Peter O

Special Consultant to the FPA
Messages
4,744

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.

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Forex News Gun Trade Plan

USA Nonfarm Payroll - 8:30am NY time (Friday, March 6)

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Traded pairExpected figureDeviation trigger
USDJPY238 (k)±75 (k)
BuyUSDJPYif actual figure is or is above313 (k)
SellUSDJPYif actual figure is or is below163 (k)

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


Review historical charts where the same deviation of at least 75 (k) occurred:

USA Nonfarm Payroll history of charts.


To review Forex News Gun step by step trade plan go to weekly detailed posts.


--–––––————— 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:




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O O O
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Diamonds Trading Signals Trade Plan

USA Nonfarm Payroll - 8:30am NY time (Friday, March 6)

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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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Last edited by a moderator:
numbers were slow, others came in way before and on time. Prob an issue with service provider and not FNG.

I made 22 pips from the pullback, thanks
 
The signal on the news (Non-Farm Employment Change) came on FNG-autoclicker for about half a minute later when the price has increased. What is the reason?
 
I had been looking for this signals, I was not able to find it. Finally found it. I wonder how I miss this opportunity!!!
 
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