Forex Signal (Wednesday December 7, 2011 – 7:30pm EDT) – AU Employment Change

[Stavro D'Amore]

Hello All,

Today we have AU Employment Change numbers due to arrive, please be mindful of the bellow trade plan and be diligent with your trading.

AU Employment Change
Forecast 10.6K
Previous 10.1K
Pair to trade: AUD/USD

Numbers we need:
BUY AUD/USD 35K
SELL AUD/USD -15K

Economical Impact: High
Typical Result: Good for Currency
Occurrence: monthly 10 days after month ends
Spike Probability: Good, we can see 40 pips on initial spike

About our Triggers:
AU Employment Change forecasted to arrive at 10K
We are looking for a deviation of 25K to the upside to BUY AUD/USD and a deviation of 25K to the downside to SHORT AUD/USD
So the summary is we get 35K or better I will look to enter a LONG position on AUD/ USD and if we get -15K or lower I will go SHORT on AUD/USD.
Should this report be triggered, we can expect to see about 40 pips on the initial spike.
This trade will have a good chance of a 30% retrace on the initial spike so I recommend trading the retracement method as stated bellow.

NOTE: We can have a conflict of AU Unemployment numbers that is due to arrive the same time, This is forecasted at 5.2% and is expected to come at 5.2%.

What is it? And why does the market care?
The Unemployment Rate is a measure of the percentage of the total labor force that is unemployed but actively seeking employment and willing to work in Australia.
A high percentage indicates weakness in the labor market. A low percentage is a positive indicator for the labor market in Australia and should be taken as positive for the AUD..

Method I use to trade this:
Stavro D’Amore Trading Method

Felix Trade Descriptions
Trading Indicators

There is no Pre news; however in saying this we might see a little sell off in the AUD before the release.

I do recommend spike trading as an option. Liquidity is very good at the moment if you are using an ECN broker. Please use no more than a 15 pip limit order to control slippage.

I will look for a 30% retracement in the original spike before entering. I will be looking at a 5 minute chart. I will sell half my position as soon as I hit the original high point of the first initial spike and place a SL at the original spike price.

My TP level would be just before a resistance level or if the chart decides to form a support level, looking at a 15 minute chart time frame to analyze this.

Historical Chart and Data for AU Employment Change

All the best

Stavro D’Amore

 

[Louis123321]

Hi Stavro, great work.

Just wondering; how could the conflict of the AU Unemployment report alter this potential spike and how should we prepare for this if it does conflict & something unexpected happens? Should we resume the trade, or stopsell/buy minus ## pips.

Thanks!

 

[mukgunthan]

hi Stavro,
im using meta4 platform to trade, how to read use this signal. kindly need ur asst.

 

[Louis123321]

hi Stavro,
im using meta4 platform to trade, how to read use this signal. kindly need ur asst.

How do trade it on MT4? I'm using that to trade these too, and im successful 90%+ of the time with Stavro's news releases signals.

1st i go here; EST – Eastern Standard Time

Live EST, US time.

2nd i go here Forex Calendar @ Forex Factory

Live market updates, look at the updates & about 5 min to the release of the data a little green "refresh" icon will pop up, keep refreshing that from 1 min before release to the release, it's normally 5 sec delay'd from the release, but its great! Many people pay for live update services such as Trade The News etc, to hear on radio live exactly what the data is when it gets released. But This is good enough.

3rd, this i'd think would be pretty obvious, but you'd need to make sure you have AUDUSD 5min timeframe chart up on your mt4. and click "new trade", to see the tick chart & be ready to enter the trade.

Tab between these windows for a successful trade, IF the triggers are hit... & also be careful, count how many pips stavro predicts it will go up/down by, and mark it on your chart, then alter it depending on what the figures released are.. Only trade if the triggers are hit !!! Or its way too risky, you could make tons more but also lose everything if you don't, so it's not worth it believe me. Doing this even if you close the trade pretty fast and get scared, you will still make decent money depending on your lot size.

I'm building my $500 mini account up from these news signals alone, i have 1:500 leverage, and I trade these signals between 0.7 lots and 1 lot. Very risky & probably very dumb, but if you know what you're doing it's quite good.

Louis

 

[Louis123321]

Damn I missed out on this, it didn't seem to retrace properley, or/and.. I didn't enter, congrats to all those who made a killing off of this one !

 

[Sivamayam]

mt4

DEAR MUKGUNDAN,
STAVRO'S SIGNAL CAN WORK IN ALL PLATFORMS,BUT YOU NEED TO HAVE GOOD KNOWLEDGE TO EAPPLY THE TRADE.iF NEED MORE DETAIS MAIL ME IN SIVARAJ.T@GMAIL.COM