Forex Trading Signals Summary - Monday, September 1 2014

[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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Diamonds Trading Signals Trade Plan

UK Manufacturing PMI - 4:30am NY time (Monday, September 1)

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	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. If between 04:30:00am and 04:30:20am, so during the first 20 seconds 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 doesn't take more than 40 seconds (till 04:30:40am) – 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 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.
   
   
3. 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.

To review Diamonds Trading Signals more detailed trade plan go to weekly posts.

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[kambey]

I want trade this news in FNG What's his name? because the names are changed for all news and have different previous.



Aud company operating profit (QoQ) -08
Uk hbos house price index (MoM) 0.3
Germany GDP (qoq) 0.7
Germany GDP (YoY) 0.5

Where got FNG this previous??? :S:S i don't see the same previous in the calendar.

 

[Peter O]

Yup, forecast is already there so you can use those for matching. I see that perhaps many times FNG doesn't handle revisions.