Forex News Trading Plans for Week 18, Apr 27 – May 3 2014

[zaghloul]

I calculate my own deviations. You can do this yourself at ForexRazor | Forex Trading Systems | Forex Training click on the calendar and click on analyze button on the left of the event you want. You can chose any pair to see how they reacted in the past. Also it shows if there was overlapping releases at the same time. Amazing resource to use with FNG.

 

[wakeel86]

What I get to do when there are differences in forecasts is that from 3 sources (i.e. FNG, FPA & FF), I pick the lowest forecast add the deviation to it, & the highest forecast I subtract the deviation from it...

For example say Forecast: FNG 0.5 FPA 0.7 FF 0.6
Deviation is +/- 0.5
Lowest is 0.5
Highest is 0.7

In favour of currency I'm gonna use Lowest(0.5) + 0.5 = 1.0
& against currency I'm gonna use Highest(0.7) - 0.5 = 0.2

Also I don't use Peter's recommended deviations all the time, I do historical analysis & pick my deviations, could be more or less