips of profit, given that your spread at the time of the entry was at exactly 2 pips.


    Be patient, and do at least 20 "second wave" trades, before getting frustrated and quitting.

    Once you become good at it, you will be able to win on average 7 to 8 out of 10 trades.

    Keep win to loss ratio at 1:1. Tweak it only after you are consistently profitable with 1:1.

    Remember, it does not matter whether you make or lose 10 pips or 100 pips on a trade. What matters is how much money you make or lose on a trade. When risking 10 pips, simply put up 10 times more lots than you would when you risk 100 pips, and at the end you will make or lose the same amount of money. Yes, spread to pips targeted ratio matters, but these news "second wave" moves have such high probability of success that they somehow make up for the very high spread to pips targeted ratio (2 to 10), which is a small miracle in itself.


    --–––––——————————————————————————————————————–– –––--
    O  O  O
    --–––––——————————————————————————————————————–– –––--

    Forex News Gun Trade Plan

    Canada GDP    -    8:30am NY time   (Wednesday, July 31)

    --–––––————————————————————–––––--

    Traded pair Expected figure Deviation trigger
    USDCAD 0.2 (%) ±0.3 (%)
    Buy USDCAD if actual figure is or is below -0.1 (%)
    Sell USDCAD if actual figure is or is above 0.5 (%)

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


    --–––––—————   FNG Configuration   —————–––––--

    Release name in FNG client: STCA Canada GDP All Industries

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




    --–––––—————   Detailed Trade Plan   —————–––––--

    1. Start trade terminal
    - Open your trade terminal and open an order sending dialog with Buy and Sell buttons.
    - Select USDCAD pair.
    - Set your lot size - use your constant risk level on balance.

    2. Start Forex News Gun client
    - Open your Forex News Gun client (fng.exe for Windows and fng.jar for Mac) and click 'Connect...'.
    - Drag the FNG window aside in order to make trade terminal's Buy and Sell buttons visible.

    3. Set a click
    - Click the 'Set Click' button in the row of Canada GDP.
    - Double click on first row's 'Range To' cell. Type '-0.1' and hit Enter.
    - Click first row's 'Click Location' button.
    - Drag the mouse cursor over the terminal's Buy button but don't click. We just show FNG where it is by pressing 'S' key while mouse cursor is over the Buy button. You will see the screen coordinates appearing in the FNG client.
    - Double click on second row's 'Range From' cell. Type '0.5' and hit Enter.
    - Drag the mouse cursor over the terminal's Sell button but don't click. Press 'S' key there to register button location in FNG client.
    - Click OK on this 'Set Clicks' window

    4. Keep trading environment intact
    - Make sure that your pc, trade terminal and FNG client is running at the time of the release: Wednesday, July 31, 8:30am NY time.
    - Make sure that trade terminal's Buy and Sell buttons are visible at that time in order to catch screen clicks from FNG client.

    Now you have an automated news trading entry environment that will enter the market in a fraction of a second if this release figure hits the deviation. Nevertheless, don't forget to be at the PC at the time of the release in order to manage your position and to take that pips on the first spike that lasts no longer than several minutes.

    I cannot tell you where to exit in relation to your entry, because entries during news vary greatly, due to different spreads, slippage, and other factors. For this reason, it’s extremely important that you review historical charts for Canada GDP, where the same deviation of at least 0.3 occurred. Click here to see such history: Canada GDP history of charts.

    Once there, set filter to Difference Actual-Forecast >= 0.3 and click "Filter" to see list of charts.

    If the release figure doesn't hit the deviation then FNG client won't click so you can either close it or set the next release. In this case don't forget to change currency pair if needed according to the new release details. Don't be surprised if most of the releases don't trigger. This is a conservative strategy and according to my statistics only every 4th or 5th release opens a position by hitting the deviation.

    You can try to make money "while you sleep" with this. To do that, set it up on stable computer or server with stable internet connection, and pre-set your stop/loss and take/profit targets with your broker. As long as the platform and FNG remain open, your trade will be executed and exited automatically.

    To get even more creative with FNG, when setting up clicks, you can set up first click instantly on let’s say "Buy". Then you can set up second click with let’s say 20 minutes delay on let’s say "Sell" to automatically close your buy trade 20 minutes later. To do that, simply put 20 into the MM field next to the second click, and identify the "Sell" location. HH stands for hours. MM stands for minutes. SS stands for seconds. MS stands for milliseconds. The software will delay any click by your specified desired time parameters.

    Due to so many releases not hitting the specified parameters, and due to them being released at such different time frames, being able to set it up, and leave it on auto-pilot may be attractive to some people, though it will be more risky.

    --–––––——————————————————————————————————————–– –––--
    O  O  O
    --–––––——————————————————————————————————————–– –––--

    Diamonds Trading Signals Trade Plan

    Canada GDP    -    8:30am NY time   (Wednesday, July 31)

    --–––––————————————————————–––––--

    Traded currency pair : USDCAD
    Initial spike duration limit : 15 seconds
    Initial spike price action threshold : 12 pips
    Triggering retracement percentage : 30 %
    Retracement duration limit : 40 seconds
    Maximum trade hold time after release : 10 minutes
    Stop loss : 10 pips
    Take profit : 10 pips
    Maximum spread : 2 pips


    1. Set up single click execution on your broker platform, and if possible, pre-determine default stop/loss and default take/profit to 10 pips, so that when you click to execute your order, your platform will automatically set your stop/loss and take/profit at 10 pips from your entry price. Do not try this with brokers that don’t offer single click execution.

      If your platform does not allow to pre-determine default stop/loss and take/profit, then after entering the trade, simply set the stop/loss and take/profit points manually.

    2. Pull up either tick, 1-second, 3-second, or 5-second chart, and at 08:29:45am, so 15 seconds before the announcement, start paying very close attention to the price action of USDCAD on your chart.

    3. If between 08:30:00am and 08:30:15am, so during the first 15 seconds after the report, you see USDCAD move up or down by 12 pips or more, then enter in the direction of the initial spike at the very first 30% retracement if it occurs in 40 seconds from release time (till 08:30:40am) – and if spread at the time of your entry is at 2 pips or less. Set stop/loss at 10 pips, and set take/profit at 10 pips.

      The retracement will happen within seconds. Don’t draw anything on your chart, and don’t try to get a perfect entry. As soon as you see approximately 30% retracement on your chart, compared to the initial spike, click to enter without any hesitation.

      If the move either up or down was less than 12 pips during the first 15 seconds, then the actual number of the report did not generate sufficient interest in the market, and you simply skip the trade. If your spread at the time of desired entry is more than 2 pips, then skip the trade.

    4. If by 08:40:00am, so 10 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.



    Previous Example: on April 30 2012, at 8:30am, Canada GDP number was released, so in the first 7 seconds, the price of USDCAD spiked up by 20.7 pips from 0.98297 to 0.98504. Then price started retracing, and within about 11 seconds retraced to 30% level of 0.98441. So you would Buy at 0.98441, set a stop/loss at 0.98341, and set a take/profit at 0.98541. 3 minutes after the report the take/profit was hit yielding 8.0 pips of profit, given that your spread at the time of the entry was at exactly 2 pips.


    Be patient, and do at least 20 "second wave" trades, before getting frustrated and quitting.

    Once you become good at it, you will be able to win on average 7 to 8 out of 10 trades.

    Keep win to loss ratio at 1:1. Tweak it only after you are consistently profitable with 1:1.

    Remember, it does not matter whether you make or lose 10 pips or 100 pips on a trade. What matters is how much money you make or lose on a trade. When risking 10 pips, simply put up 10 times more lots than you would when you risk 100 pips, and at the end you will make or lose the same amount of money. Yes, spread to pips targeted ratio matters, but these news "second wave" moves have such high probability of success that they somehow make up for the very high spread to pips targeted ratio (2 to 10), which is a small miracle in itself.


    --–––––——————————————————————————————————————–– –––--
    O  O  O
    --–––––——————————————————————————————————————–– –––--

    Forex News Gun Trade Plan

    USA GDP    -    8:30am NY time   (Wednesday, July 31)

    --–––––————————————————————–––––--

    Traded pair Expected figure Deviation trigger
    USDJPY 1.2 (%) ±0.5 (%)
    Buy USDJPY if actual figure is or is above 1.7 (%)
    Sell USDJPY if actual figure is or is below 0.7 (%)

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


    --–––––—————   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:




    --–––––—————   Detailed Trade Plan   —————–––––--

    1. Start trade terminal
    - Open your trade terminal and open an order sending dialog with Buy and Sell buttons.
    - Select USDJPY pair.
    - Set your lot size - use your constant risk level on balance.

    2. Start Forex News Gun client
    - Open your Forex News Gun client (fng.exe for Windows and fng.jar for Mac) and click 'Connect...'.
    - Drag the FNG window aside in order to make trade terminal's Buy and Sell buttons visible.

    3. Set a click
    - Click the 'Set Click' button in the row of USA GDP.
    - Double click on first row's 'Range To' cell. Type '0.7' and hit Enter.
    - Click first row's 'Click Location' button.
    - Drag the mouse cursor over the terminal's Sell button but don't click. We just show FNG where it is by pressing 'S' key while mouse cursor is over the Sell button. You will see the screen coordinates appearing in the FNG client.
    - Double click on second row's 'Range From' cell. Type '1.7' and hit Enter.
    - Drag the mouse cursor over the terminal's Buy button but don't click. Press 'S' key there to register button location in FNG client.
    - Click OK on this 'Set Clicks' window

    4. Keep trading environment intact
    - Make sure that your pc, trade terminal and FNG client is running at the time of the release: Wednesday, July 31, 8:30am NY time.
    - Make sure that trade terminal's Buy and Sell buttons are visible at that time in order to catch screen clicks from FNG client.

    Now you have an automated news trading entry environment that will enter the market in a fraction of a second if this release figure hits the deviation. Nevertheless, don't forget to be at the PC at the time of the release in order to manage your position and to take that pips on the first spike that lasts no longer than several minutes.

    I cannot tell you where to exit in relation to your entry, because entries during news vary greatly, due to different spreads, slippage, and other factors. For this reason, it’s extremely important that you review historical charts for USA GDP, where the same deviation of at least 0.5 occurred. Click here to see such history: USA GDP history of charts.

    Once there, set filter to Difference Actual-Forecast >= 0.5 and click "Filter" to see list of charts.

    If the release figure doesn't hit the deviation then FNG client won't click so you can either close it or set the next release. In this case don't forget to change currency pair if needed according to the new release details. Don't be surprised if most of the releases don't trigger. This is a conservative strategy and according to my statistics only every 4th or 5th release opens a position by hitting the deviation.

    You can try to make money "while you sleep" with this. To do that, set it up on stable computer or server with stable internet connection, and pre-set your stop/loss and take/profit targets with your broker. As long as the platform and FNG remain open, your trade will be executed and exited automatically.

    To get even more creative with FNG, when setting up clicks, you can set up first click instantly on let’s say "Buy". Then you can set up second click with let’s say 20 minutes delay on let’s say "Sell" to automatically close your buy trade 20 minutes later. To do that, simply put 20 into the MM field next to the second click, and identify the "Sell" location. HH stands for hours. MM stands for minutes. SS stands for seconds. MS stands for milliseconds. The software will delay any click by your specified desired time parameters.

    Due to so many releases not hitting the specified parameters, and due to them being released at such different time frames, being able to set it up, and leave it on auto-pilot may be attractive to some people, though it will be more risky.

    --–––––——————————————————————————————————————–– –––--
    O  O  O
    --–––––——————————————————————————————————————–– –––--

    Diamonds Trading Signals Trade Plan

    USA GDP    -    8:30am NY time   (Wednesday, July 31)

    --–––––————————————————————–––––--

    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. Set up single click execution on your broker platform, and if possible, pre-determine default stop/loss and default take/profit to 10 pips, so that when you click to execute your order, your platform will automatically set your stop/loss and take/profit at 10 pips from your entry price. Do not try this with brokers that don’t offer single click execution.

      If your platform does not allow to pre-determine default stop/loss and take/profit, then after entering the trade, simply set the stop/loss and take/profit points manually.

    2. Pull up either tick, 1-second, 3-second, or 5-second chart, and at 08:29:45am, so 15 seconds before the announcement, start paying very close attention to the price action of USDJPY on your chart.

    3. If between 08:30:00am and 08:30:30am, so during the first 30 seconds after the report, 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 occurs in 90 seconds from release time (till 08:31:30am) – and if spread at the time of your entry is at 2 pips or less. Set stop/loss at 10 pips, and set take/profit at 10 pips.

      The retracement will happen within seconds. Don’t draw anything on your chart, and don’t try to get a perfect entry. As soon as you see approximately 40% retracement on your chart, compared to the initial spike, click to enter without any hesitation.

      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. If your spread at the time of desired entry is more than 2 pips, then skip the trade.

    4. 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.



    Previous Example: on October 26 2012, at 8:30am, USA GDP number was released, so in the first 50 seconds, the price of USDJPY spiked up by 13.9 pips from 79.847 to 79.986. Then price started retracing, and within about 30 seconds retraced to 29% level of 79.945. So you would Buy at 79.945, set a stop/loss at 79.845, and set a take/profit at 80.045. 3 minutes after the report the take/profit was hit yielding 8.0 pips of profit, given that your spread at the time of the entry was at exactly 2 pips.


    Be patient, and do at least 20 "second wave" trades, before getting frustrated and quitting.

    Once you become good at it, you will be able to win on average 7 to 8 out of 10 trades.

    Keep win to loss ratio at 1:1. Tweak it only after you are consistently profitable with 1:1.

    Remember, it does not matter whether you make or lose 10 pips or 100 pips on a trade. What matters is how much money you make or lose on a trade. When risking 10 pips, simply put up 10 times more lots than you would when you risk 100 pips, and at the end you will make or lose the same amount of money. Yes, spread to pips targeted ratio matters, but these news "second wave" moves have such high probability of success that they somehow make up for the very high spread to pips targeted ratio (2 to 10), which is a small miracle in itself.


    --–––––——————————————————————————————————————–– –––--
    O  O  O
    --–––––——————————————————————————————————————–– –––--

    Forex News Gun Trade Plan

    USA Interest Rate    -    2:00pm NY time   (Wednesday, July 31)

    --–––––————————————————————–––––--

    Traded pair Expected figure Deviation trigger
    USDJPY 0.25 (%) ±0.05 (%)
    Buy USDJPY if actual figure is or is above 0.30 (%)
    Sell USDJPY if actual figure is or is below 0.20 (%)

    Expected move during first 15 minutes after the release is 50 pips or more.


    --–––––—————   FNG Configuration   —————–––––--

    Release name in FNG client: US Federal Funds Target Rate

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




    --–––––—————   Detailed Trade Plan   —————–––––--

    1. Start trade terminal
    - Open your trade terminal and open an order sending dialog with Buy and Sell buttons.
    - Select USDJPY pair.
    - Set your lot size - use your constant risk level on balance.

    2. Start Forex News Gun client
    - Open your Forex News Gun client (fng.exe for Windows and fng.jar for Mac) and click 'Connect...'.
    - Drag the FNG window aside in order to make trade terminal's Buy and Sell buttons visible.

    3. Set a click
    - Click the 'Set Click' button in the row of USA Interest Rate.
    - Double click on first row's 'Range To' cell. Type '0.20' and hit Enter.
    - Click first row's 'Click Location' button.
    - Drag the mouse cursor over the terminal's Sell button but don't click. We just show FNG where it is by pressing 'S' key while mouse cursor is over the Sell button. You will see the screen coordinates appearing in the FNG client.
    - Double click on second row's 'Range From' cell. Type '0.30' and hit Enter.
    - Drag the mouse cursor over the terminal's Buy button but don't click. Press 'S' key there to register button location in FNG client.
    - Click OK on this 'Set Clicks' window

    4. Keep trading environment intact
    - Make sure that your pc, trade terminal and FNG client is running at the time of the release: Wednesday, July 31, 2:00pm NY time.
    - Make sure that trade terminal's Buy and Sell buttons are visible at that time in order to catch screen clicks from FNG client.

    Now you have an automated news trading entry environment that will enter the market in a fraction of a second if this release figure hits the deviation. Nevertheless, don't forget to be at the PC at the time of the release in order to manage your position and to take that pips on the first spike that lasts no longer than several minutes.

    I cannot tell you where to exit in relation to your entry, because entries during news vary greatly, due to different spreads, slippage, and other factors. For this reason, it’s extremely important that you review historical charts for USA Interest Rate, where the same deviation of at least 0.05 occurred. Click here to see such history: USA Interest Rate history of charts.

    Once there, set filter to Difference Actual-Forecast >= 0.05 and click "Filter" to see list of charts.

    If the release figure doesn't hit the deviation then FNG client won't click so you can either close it or set the next release. In this case don't forget to change currency pair if needed according to the new release details. Don't be surprised if most of the releases don't trigger . This is a conservative strategy and according to my statistics only every 4th or 5th release opens a position by hitting the deviation .

    You can try to make money "while you sleep" with this. To do that, set it up on stable computer or server with stable internet connection, and pre-set your stop/loss and take/profit targets with your broker. As long as the platform and FNG remain open, your trade will be executed and exited automatically.

    To get even more creative with FNG, when setting up clicks, you can set up first click instantly on let’s say "Buy". Then you can set up second click with let’s say 20 minutes delay on let’s say "Sell" to automatically close your buy trade 20 minutes later. To do that, simply put 20 into the MM field next to the second click, and identify the "Sell" location. HH stands for hours. MM stands for minutes. SS stands for seconds. MS stands for milliseconds. The software will delay any click by your specified desired time parameters.

    Due to so many releases not hitting the specified parameters, and due to them being released at such different time frames, being able to set it up, and leave it on auto-pilot may be attractive to some people, though it will be more risky.

    --–––––——————————————————————————————————————–– –––--
    Last edited by Peter O; 07-30-2013 at 07:40 AM.

  3. #3
    Peter O is offline Special Consultant to the FPA
    Join Date
    Jan 2013
    Posts
    899

    Default


    --–––––——————————————————————————————————————–– –––--

    Diamonds Trading Signals Trade Plan

    UK Manufacturing PMI    -    4:28am NY time   (Thursday, August 1)

    --–––––————————————————————–––––--

    Traded currency pair : GBPUSD
    Initial spike duration limit : 20 seconds
    Initial spike price action threshold : 10 pips
    Triggering retracement percentage : 50 %
    Retracement duration limit : 40 seconds
    Maximum trade hold time after release : 10 minutes
    Stop loss : 10 pips
    Take profit : 10 pips
    Maximum spread : 2 pips


    1. Set up single click execution on your broker platform, and if possible, pre-determine default stop/loss and default take/profit to 10 pips, so that when you click to execute your order, your platform will automatically set your stop/loss and take/profit at 10 pips from your entry price. Do not try this with brokers that don’t offer single click execution.

      If your platform does not allow to pre-determine default stop/loss and take/profit, then after entering the trade, simply set the stop/loss and take/profit points manually.

    2. Pull up either tick, 1-second, 3-second, or 5-second chart, and at 04:27:45am, so 15 seconds before the announcement, start paying very close attention to the price action of GBPUSD on your chart.

    3. If between 04:28:00am and 04:28:20am, so during the first 20 seconds after the report, you see GBPUSD move up or down by 10 pips or more, then enter in the direction of the initial spike at the very first 50% retracement if it occurs in 40 seconds from release time (till 04:28:40am) – and if spread at the time of your entry is at 2 pips or less. Set stop/loss at 10 pips, and set take/profit at 10 pips.

      The retracement will happen within seconds. Don’t draw anything on your chart, and don’t try to get a perfect entry. As soon as you see approximately 50% retracement on your chart, compared to the initial spike , click to enter without any hesitation.

      If the move either up or down was less than 10 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. If your spread at the time of desired entry is more than 2 pips, then skip the trade.

    4. If by 04:38:00am, so 10 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.



    Previous Example: on January 2 2013, at 4:28am, UK Manufacturing PMI number was released, so in the first 20 seconds, the price of GBPUSD spiked up by 11.5 pips from 1.63200 to 1.63315. Then price started retracing, and within about 26 seconds retraced to 50% level of 1.63257. So you would Buy at 1.63257, set a stop/loss at 1.63157, and set a take/profit at 1.63357. 10 minutes after the report neither take/profit nor stop/loss were hit so position was closed manually at 1.9 pips of profit, given that your spread at the time of the entry was at exactly 2 pips.


    Be patient, and do at least 20 "second wave" trades, before getting frustrated and quitting.

    Once you become good at it, you will be able to win on average 7 to 8 out of 10 trades.

    Keep win to loss ratio at 1:1. Tweak it only after you are consistently profitable with 1:1.

    Remember, it does not matter whether you make or lose 10 pips or 100 pips on a trade. What matters is how much money you make or lose on a trade. When risking 10 pips, simply put up 10 times more lots than you would when you risk 100 pips, and at the end you will make or lose the same amount of money. Yes, spread to pips targeted ratio matters, but these news "second wave" moves have such high probability of success that they somehow make up for the very high spread to pips targeted ratio (2 to 10), which is a small miracle in itself.


    --–––––——————————————————————————————————————–– –––--
    O  O  O
    --–––––——————————————————————————————————————–– –––--

    Forex News Gun Trade Plan

    UK Interest Rate    -    7:00am NY time   (Thursday, August 1)

    --–––––————————————————————–––––--

    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.


    --–––––—————   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:




    --–––––—————   Detailed Trade Plan   —————–––––--

    1. Start trade terminal
    - Open your trade terminal and open an order sending dialog with Buy and Sell buttons.
    - Select GBPUSD pair.
    - Set your lot size - use your constant risk level on balance.

    2. Start Forex News Gun client
    - Open your Forex News Gun client (fng.exe for Windows and fng.jar for Mac) and click 'Connect...'.
    - Drag the FNG window aside in order to make trade terminal's Buy and Sell buttons visible.

    3. Set a click
    - Click the 'Set Click' button in the row of UK Interest Rate.
    - Double click on first row's 'Range To' cell. Type '0.25' and hit Enter.
    - Click first row's 'Click Location' button.
    - Drag the mouse cursor over the terminal's Sell button but don't click. We just show FNG where it is by pressing 'S' key while mouse cursor is over the Sell button. You will see the screen coordinates appearing in the FNG client.
    - Double click on second row's 'Range From' cell. Type '0.75' and hit Enter.
    - Drag the mouse cursor over the terminal's Buy button but don't click. Press 'S' key there to register button location in FNG client.
    - Click OK on this 'Set Clicks' window

    4. Keep trading environment intact
    - Make sure that your pc, trade terminal and FNG client is running at the time of the release: Thursday, August 1, 7:00am NY time.
    - Make sure that trade terminal's Buy and Sell buttons are visible at that time in order to catch screen clicks from FNG client.

    Now you have an automated news trading entry environment that will enter the market in a fraction of a second if this release figure hits the deviation. Nevertheless, don't forget to be at the PC at the time of the release in order to manage your position and to take that pips on the first spike that lasts no longer than several minutes.

    I cannot tell you where to exit in relation to your entry, because entries during news vary greatly, due to different spreads, slippage, and other factors. For this reason, it’s extremely important that you review historical charts for UK Interest Rate, where the same deviation of at least 0.25 occurred. Click here to see such history: UK Interest Rate history of charts.

    Once there, set filter to Difference Actual-Forecast >= 0.25 and click "Filter" to see list of charts.

    If the release figure doesn't hit the deviation then FNG client won't click so you can either close it or set the next release. In this case don't forget to change currency pair if needed according to the new release details. Don't be surprised if most of the releases don't trigger. This is a conservative strategy and according to my statistics only every 4th or 5th release opens a position by hitting the deviation.

    You can try to make money "while you sleep" with this. To do that, set it up on stable computer or server with stable internet connection, and pre-set your stop/loss and take/profit targets with your broker. As long as the platform and FNG remain open, your trade will be executed and exited automatically.

    To get even more creative with FNG, when setting up clicks, you can set up first click instantly on let’s say "Buy". Then you can set up second click with let’s say 20 minutes delay on let’s say "Sell" to automatically close your buy trade 20 minutes later. To do that, simply put 20 into the MM field next to the second click, and identify the "Sell" location. HH stands for hours. MM stands for minutes. SS stands for seconds. MS stands for milliseconds. The software will delay any click by your specified desired time parameters.

    Due to so many releases not hitting the specified parameters, and due to them being released at such different time frames, being able to set it up, and leave it on auto-pilot may be attractive to some people, though it will be more risky.

    --–––––——————————————————————————————————————–– –––--
    O  O  O
    --–––––——————————————————————————————————————–– –––--

    Forex News Gun Trade Plan

    EU Interest Rate    -    7:45am NY time   (Thursday, August 1)

    --–––––————————————————————–––––--

    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.


    --–––––—————   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:




    --–––––—————   Detailed Trade Plan   —————–––––--

    1. Start trade terminal
    - Open your trade terminal and open an order sending dialog with Buy and Sell buttons.
    - Select EURGBP pair.
    - Set your lot size - use your constant risk level on balance.

    2. Start Forex News Gun client
    - Open your Forex News Gun client (fng.exe for Windows and fng.jar for Mac) and click 'Connect...'.
    - Drag the FNG window aside in order to make trade terminal's Buy and Sell buttons visible.

    3. Set a click
    - Click the 'Set Click' button in the row of EU Interest Rate.
    - Double click on first row's 'Range To' cell. Type '0.25' and hit Enter.
    - Click first row's 'Click Location' button.
    - Drag the mouse cursor over the terminal's Sell button but don't click. We just show FNG where it is by pressing 'S' key while mouse cursor is over the Sell button. You will see the screen coordinates appearing in the FNG client.
    - Double click on second row's 'Range From' cell. Type '0.75' and hit Enter.
    - Drag the mouse cursor over the terminal's Buy button but don't click. Press 'S' key there to register button location in FNG client.
    - Click OK on this 'Set Clicks' window

    4. Keep trading environment intact
    - Make sure that your pc, trade terminal and FNG client is running at the time of the release: Thursday, August 1, 7:45am NY time.
    - Make sure that trade terminal's Buy and Sell buttons are visible at that time in order to catch screen clicks from FNG client.

    Now you have an automated news trading entry environment that will enter the market in a fraction of a second if this release figure hits the deviation. Nevertheless, don't forget to be at the PC at the time of the release in order to manage your position and to take that pips on the first spike that lasts no longer than several minutes.

    I cannot tell you where to exit in relation to your entry, because entries during news vary greatly, due to different spreads, slippage, and other factors. For this reason, it’s extremely important that you review historical charts for EU Interest Rate, where the same deviation of at least 0.25 occurred. Click here to see such history: EU Interest Rate history of charts.

    Once there, set filter to Difference Actual-Forecast >= 0.25 and click "Filter" to see list of charts.

    If the release figure doesn't hit the deviation then FNG client won't click so you can either close it or set the next release. In this case don't forget to change currency pair if needed according to the new release details. Don't be surprised if most of the releases don't trigger. This is a conservative strategy and according to my statistics only every 4th or 5th release opens a position by hitting the deviation.

    You can try to make money "while you sleep" with this. To do that, set it up on stable computer or server with stable internet connection, and pre-set your stop/loss and take/profit targets with your broker. As long as the platform and FNG remain open, your trade will be executed and exited automatically.

    To get even more creative with FNG, when setting up clicks, you can set up first click instantly on let’s say "Buy". Then you can set up second click with let’s say 20 minutes delay on let’s say "Sell" to automatically close your buy trade 20 minutes later. To do that, simply put 20 into the MM field next to the second click, and identify the "Sell" location. HH stands for hours. MM stands for minutes. SS stands for seconds. MS stands for milliseconds. The software will delay any click by your specified desired time parameters.

    Due to so many releases not hitting the specified parameters, and due to them being released at such different time frames, being able to set it up, and leave it on auto-pilot may be attractive to some people, though it will be more risky.

    --–––––——————————————————————————————————————–– –––--
    O  O  O
    --–––––——————————————————————————————————————–– –––--

    Diamonds Trading Signals Trade Plan

    EU Interest Rate    -    7:45am NY time   (Thursday, August 1)

    --–––––————————————————————–––––--

    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. Set up single click execution on your broker platform, and if possible, pre-determine default stop/loss and default take/profit to 10 pips, so that when you click to execute your order, your platform will automatically set your stop/loss and take/profit at 10 pips from your entry price. Do not try this with brokers that don’t offer single click execution.

      If your platform does not allow to pre-determine default stop/loss and take/profit, then after entering the trade, simply set the stop/loss and take/profit points manually.

    2. Pull up either tick, 1-second, 3-second, or 5-second chart, and at 07:44:45am, so 15 seconds before the announcement, start paying very close attention to the price action of EURGBP on your chart.

    3. If between 07:45:00am and 07:45:30am, so during the first 30 seconds after the report, 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 occurs in 60 seconds from release time (till 07:46:00am) – and if spread at the time of your entry is at 2 pips or less. Set stop/loss at 10 pips, and set take/profit at 10 pips.

      The retracement will happen within seconds. Don’t draw anything on your chart, and don’t try to get a perfect entry. As soon as you see approximately 45% retracement on your chart, compared to the initial spike, click to enter without any hesitation.

      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. If your spread at the time of desired entry is more than 2 pips, then skip the trade.

    4. 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.



    Previous Example: on September 6 2012, at 7:45am, EU Interest Rate number was released, so in the first 30 seconds, the price of EURGBP spiked up by 14.4 pips from 0.79289 to 0.79433. Then price started retracing, and within about 40 seconds retraced to 45% level of 0.79368. So you would Buy at 0.79368, set a stop/loss at 0.79268, and set a take/profit at 0.79468. 1 minutes after the report the take/profit was hit yielding 8.0 pips of profit, given that your spread at the time of the entry was at exactly 2 pips.


    Be patient, and do at least 20 "second wave" trades, before getting frustrated and quitting.

    Once you become good at it, you will be able to win on average 7 to 8 out of 10 trades.

    Keep win to loss ratio at 1:1. Tweak it only after you are consistently profitable with 1:1.

    Remember, it does not matter whether you make or lose 10 pips or 100 pips on a trade. What matters is how much money you make or lose on a trade. When risking 10 pips, simply put up 10 times more lots than you would when you risk 100 pips, and at the end you will make or lose the same amount of money. Yes, spread to pips targeted ratio matters, but these news "second wave" moves have such high probability of success that they somehow make up for the very high spread to pips targeted ratio (2 to 10), which is a small miracle in itself.


    --–––––——————————————————————————————————————–– –––--
    O  O  O
    --–––––——————————————————————————————————————–– –––--

    Forex News Gun Trade Plan

    USA Manufacturing PMI    -    10:00am NY time   (Thursday, August 1)

    --–––––————————————————————–––––--

    Traded pair Expected figure Deviation trigger
    USDJPY 51.5 ±2.5
    Buy USDJPY if actual figure is or is above 54.0
    Sell USDJPY if actual figure is or is below 49.0

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


    --–––––—————   FNG Configuration   —————–––––--

    Release name in FNG client: ISM Manufacturing PMI

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




    --–––––—————   Detailed Trade Plan   —————–––––--

    1. Start trade terminal
    - Open your trade terminal and open an order sending dialog with Buy and Sell buttons.
    - Select USDJPY pair.
    - Set your lot size - use your constant risk level on balance.

    2. Start Forex News Gun client
    - Open your Forex News Gun client (fng.exe for Windows and fng.jar for Mac) and click 'Connect...'.
    - Drag the FNG window aside in order to make trade terminal's Buy and Sell buttons visible.

    3. Set a click
    - Click the 'Set Click' button in the row of USA Manufacturing PMI.
    - Double click on first row's 'Range To' cell. Type '49.0' and hit Enter.
    - Click first row's 'Click Location' button.
    - Drag the mouse cursor over the terminal's Sell button but don't click. We just show FNG where it is by pressing 'S' key while mouse cursor is over the Sell button. You will see the screen coordinates appearing in the FNG client.
    - Double click on second row's 'Range From' cell. Type '54.0' and hit Enter.
    - Drag the mouse cursor over the terminal's Buy button but don't click. Press 'S' key there to register button location in FNG client.
    - Click OK on this 'Set Clicks' window

    4. Keep trading environment intact
    - Make sure that your pc, trade terminal and FNG client is running at the time of the release: Thursday, August 1, 10:00am NY time.
    - Make sure that trade terminal's Buy and Sell buttons are visible at that time in order to catch screen clicks from FNG client.

    Now you have an automated news trading entry environment that will enter the market in a fraction of a second if this release figure hits the deviation. Nevertheless, don't forget to be at the PC at the time of the release in order to manage your position and to take that pips on the first spike that lasts no longer than several minutes.

    I cannot tell you where to exit in relation to your entry, because entries during news vary greatly, due to different spreads, slippage, and other factors. For this reason, it’s extremely important that you review historical charts for USA Manufacturing PMI, where the same deviation of at least 2.5 occurred. Click here to see such history: USA Manufacturing PMI history of charts.

    Once there, set filter to Difference Actual-Forecast >= 2.5 and click "Filter" to see list of charts.

    If the release figure doesn't hit the deviation then FNG client won't click so you can either close it or set the next release. In this case don't forget to change currency pair if needed according to the new release details. Don't be surprised if most of the releases don't trigger . This is a conservative strategy and according to my statistics only every 4th or 5th release opens a position by hitting the deviation .

    You can try to make money "while you sleep" with this. To do that, set it up on stable computer or server with stable internet connection, and pre-set your stop/loss and take/profit targets with your broker. As long as the platform and FNG remain open, your trade will be executed and exited automatically.

    To get even more creative with FNG, when setting up clicks, you can set up first click instantly on let’s say "Buy". Then you can set up second click with let’s say 20 minutes delay on let’s say "Sell" to automatically close your buy trade 20 minutes later. To do that, simply put 20 into the MM field next to the second click, and identify the "Sell" location. HH stands for hours. MM stands for minutes. SS stands for seconds. MS stands for milliseconds. The software will delay any click by your specified desired time parameters.

    Due to so many releases not hitting the specified parameters, and due to them being released at such different time frames, being able to set it up, and leave it on auto-pilot may be attractive to some people, though it will be more risky.

    --–––––——————————————————————————————————————–– –––--
    O  O  O
    --–––––——————————————————————————————————————–– –––--

    Diamonds Trading Signals Trade Plan

    USA Manufacturing PMI    -    10:00am NY time   (Thursday, August 1)

    --–––––————————————————————–––––--

    Traded currency pair : USDJPY
    Initial spike duration limit : 15 seconds
    Initial spike price action threshold : 10 pips
    Triggering retracement percentage : 50 %
    Retracement duration limit : 60 seconds
    Maximum trade hold time after release : 15 minutes
    Stop loss : 10 pips
    Take profit : 10 pips
    Maximum spread : 2 pips


    1. Set up single click execution on your broker platform, and if possible, pre-determine default stop/loss and default take/profit to 10 pips, so that when you click to execute your order, your platform will automatically set your stop/loss and take/profit at 10 pips from your entry price. Do not try this with brokers that don’t offer single click execution.

      If your platform does not allow to pre-determine default stop/loss and take/profit, then after entering the trade, simply set the stop/loss and take/profit points manually.

    2. Pull up either tick, 1-second, 3-second, or 5-second chart, and at 09:59:45am, so 15 seconds before the announcement, start paying very close attention to the price action of USDJPY on your chart.

    3. If between 10:00:00am and 10:00:15am, so during the first 15 seconds after the report, 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 50% retracement if it occurs in 60 seconds from release time (till 10:01:00am) – and if spread at the time of your entry is at 2 pips or less. Set stop/loss at 10 pips, and set take/profit at 10 pips.

      The retracement will happen within seconds. Don’t draw anything on your chart, and don’t try to get a perfect entry. As soon as you see approximately 50% retracement on your chart, compared to the initial spike , click to enter without any hesitation.

      If the move either up or down was less than 10 pips during the first 15 seconds, then the actual number of the report did not generate sufficient interest in the market, and you simply skip the trade. If your spread at the time of desired entry is more than 2 pips, then skip the trade.

    4. If by 10:15:00am, 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.



    Previous Example: on February 1 2013, at 10:00am, USA Manufacturing PMI number was released, so in the first 3 seconds, the price of USDJPY spiked up by 14.5 pips from 92.045 to 92.190. Then price started retracing, and within about 12 seconds retraced to 50% level of 92.118. So you would Buy at 92.118, set a stop/loss at 92.018, and set a take/profit at 92.218. 12 minutes after the report the take/profit was hit yielding 8.0 pips of profit, given that your spread at the time of the entry was at exactly 2 pips.


    Be patient, and do at least 20 "second wave" trades, before getting frustrated and quitting.

    Once you become good at it, you will be able to win on average 7 to 8 out of 10 trades.

    Keep win to loss ratio at 1:1. Tweak it only after you are consistently profitable with 1:1.

    Remember, it does not matter whether you make or lose 10 pips or 100 pips on a trade. What matters is how much money you make or lose on a trade. When risking 10 pips, simply put up 10 times more lots than you would when you risk 100 pips, and at the end you will make or lose the same amount of money. Yes, spread to pips targeted ratio matters, but these news "second wave" moves have such high probability of success that they somehow make up for the very high spread to pips targeted ratio (2 to 10), which is a small miracle in itself.


    --–––––——————————————————————————————————————–– –––--
    Last edited by Peter O; 07-31-2013 at 05:34 AM.

  4. #4
    Peter O is offline Special Consultant to the FPA
    Join Date
    Jan 2013
    Posts
    899

    Default


    --–––––——————————————————————————————————————–– –––--

    Forex News Gun Trade Plan

    USA Nonfarm Payroll    -    8:30am NY time   (Friday, August 2)

    --–––––————————————————————–––––--

    Traded pair Expected figure Deviation trigger
    USDJPY 182 (k) ±75 (k)
    Buy USDJPY if actual figure is or is above 257 (k)
    Sell USDJPY if actual figure is or is below 107 (k)

    Expected move during first 15 minutes after the release is 50 pips or more.


    --–––––—————   FNG Configuration   —————–––––--

    Release name in FNG client: US NonFarm Payrolls

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




    --–––––—————   Detailed Trade Plan   —————–––––--

    1. Start trade terminal
    - Open your trade terminal and open an order sending dialog with Buy and Sell buttons.
    - Select USDJPY pair.
    - Set your lot size - use your constant risk level on balance.

    2. Start Forex News Gun client
    - Open your Forex News Gun client (fng.exe for Windows and fng.jar for Mac) and click 'Connect...'.
    - Drag the FNG window aside in order to make trade terminal's Buy and Sell buttons visible.

    3. Set a click
    - Click the 'Set Click' button in the row of USA Nonfarm Payroll.
    - Double click on first row's 'Range To' cell. Type '107' and hit Enter.
    - Click first row's 'Click Location' button.
    - Drag the mouse cursor over the terminal's Sell button but don't click. We just show FNG where it is by pressing 'S' key while mouse cursor is over the Sell button. You will see the screen coordinates appearing in the FNG client.
    - Double click on second row's 'Range From' cell. Type '257' and hit Enter.
    - Drag the mouse cursor over the terminal's Buy button but don't click. Press 'S' key there to register button location in FNG client.
    - Click OK on this 'Set Clicks' window

    4. Keep trading environment intact
    - Make sure that your pc, trade terminal and FNG client is running at the time of the release: Friday, August 2, 8:30am NY time.
    - Make sure that trade terminal's Buy and Sell buttons are visible at that time in order to catch screen clicks from FNG client.

    Now you have an automated news trading entry environment that will enter the market in a fraction of a second if this release figure hits the deviation. Nevertheless, don't forget to be at the PC at the time of the release in order to manage your position and to take that pips on the first spike that lasts no longer than several minutes.

    I cannot tell you where to exit in relation to your entry, because entries during news vary greatly, due to different spreads, slippage, and other factors. For this reason, it’s extremely important that you review historical charts for USA Nonfarm Payroll, where the same deviation of at least 75 occurred. Click here to see such history: USA Nonfarm Payroll history of charts.

    Once there, set filter to Difference Actual-Forecast >= 75 and click "Filter" to see list of charts.

    If the release figure doesn't hit the deviation then FNG client won't click so you can either close it or set the next release. In this case don't forget to change currency pair if needed according to the new release details. Don't be surprised if most of the releases don't trigger . This is a conservative strategy and according to my statistics only every 4th or 5th release opens a position by hitting the deviation .

    You can try to make money "while you sleep" with this. To do that, set it up on stable computer or server with stable internet connection, and pre-set your stop/loss and take/profit targets with your broker. As long as the platform and FNG remain open, your trade will be executed and exited automatically.

    To get even more creative with FNG, when setting up clicks, you can set up first click instantly on let’s say "Buy". Then you can set up second click with let’s say 20 minutes delay on let’s say "Sell" to automatically close your buy trade 20 minutes later. To do that, simply put 20 into the MM field next to the second click, and identify the "Sell" location. HH stands for hours. MM stands for minutes. SS stands for seconds. MS stands for milliseconds. The software will delay any click by your specified desired time parameters.

    Due to so many releases not hitting the specified parameters, and due to them being released at such different time frames, being able to set it up, and leave it on auto-pilot may be attractive to some people, though it will be more risky.

    --–––––——————————————————————————————————————–– –––--
    O  O  O
    --–––––——————————————————————————————————————–– –––--

    Diamonds Trading Signals Trade Plan

    USA Nonfarm Payroll    -    8:30am NY time   (Friday, August 2)

    --–––––————————————————————–––––--

    Traded currency pair : USDJPY
    Initial spike duration limit : 30 seconds
    Initial spike price action threshold : 25 pips
    Triggering retracement percentage : 30 %
    Retracement duration limit : 90 seconds
    Maximum trade hold time after release : 15 minutes
    Stop loss : 15 pips
    Take profit : 15 pips
    Maximum spread : 3 pips


    1. Set up single click execution on your broker platform, and if possible, pre-determine default stop/loss and default take/profit to 15 pips, so that when you click to execute your order, your platform will automatically set your stop/loss and take/profit at 15 pips from your entry price. Do not try this with brokers that don’t offer single click execution.

      If your platform does not allow to pre-determine default stop/loss and take/profit, then after entering the trade, simply set the stop/loss and take/profit points manually.

    2. Pull up either tick, 1-second, 3-second, or 5-second chart, and at 08:29:45am, so 15 seconds before the announcement, start paying very close attention to the price action of USDJPY on your chart.

    3. If between 08:30:00am and 08:30:30am, so during the first 30 seconds after the report, you see USDJPY move up or down by 25 pips or more, then enter in the direction of the initial spike at the very first 30% retracement if it occurs in 90 seconds from release time (till 08:31:30am) – and if spread at the time of your entry is at 3 pips or less. Set stop/loss at 15 pips, and set take/profit at 15 pips.

      The retracement will happen within seconds. Don’t draw anything on your chart, and don’t try to get a perfect entry. As soon as you see approximately 30% retracement on your chart, compared to the initial spike , click to enter without any hesitation.

      If the move either up or down was less than 25 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. If your spread at the time of desired entry is more than 3 pips, then skip the trade.

    4. 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.



    Previous Example: on December 7 2012, at 8:30am, USA Nonfarm Payroll number was released, so in the first 12 seconds, the price of USDJPY spiked up by 45.2 pips from 82.321 to 82.773. Then price started retracing, and within about 60 seconds retraced to 30% level of 82.637. So you would Buy at 82.637, set a stop/loss at 82.487, and set a take/profit at 82.787. 3 minutes after the report the take/profit was hit yielding 12.0 pips of profit, given that your spread at the time of the entry was at exactly 3 pips.


    Be patient, and do at least 20 "second wave" trades, before getting frustrated and quitting.

    Once you become good at it, you will be able to win on average 7 to 8 out of 10 trades.

    Keep win to loss ratio at 1:1. Tweak it only after you are consistently profitable with 1:1.

    Remember, it does not matter whether you make or lose 10 pips or 100 pips on a trade. What matters is how much money you make or lose on a trade. When risking 10 pips, simply put up 10 times more lots than you would when you risk 100 pips, and at the end you will make or lose the same amount of money. Yes, spread to pips targeted ratio matters, but these news "second wave" moves have such high probability of success that they somehow make up for the very high spread to pips targeted ratio (2 to 10), which is a small miracle in itself.


    --–––––——————————————————————————————————————–– –––--
    Last edited by Peter O; 08-01-2013 at 12:39 AM.

  5. #5
    marcuskay is offline Recruit
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    Something wrong with FNG feed as of the time I write this. See attached image.
    FNG_data_problem.jpg
    Last edited by marcuskay; 07-31-2013 at 05:03 AM.
    alexoptimistic, DJG and Qarl like this.


  6. #6
    DJG's Avatar
    DJG
    DJG is offline Private, 1st Class
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    Peter, there is something wrong with the program; Plus, the latency is higher than usual.

  7. #7
    DJG's Avatar
    DJG
    DJG is offline Private, 1st Class
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    May i add that the program seems to fail every time there are important events in the market that can be used with the program, which is pretty annoying.

  8. #8
    Peter O is offline Special Consultant to the FPA
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    Yes, it seems to happen more frequently lately - I hope it goes away before GDPs. I will check the server soon.

  9. #9
    Peter O is offline Special Consultant to the FPA
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    I'm investigating this issue as it makes us miss the GDPs, and US one gave us a nice triggering needle

  10. #10
    Peter O is offline Special Consultant to the FPA
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    Welcome back, FNG server connection. You can trade USA Interest Rate on USDJPY.

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