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.
Forex News Gun Trade Plan
Canada Ivey PMI ⋯ 10:00am NY time (Tuesday, March 7)
|Traded pair||Expected figure||Deviation trigger|
|Buy||USDCAD||if actual figure is or is below||55.8|
|Sell||USDCAD||if actual figure is or is above||61.8|
Expected move during first 30 minutes after the release is 20 pips or more.
Review historical charts where the same deviation of at least 3.0 occurred:
Canada Ivey PMI history of charts.
⋯⋯⋯⋯⋯ FNG Configuration ⋯⋯⋯⋯⋯
Release name in FNG client: Canada Ivey PMI
Clicks: first row is for Buy USDCAD button, second one is for Sell USDCAD button:
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