Forex Trading Signals Summary - Tuesday, March 24 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

UK CPI - 5:30am NY time (Tuesday, March 24)

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	Traded pair	Expected figure	Deviation trigger
	GBPUSD	0.1 (%)	±0.3 (%)

	Buy	GBPUSD	if actual figure is or is above	0.4 (%)
	Sell	GBPUSD	if actual figure is or is below	-0.2 (%)

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


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

UK 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: UK CPI EU Harmonized YoY

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




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O O O
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Diamonds Trading Signals Trade Plan

UK CPI - 5:30am NY time (Tuesday, March 24)

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	Traded currency pair	:	GBPUSD
	Initial spike duration limit	:	20 seconds
	Initial spike price action threshold	:	15 pips
	Triggering retracement percentage	:	50 %
	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 05:30:00am and 05:30:20am, so during the first 20 seconds you see GBPUSD move up or down by 15 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 60 seconds (till 05:31:00am) – 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 15 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 05:45:00am, 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 (Tuesday, March 24)

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	Traded pair	Expected figure	Deviation trigger
	USDJPY	0.1 (%)	±0.3 (%)

	Buy	USDJPY	if actual figure is or is above	0.4 (%)
	Sell	USDJPY	if actual figure is or is below	-0.2 (%)

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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O O O
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Forex News Gun Trade Plan

USA New Home Sales - 10:00am NY time (Tuesday, March 24)

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	Traded pair	Expected figure	Deviation trigger
	USDJPY	469 (k)	±70 (k)

	Buy	USDJPY	if actual figure is or is above	539 (k)
	Sell	USDJPY	if actual figure is or is below	399 (k)

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


Review historical charts where the same deviation of at least 70 (k) occurred:

USA New Home 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: USA New One Family Houses Sold

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



WARNING: Be sure to set 'Range From' interval also in this case in first row (lower interval)!
Otherwise event triggers anyway because there is a name conflict in FNG events dictionary.
(It mixes up New Home Sales and New Home Sales Change.)


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O O O
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Diamonds Trading Signals Trade Plan

USA New Home Sales - 10:00am NY time (Tuesday, March 24)

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	Traded currency pair	:	USDJPY
	Initial spike duration limit	:	30 seconds
	Initial spike price action threshold	:	10 pips
	Triggering retracement percentage	:	40 %
	Retracement duration limit	:	90 seconds
	Maximum trade hold time after release	:	20 minutes
	Stop loss	:	10 pips
	Take profit	:	10 pips
	Maximum spread	:	2 pips

1. If between 10:00:00am and 10:00:30am, 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 10:01:30am) – 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 10:20:00am, 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.

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

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[Joh]

re USA Core CPI and USA Home sales

Hi Peter,
Thank you for all your amazing FNG trades - Love them!

Have a Q. Today's USA Core CPI and USA new Home Sales you have given us to trade the U/Y on the FNG but in case they do not trigger i like to check the possibility to trade the dia method and wanted to check the spike scenario of prev. trades charts to see to enter or not- when i checked yr prev months charts i noticed they are in EU Curr. not UY - now i am not certain how to evaluate/compare these- could you shed some light on that for me please.

Thank you heaps again for all your efforts to please us

 

[mollymay]

Hi Peter, because, of course, speed is of the essence with spike trading. IKs it possible to use a VPS with the Gun's triggers to speed up the signal? Thanks, Neil

 

[tomazik]

Hello Peter,

Why FNG shows Forecast for USA New One Family Houses Sold at 464, Forex Calendar shows 465 and on this page is 469?

Tomasz

 

[Peter O]

Hi Peter,
Thank you for all your amazing FNG trades - Love them!

Have a Q. Today's USA Core CPI and USA new Home Sales you have given us to trade the U/Y on the FNG but in case they do not trigger i like to check the possibility to trade the dia method and wanted to check the spike scenario of prev. trades charts to see to enter or not- when i checked yr prev months charts i noticed they are in EU Curr. not UY - now i am not certain how to evaluate/compare these- could you shed some light on that for me please.

Thank you heaps again for all your efforts to please us

There may be several aspects but the most important to me is to get a somewhat isolated environment for news trading. I mean I'm inclined to use a currency pair at which news events tend to have clearer or bigger impact. Well, in this case EURUSD many times performs better than USDJPY but I shy away from using EURUSD because of the huge trending / fundamental effects. Practically all events worked out well that were in favor of USD--on the one hand due to USA's 'taxation of foreign reserves' and on the other hand due to Greece. But I'm about to trade news spikes, so I would trade USDJPY for now. I used EURUSD a while ago, but later, due to these reasons I changed for USDJPY.

 

[Peter O]

Hi Peter, because, of course, speed is of the essence with spike trading. IKs it possible to use a VPS with the Gun's triggers to speed up the signal? Thanks, Neil

Of course it's better to be closer to the source--ping time is significantly lower. Server is on the US East Coast, so you may benefit from making use of a VPS there.

 

[Peter O]

Hello Peter,

Why FNG shows Forecast for USA New One Family Houses Sold at 464, Forex Calendar shows 465 and on this page is 469?

Tomasz

It depends on the source and the time. There are quite a few news agencies and they have several experts. They send in forecast values one by one, and the aggregated value forms after statistical processing. So different sources yield different values, and these values usually keep changing in the days before the event along with new incoming individual forecasts. Differences are very rarely significant though.