Peter O

Special Consultant to the FPA
Messages
3,639

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 Core Retail Sales - 8:30am NY time (Thursday, August 13)

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Traded pairExpected figureDeviation trigger
USDJPY0.4 (%)±0.5 (%)
BuyUSDJPYif actual figure is or is above0.9 (%)
SellUSDJPYif actual figure is or is below-0.1 (%)

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


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

USA 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: US Adjusted Retail Sales Less Autos

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 Core Retail Sales - 8:30am NY time (Thursday, August 13)

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Traded currency pair:USDJPY
Initial spike duration limit:15 seconds
Initial spike price action threshold:8 pips
Triggering retracement percentage:35 %
Retracement duration limit:40 seconds
Maximum trade hold time after release:15 minutes
Stop loss:8 pips
Take profit:8 pips
Maximum spread:2 pips


  1. If between 08:30:00am and 08:30:15am, so during the first 15 seconds you see USDJPY move up or down by 8 pips or more, then enter in the direction of the initial spike at the very first 35% retracement if it doesn't take more than 40 seconds (till 08:30:40am) – and if spread is at 2 pips or less. Set stop/loss at 8 pips, and set take/profit at 8 pips immediately.

  2. If the move either up or down was less than 8 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.

  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

New Zealand Retail Sales - 6:45pm NY time (Thursday, August 13)

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Traded pairExpected figureDeviation trigger
NZDUSD0.5 (%)±0.5 (%)
BuyNZDUSDif actual figure is or is above1.0 (%)
SellNZDUSDif actual figure is or is below0.0 (%)

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


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

New Zealand 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: New Zealand Retail Sales

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




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Joh

Sergeant Major
Messages
976
Thank You Peter for the trades. Hope they are a success for everyone - Have a Great Week end :)
 
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