Forex Trading Signals Summary - Friday, May 22 2015

[Peter O]

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

Canada Core Retail Sales - 8:30am NY time (Friday, May 22)

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	Traded pair	Expected figure	Deviation trigger
	USDCAD	0.4 (%)	±0.5 (%)

	Buy	USDCAD	if actual figure is or is below	-0.1 (%)
	Sell	USDCAD	if actual figure is or is above	0.9 (%)

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


Review historical charts where the same deviation of at least 0.5 (%) occurred:

Canada Core Retail Sales 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: STCA Canada Retail Sales Ex Mo

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




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O O O
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Diamonds Trading Signals Trade Plan

Canada Core Retail Sales - 8:30am NY time (Friday, May 22)

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	Traded currency pair	:	USDCAD
	Initial spike duration limit	:	30 seconds
	Initial spike price action threshold	:	12 pips
	Triggering retracement percentage	:	40 %
	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. If between 08:30:00am and 08:30:30am, so during the first 30 seconds you see USDCAD 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 doesn't take more than 60 seconds (till 08:31:00am) – and if spread is at 2 pips or less. Set stop/loss at 10 pips, and set take/profit at 10 pips immediately.
   
   
2. 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.
   
   
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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O O O
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Forex News Gun Trade Plan

USA Core CPI - 8:30am NY time (Friday, May 22)

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	Traded pair	Expected figure	Deviation trigger
	USDJPY	0.2 (%)	±0.3 (%)

	Buy	USDJPY	if actual figure is or is above	0.5 (%)
	Sell	USDJPY	if actual figure is or is below	-0.1 (%)

Expected move during first 30 minutes after the release is 25 pips or more.


Review historical charts where the same deviation of at least 0.3 (%) occurred:

USA Core CPI 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: CPI Ex Food & Energy M/M

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




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[CurtisM]

I've recently tried using these signals and Forex gun and mostly been successful, but something strange happened today. First, I noticed that the Canada Core Retail Sales figures listed above didn't equate with ones on the Gun itself, or with other calendars, like the one at Forex Factory.com? So I tried to figure out which one most closely matched and then set up USD.CAD buy/sells accordingly. I had also set up the signal for the US Core CPI and set up buy/sell on another pair. Somehow I ended up selling USD.CAD when I should have been buying and of course lost a bunch. Since the signals/parameters on the Forex Gun disappear soon after figures released I can't easily pin down where I went wrong. Did anyone get on the wrong side of this trade like I did? It was late last night when I set up the signals and I was tired so I'm sure it was mostly human error, but there does remain the fact that the figures above for Canada core retail sales did not coincide with Forex gun?

Thanks for any help
Curtis