Peter O

Special Consultant to the FPA
Messages
3,999

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.

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

Hello Fellow Traders,

On this week (August 2 - August 8) we have 13 tradable releases:


-–––————— Monday, August 3 —————–––-
(brief summary)

UKManufacturing PMI4:30am NY timeDTS
USAManufacturing PMI10:00am NY timeFNG + DTS
AustraliaRetail Sales9:30pm NY timeFNG + DTS


-–––————— Tuesday, August 4 —————–––-
(brief summary)

AustraliaInterest Rate12:30am NY timeFNG + DTS
New ZealandEmployment Change6:45pm NY timeFNG


-–––————— Wednesday, August 5 —————–––-
(brief summary)

UKServices PMI4:30am NY timeDTS
USAADP Nonfarm Payroll8:15am NY timeFNG + DTS
USANon-Manufacturing PMI10:00am NY timeFNG + DTS
AustraliaEmployment Change9:30pm NY timeFNG + DTS


-–––————— Thursday, August 6 —————–––-
(brief summary)

UKInterest Rate7:00am NY timeFNG


-–––————— Friday, August 7 —————–––-
(brief summary)

CanadaEmployment Change8:30am NY timeFNG
USANonfarm Payroll8:30am NY timeFNG + DTS
CanadaIvey PMI10:00am NY timeFNG



Sincerely,
Peter
 
Last edited:

Peter O

Special Consultant to the FPA
Messages
3,999

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

Diamonds Trading Signals Trade Plan

UK Manufacturing PMI - 4:30am NY time (Monday, August 3)

--–––––————————————————————–––––--​

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 04:29:45am, so 15 seconds before the announcement, start paying very close attention to the price action of GBPUSD on your chart.

  3. If between 04:30:00am and 04:30:20am, 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 04:30:40am) – 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 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 04:40:00am, 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 January 2 2013, at 4:30am, 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

USA Manufacturing PMI - 10:00am NY time (Monday, August 3)

--–––––————————————————————–––––--​

Traded pairExpected figureDeviation trigger
USDJPY53.5±2.5
BuyUSDJPYif actual figure is or is above56.0
SellUSDJPYif actual figure is or is below51.0

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 ( and ) 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 '51.0' 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 '56.0' 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: Monday, August 3, 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.

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 (Monday, August 3)

--–––––————————————————————–––––--​

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.


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

Forex News Gun Trade Plan

Australia Retail Sales - 9:30pm NY time (Monday, August 3)

--–––––————————————————————–––––--​

Traded pairExpected figureDeviation trigger
AUDUSD0.5 (%)±0.5 (%)
BuyAUDUSDif actual figure is or is above1.0 (%)
SellAUDUSDif actual figure is or is below0.0 (%)

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


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

Release name in FNG client: AUD Retail Sales SA

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




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

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

2. Start Forex News Gun client
- Open your Forex News Gun client ( and ) 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 Australia Retail Sales.​
- Double click on first row's 'Range To' cell. Type '0.0' 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 '1.0' 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: Monday, August 3, 9:30pm 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 Australia Retail Sales, where the same deviation of at least 0.5 occurred. Click here to see such history: Australia Retail Sales history 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

Australia Retail Sales - 9:30pm NY time (Monday, August 3)

--–––––————————————————————–––––--​

Traded currency pair:AUDUSD
Initial spike duration limit:15 seconds
Initial spike price action threshold:15 pips
Triggering retracement percentage:30 %
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 09:29:45pm, so 15 seconds before the announcement, start paying very close attention to the price action of AUDUSD on your chart.

  3. If between 09:30:00pm and 09:30:15pm, so during the first 15 seconds after the report, you see AUDUSD move up or down by 15 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 09:31:30pm) – 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 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 09:45:00pm, 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 May 6 2012, at 9:30pm, Australia Retail Sales number was released, so in the first 10 seconds, the price of AUDUSD spiked up by 22.2 pips from 1.01126 to 1.01348. Then price started retracing, and within about 25 seconds retraced to 30% level of 1.01281. So you would Buy at 1.01281, set a stop/loss at 1.01181, and set a take/profit at 1.01381. 15 minutes after the report neither take/profit nor stop/loss were hit so position was closed manually at 4.8 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 a moderator:

Peter O

Special Consultant to the FPA
Messages
3,999

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

Forex News Gun Trade Plan

Australia Interest Rate - 12:30am NY time (Tuesday, August 4)

--–––––————————————————————–––––--​

Traded pairExpected figureDeviation trigger
AUDUSD2.00 (%)±0.25 (%)
BuyAUDUSDif actual figure is or is above2.25 (%)
SellAUDUSDif actual figure is or is below1.75 (%)

Expected move during first 45 minutes after the release is 50 pips or more.


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

Release name in FNG client: Aussie Rate Decision

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




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

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

2. Start Forex News Gun client
- Open your Forex News Gun client ( and ) 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 Australia Interest Rate.​
- Double click on first row's 'Range To' cell. Type '1.75' 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 '2.25' 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: Tuesday, August 4, 12:30am 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 Australia Interest Rate, where the same deviation of at least 0.25 occurred. Click here to see such history: Australia Interest Rate history 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

Australia Interest Rate - 12:30am NY time (Tuesday, August 4)

--–––––————————————————————–––––--​

Traded currency pair:AUDUSD
Initial spike duration limit:15 seconds
Initial spike price action threshold:20 pips
Triggering retracement percentage:35 %
Retracement duration limit:60 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 12:29:45am, so 15 seconds before the announcement, start paying very close attention to the price action of AUDUSD on your chart.

  3. If between 12:30:00am and 12:30:15am, so during the first 15 seconds after the report, you see AUDUSD move up or down by 20 pips or more, then enter in the direction of the initial spike at the very first 35% retracement if it occurs in 60 seconds from release time (till 12:31:00am) – 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 35% 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 20 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 3 pips, then skip the trade.

  4. If by 12:45:00am, 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 November 5 2012, at 10:30pm, Australia Interest Rate number was released, so in the first 10 seconds, the price of AUDUSD spiked up by 38.2 pips from 1.03690 to 1.04072. Then price started retracing, and within about 30 seconds retraced to 35% level of 1.03938. So you would Buy at 1.03938, set a stop/loss at 1.03788, and set a take/profit at 1.04088. 2 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.


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

Forex News Gun Trade Plan

New Zealand Employment Change - 6:45pm NY time (Tuesday, August 4)

--–––––————————————————————–––––--​

Traded pairExpected figureDeviation trigger
NZDUSD0.5 (%)±0.4 (%)
BuyNZDUSDif actual figure is or is above0.9 (%)
SellNZDUSDif actual figure is or is below0.1 (%)

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


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

Release name in FNG client: New Zealand Employment Change (QoQ)

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




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

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

2. Start Forex News Gun client
- Open your Forex News Gun client ( and ) 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 New Zealand Employment Change.​
- 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 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 '0.9' 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: Tuesday, August 4, 6:45pm 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 New Zealand Employment Change, where the same deviation of at least 0.4 occurred. Click here to see such history: New Zealand Employment Change history 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 a moderator:

Peter O

Special Consultant to the FPA
Messages
3,999

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

Diamonds Trading Signals Trade Plan

UK Services PMI - 4:30am NY time (Wednesday, August 5)

--–––––————————————————————–––––--​

Traded currency pair:GBPUSD
Initial spike duration limit:30 seconds
Initial spike price action threshold:12 pips
Triggering retracement percentage:40 %
Retracement duration limit:90 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 04:29:45am, so 15 seconds before the announcement, start paying very close attention to the price action of GBPUSD on your chart.

  3. If between 04:30:00am and 04:30:30am, so during the first 30 seconds after the report, you see GBPUSD move up or down by 12 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 04:31:30am) – 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 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 04:50:00am, 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 February 5 2013, at 4:30am, UK Services PMI number was released, so in the first 25 seconds, the price of GBPUSD spiked up by 17.9 pips from 1.57757 to 1.57936. Then price started retracing, and within about 80 seconds retraced to 40% level of 1.57864. So you would Buy at 1.57864, set a stop/loss at 1.57764, and set a take/profit at 1.57964. 2 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 ADP Nonfarm Payroll - 8:15am NY time (Wednesday, August 5)

--–––––————————————————————–––––--​

Traded pairExpected figureDeviation trigger
USDJPY213 (k)±50 (k)
BuyUSDJPYif actual figure is or is above263 (k)
SellUSDJPYif actual figure is or is below163 (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 ( and ) 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 '163' 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 '263' 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, August 5, 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.

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, August 5)

--–––––————————————————————–––––--​

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

USA Non-Manufacturing PMI - 10:00am NY time (Wednesday, August 5)

--–––––————————————————————–––––--​

Traded pairExpected figureDeviation trigger
USDJPY56.2±2.5
BuyUSDJPYif actual figure is or is above58.7
SellUSDJPYif actual figure is or is below53.7

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


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

Release name in FNG client: ISM Non-Manufacturing Composite

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 ( and ) 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 Non-Manufacturing PMI.​
- Double click on first row's 'Range To' cell. Type '53.7' 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 '58.7' 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, August 5, 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 Non-Manufacturing PMI, where the same deviation of at least 2.5 occurred. Click here to see such history: USA Non-Manufacturing PMI history 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 Non-Manufacturing PMI - 10:00am NY time (Wednesday, August 5)

--–––––————————————————————–––––--​

Traded currency pair:USDJPY
Initial spike duration limit:30 seconds
Initial spike price action threshold:12 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 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 10:00:30am, so during the first 30 seconds after the report, you see USDJPY move up or down by 12 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 10:01:30am) – 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 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 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 May 3 2012, at 10:00am, USA Non-Manufacturing PMI number was released, so in the first 10 seconds, the price of USDJPY spiked down by 14.1 pips from 80.443 to 80.302. Then price started retracing, and within about 12 seconds retraced to 40% level of 80.358. So you would Sell at 80.358, set a stop/loss at 80.458, and set a take/profit at 80.258. 15 minutes after the report neither take/profit nor stop/loss were hit so position was closed manually at 1.2 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

Australia Employment Change - 9:30pm NY time (Wednesday, August 5)

--–––––————————————————————–––––--​

Traded pairExpected figureDeviation trigger
AUDUSD10.0 (k)±20.0 (k)
BuyAUDUSDif actual figure is or is above30.0 (k)
SellAUDUSDif actual figure is or is below-10.0 (k)

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


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

Release name in FNG client: Australia Labor Force Employme

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




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

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

2. Start Forex News Gun client
- Open your Forex News Gun client ( and ) 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 Australia Employment Change.​
- Double click on first row's 'Range To' cell. Type '-10.0' 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 '30.0' 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: Wednesday, August 5, 9:30pm 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 Australia Employment Change, where the same deviation of at least 20.0 occurred. Click here to see such history: Australia Employment Change history 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

Australia Employment Change - 9:30pm NY time (Wednesday, August 5)

--–––––————————————————————–––––--​

Traded currency pair:AUDUSD
Initial spike duration limit:20 seconds
Initial spike price action threshold:20 pips
Triggering retracement percentage:30 %
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 09:29:45pm, so 15 seconds before the announcement, start paying very close attention to the price action of AUDUSD on your chart.

  3. If between 09:30:00pm and 09:30:20pm, so during the first 20 seconds after the report, you see AUDUSD move up or down by 20 pips or more, then enter in the direction of the initial spike at the very first 30% retracement if it occurs in 60 seconds from release time (till 09:31:00pm) – 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 20 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 09:45:00pm, 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 5 2012, at 7:30pm, Australia Employment Change number was released, so in the first 10 seconds, the price of AUDUSD spiked up by 26.7 pips from 1.04471 to 1.04738. Then price started retracing, and within about 20 seconds retraced to 30% level of 1.04658. So you would Buy at 1.04658, set a stop/loss at 1.04558, and set a take/profit at 1.04758. 4 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 a moderator:

Peter O

Special Consultant to the FPA
Messages
3,999

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

Forex News Gun Trade Plan

UK Interest Rate - 7:00am NY time (Thursday, August 6)

--–––––————————————————————–––––--​

Traded pairExpected figureDeviation trigger
GBPUSD0.50 (%)±0.25 (%)
BuyGBPUSDif actual figure is or is above0.75 (%)
SellGBPUSDif actual figure is or is below0.25 (%)

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 ( and ) 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 6, 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.

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 a moderator:

Peter O

Special Consultant to the FPA
Messages
3,999

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

Forex News Gun Trade Plan

Canada Employment Change - 8:30am NY time (Friday, August 7)

--–––––————————————————————–––––--​

Traded pairExpected figureDeviation trigger
CADJPY9.8 (k)±20.0 (k)
BuyCADJPYif actual figure is or is above29.8 (k)
SellCADJPYif actual figure is or is below-10.2 (k)

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


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

Release name in FNG client: STCA Canada Net Change in Labo

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




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

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

2. Start Forex News Gun client
- Open your Forex News Gun client ( and ) 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 Employment Change.​
- Double click on first row's 'Range To' cell. Type '-10.2' 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 '29.8' 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 7, 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 Employment Change, where the same deviation of at least 20.0 occurred. Click here to see such history: Canada Employment Change history 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

USA Nonfarm Payroll - 8:30am NY time (Friday, August 7)

--–––––————————————————————–––––--​

Traded pairExpected figureDeviation trigger
USDJPY224 (k)±75 (k)
BuyUSDJPYif actual figure is or is above299 (k)
SellUSDJPYif actual figure is or is below149 (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 ( and ) 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 '149' 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 '299' 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 7, 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.

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 7)

--–––––————————————————————–––––--​

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.


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

Forex News Gun Trade Plan

Canada Ivey PMI - 10:00am NY time (Friday, August 7)

--–––––————————————————————–––––--​

Traded pairExpected figureDeviation trigger
USDCAD52.5±3.0
BuyUSDCADif actual figure is or is below49.5
SellUSDCADif actual figure is or is above55.5

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


--–––––————— 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:




--–––––————— 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 ( and ) 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 Ivey PMI.​
- Double click on first row's 'Range To' cell. Type '49.5' 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 '55.5' 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: Friday, August 7, 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 Canada Ivey PMI, where the same deviation of at least 3.0 occurred. Click here to see such history: Canada Ivey PMI history 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 a moderator:

Joh

Sergeant Major
Messages
976
Howdy Peter,

Wow cannot believe my eyes, 13 trades Wonderful! Thank you ever so much. Here's hoping to our Lucky 13.
Have a sensational week. Good Luck Everyone!
 

zeromnax

Recruit
Messages
12
Hi, Peter,
Thanks for your continuously keep updating tradable news events. For today, there are two news event at the same time below :

1. US PCE Core (MoM)
2. US Personal Spending

As two news events are at the same time, how do we set the triggering click condition in-order to trigger click only if both results are positive or negative.
Thanks
 

zeromnax

Recruit
Messages
12
Hi, Peter,
Thanks for your continuously keep updating tradable news events. For today, there are two news event at the same time below :

1. US PCE Core (MoM)
2. US Personal Spending

As two news events are at the same time, how do we set the triggering click condition in-order to trigger click only if both results are positive or negative.
Thanks
 
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