Forex Trading Signals Summary - Tuesday, February 28 2017

Peter O

Special Consultant to the FPA
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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 GDP ⋯ 8:30am NY time (Tuesday, February 28)

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Traded pairExpected figureDeviation trigger
USDJPY2.1 (%)±0.5 (%)
BuyUSDJPYif actual figure is or is above2.6 (%)
SellUSDJPYif actual figure is or is below1.6 (%)

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 GDP history of charts.​




⋯⋯⋯⋯⋯ FNG Configuration ⋯⋯⋯⋯⋯​

Release name in FNG client: US GDP Annualized

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



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Diamonds Trading Signals Trade Plan​

USA GDP ⋯ 8:30am NY time (Tuesday, February 28)

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Traded currency pairUSDJPY
Initial spike duration limit30 seconds
Initial spike price action threshold10 pips
Triggering retracement percentage40 %
Retracement duration limit90 seconds
Maximum trade hold time after release15 minutes
Stop loss10 pips
Take profit10 pips
Maximum spread2 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 10 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 90 seconds (till 08:31:30am) – 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 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.


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Forex News Gun Trade Plan​

Australia GDP ⋯ 7:30pm NY time (Tuesday, February 28)

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Traded pairExpected figureDeviation trigger
AUDUSD0.7 (%)±0.3 (%)
BuyAUDUSDif actual figure is or is above1.0 (%)
SellAUDUSDif actual figure is or is below0.4 (%)

Expected move during first 45 minutes after the release is 50 pips or more.


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

Australia GDP history of charts.​




⋯⋯⋯⋯⋯ FNG Configuration ⋯⋯⋯⋯⋯​

Release name in FNG client: AUD GDP q/q

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



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Diamonds Trading Signals Trade Plan​

Australia GDP ⋯ 7:30pm NY time (Tuesday, February 28)

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Traded currency pairAUDUSD
Initial spike duration limit10 seconds
Initial spike price action threshold25 pips
Triggering retracement percentage30 %
Retracement duration limit60 seconds
Maximum trade hold time after release20 minutes
Stop loss15 pips
Take profit15 pips
Maximum spread3 pips


  1. If between 07:30:00pm and 07:30:10pm, so during the first 10 seconds you see AUDUSD 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 60 seconds (till 07:31:00pm) – 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 10 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 07:50:00pm, so 20 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.


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