Diamonds Trading Signals Summary - Friday, August 4 2017

[Peter O]

How does after spike forex news trading work?​

Forex News Trading can be extremely profitable if you have an understanding of fundamental analysis and have good trade plans to benefit from price action as they unfold after an ecomonic release. Do not worry, Forex Peace Army analyst will help you to identify high-probability tradable economic news reports and advise on the trading strategy. You can find more details at Introduction to Afterspike Trading using Diamonds Trading Signals.

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Diamonds Trading Signals Trade Plan​

USA Nonfarm Payroll ⋯ 8:30am NY time (Friday, August 4)​

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	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. If between 08:30:00am and 08:30:30am, so during the first 30 seconds 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 doesn't take more than 90 seconds (till 08:31:30am) – and if spread is at 3 pips or less. Set stop/loss at 15 pips, and set take/profit at 15 pips immediately.
   
   
2. 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.
   
   
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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[jaalsuca]

How does after spike forex news trading work?​

Forex News Trading can be extremely profitable if you have an understanding of fundamental analysis and have good trade plans to benefit from price action as they unfold after an ecomonic release. Do not worry, Forex Peace Army analyst will help you to identify high-probability tradable economic news reports and advise on the trading strategy. You can find more details at Introduction to Afterspike Trading using Diamonds Trading Signals.

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Diamonds Trading Signals Trade Plan​

USA Nonfarm Payroll ⋯ 8:30am NY time (Friday, August 4)​

⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯​

	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. If between 08:30:00am and 08:30:30am, so during the first 30 seconds 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 doesn't take more than 90 seconds (till 08:31:30am) – and if spread is at 3 pips or less. Set stop/loss at 15 pips, and set take/profit at 15 pips immediately.
   
   
2. 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.
   
   
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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Hi Peter

My name is Jairo Suarez, I would like to collaborate with this publications and I wonder if you or FPA grant me a special permission to replicate this information about the fundamental trades in Spanish in my website skimiafx.com, my operative in fundamental has been tested by 9 months and has been very effective with your instructions as well. Please let me know if you are agreeing to translate that information to Spanish and to explain Spanish community how is possible to trade with the fundamental news.

Cheers

Jairo

 

[AsstModerator]

Hello Jairo,

The FPA pays the bills based on people viewing banner ads. Without that, all the free services we offer would run out of money and have to be cancelled. Having an alternate copy of Peter's signals in another language would draw some readers away from the FPA and reduce the budget for keeping the Daily Signals going.

 

[jaalsuca]

Hi there

What about if I write in Spanish here and then FPA can expand the audience, with this FPA assure that viewers still continue watch advs and expand the communications with others traders.

Cheers

Jairo