Peter O

Special Consultant to the FPA
Messages
3,672

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.

-–––———————————————————————————————————–––-


--–––––——————————————————————————————————————–––––--

Diamonds Trading Signals Trade Plan

UK Services PMI - 4:30am NY time (Wednesday, August 5)

--–––––————————————————————–––––--​

Traded currency pair:GBPUSD
Initial spike duration limit:30 seconds
Initial spike price action threshold:12 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 04:30:00am and 04:30:30am, so during the first 30 seconds you see GBPUSD move up or down by 12 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 04:31:30am) – 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 12 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 04:50:00am, 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.

--–––––——————————————————————————————————————–––––--
O O O
--–––––——————————————————————————————————————–––––--

Forex News Gun Trade Plan

USA ADP Nonfarm Payroll - 8:15am NY time (Wednesday, August 5)

--–––––————————————————————–––––--​

Traded pairExpected figureDeviation trigger
USDJPY213 (k)±50 (k)
BuyUSDJPYif actual figure is or is above263 (k)
SellUSDJPYif actual figure is or is below163 (k)

Expected move during first 20 minutes after the release is 40 pips or more.


Review historical charts where the same deviation of at least 50 (k) occurred:

USA ADP Nonfarm Payroll 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: ADP National Employment Report

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




--–––––——————————————————————————————————————–––––--
O O O
--–––––——————————————————————————————————————–––––--

Diamonds Trading Signals Trade Plan

USA ADP Nonfarm Payroll - 8:15am NY time (Wednesday, August 5)

--–––––————————————————————–––––--​

Traded currency pair:USDJPY
Initial spike duration limit:15 seconds
Initial spike price action threshold:15 pips
Triggering retracement percentage:40 %
Retracement duration limit:40 seconds
Maximum trade hold time after release:15 minutes
Stop loss:10 pips
Take profit:10 pips
Maximum spread:2 pips


  1. If between 08:15:00am and 08:15:15am, so during the first 15 seconds you see USDJPY move up or down by 15 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 40 seconds (till 08:15:40am) – 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 15 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 08:30:00am, 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.

--–––––——————————————————————————————————————–––––--
O O O
--–––––——————————————————————————————————————–––––--

Forex News Gun Trade Plan

USA Non-Manufacturing PMI - 10:00am NY time (Wednesday, August 5)

--–––––————————————————————–––––--​

Traded pairExpected figureDeviation trigger
USDJPY56.2±2.5
BuyUSDJPYif actual figure is or is above58.7
SellUSDJPYif actual figure is or is below53.7

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


Review historical charts where the same deviation of at least 2.5 occurred:

USA Non-Manufacturing PMI 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: ISM Non-Manufacturing Composite

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




--–––––——————————————————————————————————————–––––--
O O O
--–––––——————————————————————————————————————–––––--

Diamonds Trading Signals Trade Plan

USA Non-Manufacturing PMI - 10:00am NY time (Wednesday, August 5)

--–––––————————————————————–––––--​

Traded currency pair:USDJPY
Initial spike duration limit:30 seconds
Initial spike price action threshold:12 pips
Triggering retracement percentage:40 %
Retracement duration limit:90 seconds
Maximum trade hold time after release:15 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 12 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 12 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 10:15:00am, 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.

--–––––——————————————————————————————————————–––––--
O O O
--–––––——————————————————————————————————————–––––--

Forex News Gun Trade Plan

Australia Employment Change - 9:30pm NY time (Wednesday, August 5)

--–––––————————————————————–––––--​

Traded pairExpected figureDeviation trigger
AUDUSD10.0 (k)±20.0 (k)
BuyAUDUSDif actual figure is or is above30.0 (k)
SellAUDUSDif actual figure is or is below-10.0 (k)

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


Review historical charts where the same deviation of at least 20.0 (k) occurred:

Australia Employment Change 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: Australia Labor Force Employme

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




--–––––——————————————————————————————————————–––––--
O O O
--–––––——————————————————————————————————————–––––--

Diamonds Trading Signals Trade Plan

Australia Employment Change - 9:30pm NY time (Wednesday, August 5)

--–––––————————————————————–––––--​

Traded currency pair:AUDUSD
Initial spike duration limit:20 seconds
Initial spike price action threshold:20 pips
Triggering retracement percentage:30 %
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 09:30:00pm and 09:30:20pm, so during the first 20 seconds you see AUDUSD move up or down by 20 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 09:31:00pm) – 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 20 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 09:45:00pm, 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.

--–––––——————————————————————————————————————–––––--​
 
Last edited by a moderator:
Top