Did not enter a trade this time! No trigger – no conflict

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  Tuesday, 05-15-12 at 8:30 AM ET, the USD – Core Retail Sales and Retail Sales MoM reports was released.

These two reports are released monthly by the Census Bureau.

Three other reports:

USD Empire State Manufacturing Index  
Released monthly by Federal Reserve Bank of New York

USD Core CPI MoM      
USD CPI MoM      
Released monthly by the Bureau of Labor Statistics

I did a “preview” post of this months news release, click here for a review.

The USD – Core Retail Sales MoM report is more attuned to what is currently happening in the economy – therefore it is the report that may have the greatest impact on the currency market.

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.

Did not enter a trade this time! no trigger – no conflict

Here is what happened this month:

USD – Core Retail Sales MoM  stats

Previous = 0.8%

Forecast = 0.3%

Actual = 0.1%

USD – Retail Sales MoM  stats

Previous = 0.8% ————–revised = 0.7%

Forecast = 0.2%

Actual = 0.1%

Here is how I was set up and what happened:

USD-8-30AM-ET-05-15-12
Looking for a 0.5 difference
Actual > Forecast = Good for USD
USD Core Retail Sales m/m
——actual——–forecast——–previous
_____0.1%______0.3%______   0.8%
out at 1.1% or better – SELL EUR/USD
out at 0.1% or less – BUY EUR/USD

Bad – “actual” came out lower than “forecast” by 0.2%
Bad – “actual” came out lower than “previous” by 0.7%

Actual > Forecast = Good for USD
USD Retail Sales m/m
_______________0.2%________ 0.8%
_____0.1%______ 0.2%________ 0.7%

Bad – “actual” came out lower than “forecast” by 0.1%
Bad – “actual” came out lower than “previous” by 0.7%
Bad – “actual” came out lower than revised “previous” by 0.6%

Here are the charts:

(AUD/USD)

a one minute AUD/USD chart

This currency pair AUD/USD ranged for 10 minutes
Moved down for 34 minutes about 58 PIPS - wrong direction

(EUR/USD)

a one minute EUR/USD chart

This currency pair EUR/USD ranged for 26 minutes
Moved down for 16 minutes about 68 PIPS – wrong direction

(GBP/USD)

a one minute GBP/USD chart

This currency pair GBP/USD moved down for 42 minutes about 33 PIPS - wrong direction

(NZD/USD)

a one minute NZD/USD chart

This currency pair NZD/USD ranged down for 26 minutes – wrong direction
Moved down for 15 minutes about 35 PIPS – wrong direction

(USD/CAD)

a one minute USD/CAD chart

This currency pair USD/CAD moved down for 6 minutes about 17 PIPS – right direction
Ranged for 13 minutes
Moved up for 22 minutes about 51 PIPS – wrong direction

(USD/CHF)

a one minute USD/CHF chart

This currency pair USD/CHF ranged for 26 minutes
Moved up for 16 minutes about 50 PIPS – wrong direction

(USD/JPY)

a one minute USD/JPY chart

This currency pair USD/JPY moved up for 3 minutes about 14 PIPS – wrong direction
Ranged

The next time this will be released will be on Wednesday, 06-13-12 at 8:30 AM ET.

I will post a “preview” a day or 2 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.

Not a good trigger and conflict! No 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.

On Tuesday, 05-15-12 at 5:00 AM ET, the EUR German ZEW Survey  Economic Sentiment report was released.

The EUR Economic Sentiment reports are released monthly by the Centre for European Economic Research (ZEW)

There are 3 other news release as well:

EUR ZEW Economic Sentiment
Released monthly by ZEW

EUR Flash GDP q/q
Released quarterly by EUROSTAT

GBP CB Leading Index m/m
Released monthly by The Conference Board

I did not enter a trade this time – EUR/USD!!! – no good trigger and  conflict!

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.

I did a “preview” post of this months report, click here for a review.

The EUR – German ZEW Survey Economic Sentiment appears to have the greatest impact on the market.

Here is the set up:

EUR German ZEW Economic Sentiment  Stats:

previous = 23.4

forecast = 19.2——————–revised = 19.1

actual = 10.8

Here is how I was set up and what happened:

EUR-4-00AM-ET-05-15-12
Looking for a 10.0 difference
Actual > Forecast = Good for EUR
EUR German ZEW Economic Sentiment
——actual———-forecast———-previous
_________________19.2________23.4
_____10.8________ 19.1 ________23.4
Out at 29.2 more BUY EUR/USD
Out at 09.2 less SELL EUR/USD

Bad – “actual” came out lower than “forecast” by 8.4
Bad – “actual” came out lower than revised “forecast” by 8.3
Bad – “actual” came out lower than “previous” by 12.6

Here are the charts:

(EUR/AUD)

a one minute EUR/AUD chart

This EUR/AUD currency pair moved down for 21 minutes about 15 PIPS - right direction

(EUR/CAD)

a one minute EUR/CAD chart

This EUR/CAD currency pair moved down for 22 minutes about 14 PIPS – right direction

(EUR/CHF)

a one minute EUR/CHF chart

This EUR/CHF currency pair nothing

(EUR/GBP)

a one minute EUR/GBP chart

This EUR/GBP currency pair  moved down for 47 minutes about 8 PIPS – right direction

(EUR/JPY)

a one minute EUR/JPY chart

This EUR/JPY currency pair small down/up 1st minutes
Moved down for 40 minutes about 17 PIPS – right direction – 2nd best

(EUR/NZD)

a one minute EUR/NZD chart

This EUR/NZD currency pair Ranged for 6 minutes
Moved down for 15 minutes about 20 PIPS – right direction – BEST

(EUR/USD)

a one minute EUR/USD chart

This EUR/USD currency pair ranged for 11 minutes
Moved down for 30 minutes about 10 PIPS – right direction

The next reports are scheduled for Tuesday, 06-19-12 at 5:00 AM ET, I have noticed lately that schedules are sometimes changed during the time periods between scheduled reports.

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.

These Retail Sales reports forecast are not in conflict this time.

I did not enter a trade last month – no trigger, but no conflict!

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, Tuesday, 05-15-12 at 8:30 AM ET, the USD – Core Retail Sales and Retail Sales MoM reports will be released.

These two reports are released monthly by the Census Bureau.

Three other reports:

USD Empire State Manufacturing Index  
Released monthly by Federal Reserve Bank of New York

USD Core CPI MoM      
USD CPI MoM   
Released monthly by the Bureau of Labor Statistics

I did not enter a trade last month – no trigger, but, no conflict!

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.

I did a “follow up” post of last months news release, click here to see what happened.

The USD – Core Retail Sales MoM report is more attuned to what is currently happening in the economy – therefore it is the report that may have the greatest impact on the currency market. But – important they both go in the same direction.

Here is what is happening on Tuesday, 05-15-12:

USD – Core Retail Sales MoM  stats

Previous = 0.8%           

Forecast = 0.3%     

USD – Retail Sales MoM  stats

Previous = 0.8%

Forecast = 0.2%

The economists believe the Retails Sales reports are not improving for the economy.

Both reports are forecast for a down turn in the economy.

Here is how I am set up for tomorrow:

USD-8-30AM-ET-05-15-12
Looking for a 0.5 difference
Actual > Forecast = Good for USD
USD Core Retail Sales m/m
——actual——–forecast——–previous
_______________0.3%______   0.8%
out at 1.1% or better – SELL EUR/USD
out at 0.1% or less – BUY EUR/USD

Actual > Forecast = Good for USD
USD Retail Sales m/m
_______________0.2%________ 0.8%

Also, pay attention to your “broker spread” when selecting currency pairs to trade.

I did post a “follow up” of this report soon after, click here to see what happened.

The next time this is scheduled to be released is on Wednesday, 06-13-12 at 8:30 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

I did not enter a trade last month – not a good trigger!

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, Tuesday. 05-15-12 at 5:00 AM ET, the EUR German ZEW Survey  Economic Sentiment report will be released.

The EUR German Economic Sentiment reports are released monthly by the Centre for European Economic Research (ZEW)

Along with 3 other news reports:

EUR ZEW Economic Sentiment
Released monthly by ZEW

EUR Flash GDP q/q
Released quarterly by EUROSTAT

GBP CB Leading Index m/m
Released monthly by The Conference Board

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.

I did not enter a trade last month – not a good trigger!

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

The EUR – German ZEW Survey Economic Sentiment appears to have the greatest impact on the market.

Here is what is going on this month:

EUR German ZEW Economic Sentiment  Stats:

previous = 23.4

forecast = 19.2

Here is how I am set up for tomorrow:

EUR-5-00AM-ET-05-15-12
Looking for a 10.0 difference
Actual > Forecast = Good for EUR
EUR German ZEW Economic Sentiment
——actual———-forecast———-previous
_________________19.2________23.4
Out at 29.2 more BUY EUR/USD
Out at 09.2 less SELL EUR/USD
EUR ZEW Economic Sentiment
_________________11.7________13.1

It appears that the economists believe the EUR German economy is not in recovery and neither is the EUR Zone for that matter.

I did post a “follow up” soon after this report was completed, click here to see what happened.

The next schedule release of this report is Tuesday, 06-19-12 at 5:00 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

This time there was a good amount of a difference between the “actual” and the “forecast”, and, the  reports were in conflict but not much.

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 Friday, 05-11-12 at 8:30 AM ET Canada released their monthly CAD Net Employment Change and Unemployment Rate. These reports are released by “Statistics Canada”. -

Also 2 other news items:

USD PPI m/m   
USD  Core PPI m/m
Released monthly by Department of Labor

I did a post “preview” on Thursday, 05-10-12, you can click here to see that post.

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 how the set up turned out:

CAD Employment Change  stats:

Previous = 82.3K

Forecast = 12.9K—————-revised = 10.1K

Actual = 58.2K

CAD Unemployment Rate stats:

Previous = 7.2%

Forecast = 7.3%

Actual = 7.3%

Here is how I was set up and what happened:

CAD-8-30AM-ET-05-11-12
Looking for a 20K difference
Actual > Forecast = Good for CAD
CAD Employment Change
——actual———-forecast———-previous
_______________12.9K________82.3K
____58.2K______ 10.1K _______82.3K
out at 32.9K or higher – BUY CAD/CHF
out at -07.1K or more – SELL CAD/CHF

Good – “actual” came out higher than “forecast” by 45.3K
Good – “actual” came out higher than revised “forecast” by 48.1K
Bad – “actual” came out lower then “previous” by 24.1K

Actual < Forecast = Good for CAD
Unemployment Rate:
_____7.3%_______ 7.3% ________7.2%

Neutral – “Actual” came out same as “forecast”
Bad – “Actual” came out higher than “previous” by 0.1%

I did not enter a trade this time, Good trigger and a conflict

Here are the charts!!

(AUD/CAD)

a one minute AUD/CAD chart

This AUD/CAD currency pair moved down for 60 minutes about 81 PIPS - right direction

(CAD/CHF)

a one minute CAD/CHF chart

This CAD/CHF currency pair moved up for 58 minutes about 68 PIPS – right direction

(CAD/JPY)

a one minute CAD/JPY chart

This CAD/JPY currency pair moved up for 37 minutes about 53 PIPS – right direction

(EUR/CAD)

a one minute EUR/CAD chart

This EUR/CAD currency pair moved down for 58 minutes about 95 PIPS - right direction – 2nd best

(GBP/CAD)

a one minute GBP/CAD chart

This GBP/CAD currency pair moved down for 54 minutes about 134 PIPS – right direction – BEST

(NZD/CAD)

a one minute NZD/CAD chart

This NZD/CAD currency pair moved down for 60 minutes about 65 PIPS – right direction

(USD/CAD)

a one minute USD/CAD chart

This USD/CAD currency pair moved down for 40 minutes about 63 PIPS – right direction

The next scheduled release of these reports will be on Friday 06-08-12 at 8:30 AM ET.

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

Remember, “Past performances are not an indication of future results!”

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.

I did not enter a trade last month – the trigger was good, but there was conflict.

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, Friday, 05-11-12 at 8:30 AM ET Canada is releasing their monthly Net Employment Change and Unemployment Rate. These reports are released by “Statistics Canada”. -

Also 2 other news items:

USD PPI m/m   
USD  Core PPI m/m   
Released monthly by Department of Labor

I did a post “follow up” of last months reports, you can click here to see that post.

I did not enter a trade last month – the trigger was good, but there was conflict.

These two reports are at times conflicting, so  –  be aware!

Here is the set up tomorrow:

CAD Employment Change  stats:

Previous = 82.3K

Forecast = 12.9K

CAD Unemployment Rate stats:

Previous = 7.2%

Forecast = 7.3%

The Unemployment Rate “forecast“ shows an increase, which will not be good  for the CAD.

And, the “forecast” for the Employment Change is not good for the Canadian economy.

Conflict???

These reports may be in conflict.

Here is how I am set up for tomorrow:

CAD-8-30AM-ET-05-11-12
Looking for a 20K difference
Actual > Forecast = Good for CAD
CAD Employment Change
——actual———-forecast———-previous
_______________12.9K________82.3K
out at 32.9K or higher – BUY CAD/CHF
out at -07.1K or more – SELL CAD/CHF
Unemployment Rate:
_______________ 7.3% ________7.2%

Again, I will be looking for at least a 15K to 20K difference between the “actual” and the “forecast” of the Change in Employment – also, at least a 0.1% change in the Unemployment rate. Of course, both either in favor of or against the CAD.

I did post a “follow up” soon after, click here to see what happened.

The next schedule release of these reports is Friday, 06-08-12 at 8:30 AM ET, I will probably post a “preview” a day or two prior.

Remember, “Past performances are not an indication of future results!”

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 was a good trigger – but, no 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.

Here is a Video of the above news release on Monday the 6th of September, 2011.

On Monday, 05-07-12 at 6:00 AM ET. The EUR – German Factory Orders MoM was released.

The German Factory Orders reports are released on a monthly basis by Deutsche Bundesbank.

Click here to see this months “preview” post of this report.

Good trigger – but no trade!

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:

EUR – German Factory Orders MoM stats:

Previous = 0.3%——————revised = 0.6%

Forecast = 0.5%

Actual = 2.2%

Here is how I was set up and what happened:

EUR-6-00AM-ET-05-07-12
Looking for a 1.3 difference
EUR German Factory Orders m/m
Actual > Forecast = Good for EUR
——actual——–forecast——–previous
______________0.5%_______0.3%
_____2.2% _____0.5%______ 0.6%
Out at 1.8% or higher – BUY EUR/JPY
Out at -0.8% or lower – SELL EUR/JPY

Good – “actual” came out higher than “forecast” by 1.7%
Good – “actual” came out higher than “previous” by 1.9%
Good – “actual” came out higher than revised “previous” by 1.6%

Here are the charts:

(EUR/AUD)

a one minute EUR/AUD chart

This EUR/AUD- currency pair ranged up/down/up 1st minute
Moved up for b7 minutes about 21 PIPS – right direction – BEST

(EUR/CAD)

a one minute EUR/CAD chart

This EUR/CAD currency pair moved up for 7 minutes about 15 PIPS – right direction

(EUR/CHF)

a one minute EUR/CHF chart

This EUR/CHF currency pair minor range

(EUR/GBP)

a one minute EUR/GBP chart

This EUR/GBP- currency pair moved up for 7 minutes about 6 PIPS - right direction

(EUR/JPY)

a one minute EUR/JPY chart

This EUR/JPY currency pair moved up for 7 minutes about 16 PIPS – right direction

(EUR/NZD)

a one minute EUR/NZD chart

This EUR/NZD- currency pair ranged up/down/up 1st minute
Moved up for 6 minutes about 18 PIPS – right direction – 2nd best

(EUR/USD)

a one minute EUR/USD chart

This EUR/ USD – currency pair moved up for 7 minutes about 17 PIPS – right direction

The next scheduled release of this report is on Tuesday, 06-05-12 at 6:00 AM ET.

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

Remember, “Past performances are not an indication of future results!

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.

I did not trade in April, not enough difference!

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?

Tomorrow, Monday, 05-07-12 at 6:00 AM ET. The EUR – German Factory Orders MoM will be released.

The German Factory Orders reports are released on a monthly basis by Deutsche Bundesbank.

I did post a follow up report for the month of April, click here to see what happened.

I also posted a video history report, click here to see what happened:

I did not trade in April!

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.

Let’s set this up:

EUR – German Factory Orders MoM stats:

Previous = 0.3%

Forecast = 0.5%

Here is how I am set up for tomorrow:

EUR-6-00AM-ET-05-07-12
Looking for a 1.3 difference
EUR German Factory Orders m/m
Actual > Forecast = Good for EUR
——actual——–forecast——–previous
______________0.5%_______0.3%
Out at 1.8% or higher – BUY EUR/JPY
Out at -0.8% or lower – SELL EUR/JPY
Watch for retrace second minute!

I think the departure from the “forecast” is going to have to be big, maybe more than 2.0% either way.

I did post a “follow up” soon after this report, click here to see what happened.

The next schedule for this EUR – German Factory Orders report will be on Tuesday, 06-05-12 at 6:00 AM ET.

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

Remember, “Past performances are not an indication of future results!”

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.