Want more trading options?? – Find out about FOREX News trading!

There is a series of e-books in the Kindle Book store on Amazon which deal with FOREX trading the economic news reports;

Currently these titles are available:

“Trade US Non-Farm Employment Change and Unemployment Rat Reports M over M”  NEW

“Trade New Zealand Retail Sales Report – M over M – News Report”

“Trade US Core Durable Goods Orders – News Report”

“Trade Australian Gross Domestic Product – Q over Q – News Report”

“Trade the British Gross Domestic Product – Q over Q – News Report”

“Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report”

“Trade European German Factory Orders News Report M over M”

Click here FOREX Trade the News… What are the Odds?

Only a $1.99 each!! From Amazon Kindle.

Tomorrow, Wednesday, 05-23-12 at 10:00 AM ET, the USD New Home Sales monthly report will be released by the Census Bureau

I was out of town last release – no trade.

I did a “follow up” of the last “preview” post of these reports on Saturday, 03-24-12, click here for a review.

Disclaimer:

I have discontinued news currency trading since I do not know the political bent of the reporting agencies – world wide economic problems have put political leaders in a very powerful position – so, take each news report with a “grain of salt”

I will continue recording the news reports.

Here is what is coming up tomorrow:

USD – New Home Sales – Stats

Previous = 328K    

Forecast = 335K    

Here is how I am set up for tomorrow:

USD-10-00AM-ET-05-23-12
Looking for a 30K difference
Actual > Forecast = Good for the USD
USD New Home Sales
——actual———-forecast——previous
____________________335K _____328K
out at 365K or higher – BUY USD/JPY
out at 305K or lower – SELL USD/JPY

Remember, what has happened in the past may not repeat itself under similar circumstances.

I will post a “follow up” post of these reports.

The next scheduled report is on Monday, 06-25-12 at 10:00 AM ET.

I will probably post a “preview” a day or two prior.

Stay tuned!

P.S. If you are interested in how I set up for a news trade – click on the “Training” link above for several videos.

P.P.S. If you are interested in the books I studied and recommend – click on the “FOREX Books” link above.

There was not a good trigger last month, did not enter a trade

Want more trading options?? – Find out about FOREX News trading!

There is a series of e-books in the Kindle Book store on Amazon which deal with FOREX trading the economic news reports;

Currently these titles are available:

“Trade US Non-Farm Employment Change and Unemployment Rat Reports M over M”  NEW

“Trade New Zealand Retail Sales Report – M over M – News Report”

“Trade US Core Durable Goods Orders – News Report”

“Trade Australian Gross Domestic Product – Q over Q – News Report”

“Trade the British Gross Domestic Product – Q over Q – News Report”

“Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report”

“Trade European German Factory Orders News Report M over M”

Click here FOREX Trade the News… What are the Odds?

Only a $1.99 each!! From Amazon Kindle.

Disclaimer:

I have discontinued news currency trading since I do not know the political bent of the reporting agencies – world wide economic problems have put political leaders in a very powerful position – so, take each news report with a “grain of salt”

I will continue recording the news reports.

Tomorrow, Tuesday, 05-22-12 at 10:00 AM ET one important USD report is to be released, this is the USD Existing Home Sales report, released monthly by the National Association of Realtors.

There are 2 other news release as well:

USD Richmond Manufacturing Index
Released monthly by Federal Reserve Bank of Richmond

EUR Consumer Confidence
Released monthly by Eurostat

There was not a good trigger last month, did not enter a trade

I did a “follow up” post on the April report, click here for a review.

Here are the stats for this month:

USD Existing Home Sales  stats:

Previous = 4.48 M

Forecast = 4.64 M

This “forecast” indicates that there will be a decrease of home sales of about 160,000 homes over last months sales.

Here is how I am set up for tomorrow:

USD-10-00AM-ET-05-22-12
Looking for a 200K difference
Actual > Forecast = Good for USD
USD Existing Home Sales
——actual——–forecast———-previous
______________4.64M________4.48M
Out at 4.84M or Higher – SELL EUR/USD
Out at 4.44M or Lower – BUY EUR/USD

I think that a good difference between the “actual” and the “forecast” of say 200K or more could present a brief “scalp” opportunity with the currency pair EUR/USD currency pair.

Here is a video of  a trade setup and results for the news release on Wednesday 09-21-11

I will post a “follow up” on the results of this report.

The next release of theses reports will be on Thursday, 06-21-12 at 10:00 AM ET.

I will probably post a “preview” a day or two prior.

So, stay tuned!

P.S. If you are interested in how I set up for a news trade – click on the “Training” link above for some videos.

P.P.S. If you are interested in the books I studied and recommend – click on the “FOREX Books” link above.

Want more trading options?? – Find out about FOREX News trading!

There is a series of e-books in the Kindle Book store on Amazon which deal with FOREX trading the economic news reports;

Currently these titles are available:

“Trade US Non-Farm Employment Change and Unemployment Rat Reports M over M”  NEW

“Trade New Zealand Retail Sales Report – M over M – News Report”

“Trade US Core Durable Goods Orders – News Report”

“Trade Australian Gross Domestic Product – Q over Q – News Report”

“Trade the British Gross Domestic Product – Q over Q – News Report”

“Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report”

“Trade European German Factory Orders News Report M over M”

Click here FOREX Trade the News… What are the Odds?

Only a $1.99 each!! From Amazon Kindle.

On Monday, 05-07-12 at 8:30 AM ET, the Canadian “Statistics Canada” released the monthly CAD Building Permits MoM report.

I posted a “preview” of this economic news report on Sunday, 05-06-12, click here to view.

Here is what happened:

CAD -  Building Permits m/m  – Stats

Previous = 7.5%———————–revised = 7.6%

Forecast = 2.3%———————–revised = -0.5%

Actual = 4.7%

Here is how I was set up and what happened:

USD-8-30AM-ET-05-07-12
Looking for a 2.0 difference
Actual > Forecast = Good for CAD
CAD -  Building Permits m/m
——actual——–forecast——–previous
_____________2.3%_________7.5%
____4.7%____ -0.5%________ 7.6%
Out at 4.3 % or more – BUY CAD/CHF
Out at -0.3 % or less – SELL CAD/CHF

Good  – “actual” came out higher than “forecast“ by 2.4%
Good – “actual” came out higher than revised “forecast“ by 5.2%
Bad – “actual” came out lower than “previous“ by 2.8%
Bad – “actual” came out lower than revised “previous“ by 2.9%

I did not enter a trade, the trigger was good!

Here are the charts:

(AUD/CAD)

a one minute AUD/CAD chart

This currency pair AUD/CAD ranged up for 17 minutes about 3 PIPS
Moved down next 28 minutes about 10 PIPS – right direction

(CAD/CHF)

a one minute CAD/CHF chart

This currency pair CAD/CHF moved up next 23 minutes about 7 PIPS – right direction

(CAD/JPY)

a one minute CAD/JPY chart

This currency pair CAD/JPY ranged

(EUR/CAD)

a one minute EUR/CAD chart

This currency pair EUR/CAD moved down next 23 minutes about 9 PIPS – right direction

(GBP/CAD)

a one minute GBP/CAD chart

This currency pair GBP/CAD moved down next 48 minutes about 27 PIPS – right direction – BEST

(NZD/CAD)

a one minute NZD/CAD chart

This currency pair NZD/CAD ranged for 12 minutes
Moved down next 11 minutes about 6 PIPS - right direction

(USD/CAD)

a one minute USD/CAD chart

This currency pair USD/CAD moved down for 11 minutes about 5 PIPS – right direction

The next scheduled release of these reports on Tuesday, 06-05-12 at 7:30 AM ET, at this point in time there may be additional reports released at the same time.

I will probably post a “preview“ a day or two prior.

Stay tuned!

P.S. If you are interested in how I set up for a news trade – click on the “Training” link above for some videos

P.P.S. If you are interested in the books I studied and recommend – click on the “FOREX Books” link above.

There are no other news reports this time

Want more trading options?? – Find out about FOREX News trading!

There is a series of e-books in the Kindle Book store on Amazon which deal with FOREX trading the economic news reports;

Currently these titles are available:

“Trade US Non-Farm Employment Change and Unemployment Rat Reports M over M”  NEW

“Trade New Zealand Retail Sales Report – M over M – News Report”

“Trade US Core Durable Goods Orders – News Report”

“Trade Australian Gross Domestic Product – Q over Q – News Report”

“Trade the British Gross Domestic Product – Q over Q – News Report”

“Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report”

“Trade European German Factory Orders News Report M over M”

Click here FOREX Trade the News… What are the Odds?

Only a $1.99 each!! From Amazon Kindle.

On Monday, 05-07-12 at 8:30 AM ET, the Canadian Statistics Canada will release the monthly CAD Building Permits MoM report.

I did post  a “follow up” for the March report, click here to see what happened.

Here is what is going on tomorrow:

CAD -  Building Permits m/m – Stats

Previous = 7.5%

Forecast = 2.3%

Here is how I am set up for tomorrow:

USD-8-30AM-ET-05-07-12
Looking for a 2.0 difference
Actual > Forecast = Good for CAD
CAD -  Building Permits m/m
——actual——–forecast——–previous
_____________2.3%_________7.5%
Out at 4.3 % or more – BUY CAD/CHF
Out at -0.3 % or less – SELL CAD/CHF

I have set up to trade the CAD/CHF currency pair – looking for a 2.0% difference between the “actual“ and the “forecast“.

Soon after this report was released, I did post a “follow up” report of these results, click here to see what happened.

The next scheduled release of this report is on Tuesday, 06-05-12 at 7:30 AM ET.

I will probably post a “preview“ a day or two prior.

Stay tuned!

P.S. If you are interested in how I set up for a news trade – click on the “Training” link above for some videos.

P.P.S. If you are interested in the books I studied and recommend – click on the “FOREX Books” link above.

Did not enter a trade this time

Want more trading options?? – Find out about FOREX News trading!

There is a series of e-books in the Kindle Book store on Amazon which deal with FOREX trading the economic news reports;

Currently these titles are available:

“Trade US Non-Farm Employment Change and Unemployment Rat Reports M over M”  NEW

“Trade New Zealand Retail Sales Report – M over M – News Report”

“Trade US Core Durable Goods Orders – News Report”

“Trade Australian Gross Domestic Product – Q over Q – News Report”

“Trade the British Gross Domestic Product – Q over Q – News Report”

“Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report”

“Trade European German Factory Orders News Report M over M”

Click here FOREX Trade the News… What are the Odds?

Only a $1.99 each!! From Amazon Kindle.

On Thursday, 04-19-12 at 10:00 AM ET, a USD report was released, it was the USD Existing Home Sales report, released monthly by the National Association of Realtors.

I did a “preview” post on Wednesday, 04-18-12 for these reports, click here for a review.

There are 3 other news release as well:

USD Philly Fed Manufacturing Index
Released monthly by Federal Reserve Bank of Philadelphia

USD CB Leading Index m/m 
Released monthly by The Conference Board Inc.

EUR Consumer Confidence
Released monthly by Eurostat

Did not enter a trade this time!

Disclaimer:

I have discontinued news currency trading since I do not know the political bent of the reporting agencies – world wide economic problems have put political leaders in a very powerful position – so, take each news report with a “grain of salt”

I will continue recording the news reports.

Here are the stats for this month:

USD Existing Home Sales  stats:

Previous = 4.59 M

Forecast = 4.62 M

Actual = 4.48 M

Here is how I was set up for these reports, and the results:

USD-10-00AM-ET-04-19-12
Looking for a 200K difference
Actual > Forecast = Good for USD
USD Existing Home Sales
——actual——–forecast———-previous
_____4.48 M____4.62M________4.59M
Out at 4.82M or Higher – SELL EUR/USD
Out at 4.42M or Lower – BUY EUR/USD

Bad – “actual” came out lower then “forecast” by 140 K
Bad – “actual” came out lower then “previous” by 110 K

Let’s take a look at the charts and see how things worked out:

(AUD/USD )

a one minute AUD/USD chart

This AUD/USD currency pair moved down for 16 minutes about 32 PIPS – wrong direction

(EUR/USD)

a one minute EUR/USD chart

This EUR/USD currency pair ranged for 18 minutes

(GBP/USD)

a one minute GBP/USD chart

This GBP/USD currency pair ranged for 20 minutes

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair moved up for 10 minutes about 22 PIPS – wrong direction

(USD/CHF )

a one minute USD/CHF chart

This USD/CHF currency pair ranged for 18 minutes

(NZD/USD)

a one minute NZD/USD chart

This NZD/USD currency pair moved down for 11 minutes about 28 PIPS – wrong direction

(USD/JPY )

a one minute USD/JPY chart

This USD/JPY currency pair ranged for 24 minutes

The next scheduled release of this report will be Tuesday, 05-22-12 at 10:00 AM ET.

A month is a long time, re-scheduling can occur any time.

I will probably be writing a “preview” post for this up-coming report.

So, stay tuned!

P.S. If you are interested in how I set up for a news trade – click on the “Training” link above for some videos.

P.P.S. If you are interested in the books I studied and recommend – click on the “FOREX Books” link above.

There was not a good trigger last month, did not enter a trade

Want more trading options?? – Find out about FOREX News trading!

There is a series of e-books in the Kindle Book store on Amazon which deal with FOREX trading the economic news reports;

Currently these titles are available:

“Trade US Non-Farm Employment Change and Unemployment Rat Reports M over M”  NEW

“Trade New Zealand Retail Sales Report – M over M – News Report”

“Trade US Core Durable Goods Orders – News Report”

“Trade Australian Gross Domestic Product – Q over Q – News Report”

“Trade the British Gross Domestic Product – Q over Q – News Report”

“Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report”

“Trade European German Factory Orders News Report M over M”

Click here FOREX Trade the News… What are the Odds?

Only a $1.99 each!! From Amazon Kindle.

Disclaimer:

I have discontinued news currency trading since I do not know the political bent of the reporting agencies – world wide economic problems have put political leaders in a very powerful position – so, take each news report with a “grain of salt”

I will continue recording the news reports.

Tomorrow, Thursday, 04-19-12 at 10:00 AM ET one important USD report is to be released, this is the USD Existing Home Sales report, released monthly by the National Association of Realtors.

There are 3 other news release as well:

USD Philly Fed Manufacturing Index  
Released monthly by Federal Reserve Bank of Philadelphia

USD CB Leading Index m/m 
Released monthly by The Conference Board Inc.

EUR Consumer Confidence
Released monthly by Eurostat

There was not a good trigger last month, did not enter a trade

I did a “follow up” post on the March report, click here for a review.

Here are the stats for this month:

USD Existing Home Sales  stats:

Previous = 4.59 M

Forecast = 4.62 M

This “forecast” indicates that there will be a increase of home sales of about 30,000 homes over last months sales.

Here is how I am set up for tomorrow:

USD-10-00AM-ET-04-19-12
Looking for a 200K difference
Actual > Forecast = Good for USD
USD Existing Home Sales
——actual——–forecast———-previous
______________4.62M________4.59M
Out at 4.82M or Higher – SELL EUR/USD
Out at 4.42M or Lower – BUY EUR/USD

I think that a good difference between the “actual” and the “forecast” of say 200K or more could present a brief “scalp” opportunity with the currency pair EUR/USD currency pair.

I did post a “follow up” on the results of this report, click here to see what happened.

The next release of theses reports will be on Tuesday, 05-22-12 at 10:00 AM ET.

I will probably post a “preview” a day or two prior.

So, stay tuned!

P.S. If you are interested in how I set up for a news trade – click on the “Training” link above for some videos.

P.P.S. If you are interested in the books I studied and recommend – click on the “FOREX Books” link above.

No trigger – I did not enter a trade this month!!

Want more trading options?? – Find out about FOREX News trading!

There is a series of e-books in the Kindle Book store on Amazon which deal with FOREX trading the economic news reports;

Currently these titles are available:

“Trade New Zealand Retail Sales Report – M over M – News Report”
“Trade US Core Durable Goods Orders – News Report”
“Trade Australian Gross Domestic Product – Q over Q – News Report”
“Trade the British Gross Domestic Product – Q over Q – News Report”
“Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report”
“Trade European German Factory Orders News Report M over M”  NEW

Click here FOREX Trade the News… What are the Odds?

On Friday, 03-23-12 at 10:00 AM ET, the USD New Home Sales report was  released by the Census Bureau

I did a “preview” of these reports on Thursday, 03-22-12, click here for a review.

Disclaimer:

I have discontinued news currency trading since I do not know the political bent of the reporting agencies – world wide economic problems have put political leaders in a very powerful position – so, take each news report with a “grain of salt”

I will continue recording the news reports.

Here is what happened:

USD – New Home Sales – Stats

Previous = 321K—————revised=318K

Forecast = 326K

Actual = 313K

Here is how I was set up and the results:

USD-10-00AM-ET-03-23-12
Looking for a 30K difference
Actual > Forecast = Good for the USD
USD New Home Sales
——actual———-forecast——previous
________________326K _____321K
_____313K_______ 326K_____ 318K
out at 356K or higher – BUY USD/JPY
out at 296K or lower – SELL USD/JPY

Bad – “actual” came out lower than “forecast” by 13K
Bad- “actual” came out lower than “previous” by 8K
Bad – “actual” came out lower then revised “previous” by 5K

No trigger – I did not enter a trade this month!!

Here are the charts.

(AUD/USD)

a one minute AUD/USD chart

The AUD/USD  currency pair minor range for 5 minutes
Moved down for 7 minutes about 18 PIPS – wrong direction
Moved up next 46 minutes about 71 PIPS – right direction

(EUR/USD)

a one minute EUR/USD chart

The EUR/USD currency pair ranged up for 7 minutes about 10 PIPS – right direction
Moved down for 7 minutes about 26 PIPS – wrong direction
Moved up next 44 minutes about 55 PIPS – right direction

(GBP/USD)

a one minute GBP/USD chart

The GBP/USD currency pair ranged for 7 minutes
Ranged for 10 minutes
Moved up next 8 minutes about 24 PIPS – right direction

(NZD/USD)

a one minute NZD/USD chart

The NZD/USD currency pair moved down for 12 minutes about 26 PIPS – wrong direction
Moved up next 46 minutes about 52 PIPS - right direction

(USD/CAD)

a one minute USD/CAD chart

The USD/CAD currency pair moved up for 12 minutes about 24 PIPS - wrong direction
Moved down for 33 minutes about 25 PIPS – right direction

(USD/CHF)

a one minute USD/CHF chart

The USD/CHF currency pair minor range for 7 minutes
Moved up next 7 minutes about 19 PIPS – wrong direction
Moved down for 44 minutes about 31 PIPS – right direction

(USD/JPY)

a one minute USD/JPY chart

The USD/JPY currency pair moved down for 15 minutes about 32 PIPS – right direction

The next schedule release of these reports will be on Tuesday, 04-24-12 at 10:00 AM ET.

I will probably post a “preview” a day or two prior.

Stay tuned!

P.S. If you are interested in how I set up for a news trade – click on the “Training” link above for some videos.

P.P.S. If you are interested in the books I studied and recommend – click on the “FOREX Books” link above.

Did not enter a trade this time

Want more trading options?? – Find out about FOREX News trading!

There is a series of e-books in the Kindle Book store on Amazon which deal with FOREX trading the economic news reports;

Currently these titles are available:

“Trade New Zealand Retail Sales Report – M over M – News Report”
“Trade US Core Durable Goods Orders – News Report”
“Trade Australian Gross Domestic Product – Q over Q – News Report”
“Trade the British Gross Domestic Product – Q over Q – News Report”
“Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report”
“Trade European German Factory Orders News Report M over M”  NEW

Click here FOREX Trade the News… What are the Odds?

On Wednesday, 03-21-12 at 10:00 AM ET, a USD report was released, it was the USD Existing Home Sales report, released monthly by the National Association of Realtors.

I did a “preview” post on Tuesday, 03-20-12 for these reports, click here for a review.

There was a speech by FOMC Member Tarullo

Did not enter a trade this time!

Disclaimer:

I have discontinued news currency trading since I do not know the political bent of the reporting agencies – world wide economic problems have put political leaders in a very powerful position – so, take each news report with a “grain of salt”

I will continue recording the news reports.

Here are the stats for this month:

USD Existing Home Sales  stats:

Previous = 4.57 M—————revised = 4.63 M

Forecast = 4.61 M

Actual = 4.59 M

Here is how I was set up for these reports, and the results:

USD-10-00AM-ET-03-21-12
Looking for a 200K difference
Actual > Forecast = Good for USD
USD Existing Home Sales
——actual——–forecast———-previous
______________4.61M________4.57M
_____4.59M___ 4.61M________ 4.63M
Out at 4.81M or Higher – SELL EUR/USD
Out at 4.41M or Lower – BUY EUR/USD

Bad – “actual” came out lower then “forecast” by 20 K
Good – “actual” came out higher then “previous” by 20 K
Bad – “actual” came out lower then revised “previous” by 40 K

Let’s take a look at the charts and see how things worked out:

(AUD/USD )

a one minute AUD/USD chart

This AUD/USD currency pair ranged for 14 minutes
Moved up for 3 minutes about 12 PIPS

(EUR/USD)

a one minute EUR/USD chart

This EUR/USD currency pair ranged for 10 minutes
Moved up for 7 minutes about 44 PIPS

(GBP/USD)

a one minute GBP/USD chart

This GBP/USD currency pair ranged for 9 minutes
Moved down for 2 minutes about 11 PIPS
Moved up next 6 minutes about 31 PIPS

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair moved up next 10 minutes about 12 PIPS
Moved down next 7 minutes about 14 PIPS

(USD/CHF )

a one minute USD/CHF chart

This USD/CHF currency pair ranged up for 11 minutes about 8 PIPS
Moved down next 6 minutes about 27 PIPS

(NZD/USD)

a one minute NZD/USD chart

This NZD/USD currency pair ranged down for 10 minutes
Moved up next 7 minutes about 20 PIPS

(USD/JPY )

a one minute USD/JPY chart

This USD/JPY currency pair moved down next 20 minutes about 25 PIPS

The next scheduled release of this report will be Thursday, 04-19-12 at 10:00 AM ET.

A month is a long time, re-scheduling can occur any time.

I will probably be writing a “preview” post for this up-coming report.

So, stay tuned!

P.S. If you are interested in how I set up for a news trade – click on the “Training” link above for some videos.

P.P.S. If you are interested in the books I studied and recommend – click on the “FOREX Books” link above.

Want more trading options?? – Find out about FOREX News trading!

There is a series of e-books in the Kindle Book store on Amazon which deal with FOREX trading the economic news reports;

Currently these titles are available:

“Trade New Zealand Retail Sales Report – M over M – News Report”
“Trade US Core Durable Goods Orders – News Report”
“Trade Australian Gross Domestic Product – Q over Q – News Report”
“Trade the British Gross Domestic Product – Q over Q – News Report”
“Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report”
“Trade European German Factory Orders News Report M over M”  NEW

Click here FOREX Trade the News… What are the Odds?

Tomorrow, Friday, 03-23-12 at 10:00 AM ET, the USD New Home Sales monthly report will be released by the Census Bureau

Good trigger, but I did not enter a trade last month for this report

I did a “follow up” of the last “preview” post of these reports on Saturday, 02-25-12, click here for a review.

Disclaimer:

I have discontinued news currency trading since I do not know the political bent of the reporting agencies – world wide economic problems have put political leaders in a very powerful position – so, take each news report with a “grain of salt”

I will continue recording the news reports.

Here is what is coming up tomorrow:

USD – New Home Sales – Stats

Previous = 321K    

Forecast = 326K    

Here is how I am set up for tomorrow:

USD-10-00AM-ET-03-23-12
Looking for a 30K difference
Actual > Forecast = Good for the USD
USD New Home Sales
——actual———-forecast——previous
____________________326K _____321K
out at 356K or higher – BUY USD/JPY
out at 296K or lower – SELL USD/JPY

Remember, what has happened in the past may not repeat itself under similar circumstances.

I did post a “follow up” post of these reports, click here to see what happened.

The next scheduled report is on Tuesday, 04-24-12 at 10:00 AM ET.

I will probably post a “preview” a day or two prior.

Stay tuned!

P.S. If you are interested in how I set up for a news trade – click on the “Training” link above for several videos.

P.P.S. If you are interested in the books I studied and recommend – click on the “FOREX Books” link above.

There was not a good trigger last month, did not enter a trade

Want more trading options?? – Find out about FOREX News trading!

There is a series of e-books in the Kindle Book store on Amazon which deal with FOREX trading the economic news reports;

Currently these titles are available:

“Trade New Zealand Retail Sales Report – M over M – News Report”
“Trade US Core Durable Goods Orders – News Report”
“Trade Australian Gross Domestic Product – Q over Q – News Report”
“Trade the British Gross Domestic Product – Q over Q – News Report”
“Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report”
“Trade European German Factory Orders News Report M over M”  NEW

Click here FOREX Trade the News… What are the Odds?

Disclaimer:

I have discontinued news currency trading since I do not know the political bent of the reporting agencies – world wide economic problems have put political leaders in a very powerful position – so, take each news report with a “grain of salt”

I will continue recording the news reports.

Tomorrow, Wednesday, 03-21-12 at 10:00 AM ET one important USD report is to be released, this is the USD Existing Home Sales report, released monthly by the National Association of Realtors.

There is a speech by FOMC Member Tarullo

There was not a good trigger last month, did not enter a trade

I did a “follow up” post on the February report, click here for a review.

Here are the stats for this month:

USD Existing Home Sales  stats:

Previous = 4.57 M

Forecast = 4.61 M

This “forecast” indicates that there will be a increase of home sales of about 40,000 homes over last months sales.

Here is how I am set up for tomorrow:

USD-10-00AM-ET-03-21-12
Looking for a 200K difference
Actual > Forecast = Good for USD
USD Existing Home Sales
——actual——–forecast———-previous
______________4.61M________4.57M
Out at 4.81M or Higher – SELL EUR/USD
Out at 4.41M or Lower – BUY EUR/USD

I think that a good difference between the “actual” and the “forecast” of say 200K or more could present a brief “scalp” opportunity with the currency pair EUR/USD currency pair.

I did post a “follow up” on the results of this report, click here to see what happened.

The next release of theses reports will be on Thursday, 04-19-12 at 10:00 AM ET.

I will probably post a “preview” a day or two prior.

So, stay tuned!

P.S. If you are interested in how I set up for a news trade – click on the “Training” link above for some videos.

P.P.S. If you are interested in the books I studied and recommend – click on the “FOREX Books” link above.