The Fundamental FOREX Blog » EUR Follow Up

Follow Up – EUR German ZEW Survey Economic Sentiment report

shark — Fri, 20 Jan 2012 16:09:53 +0000

Here is a follow up report of the European German Survey Economic Sentiment released on Tuesday the 17th of January, 2012. I did not execute a FOREX trade this time.

Want more 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” NEW
“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”

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

On Tuesday, 01-17-12 at 5:00 AM ET, the EUR German ZEW Survey Economic Sentiment and EUR – EURO-Zone ZEW Survey Economic Sentiment reports were released.

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

Along with 3 other news reports:

EUR CPI y/y
EUR Core CPI y/y
Released monthly by Eurostat

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

I did not enter a trade this time – EUR/USD!!! – Good trigger!

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 = -53.8

forecast = -49.7

actual = -21.6

Here is how I was set up and what happened:

EUR-5-00AM-ET-12-13-11
Looking for a 10.0 difference
Actual > Forecast = Good for EUR
EUR German ZEW Economic Sentiment
——actual———-forecast———-previous
_____-21.6_______-49.7________-53.8
Out at -39.7 more BUY EUR/USD
Out at -59.7 less SELL EUR/USD

Good – “actual” came out higher than “forecast” by 28.1
Good – “actual” came out higher than “previous” by 32.2

Here are the charts:

(EUR/AUD)

a one minute EUR/AUD chart

This EUR/AUD currency pair moved up for 54 minutes about 30 PIPS – right direction

(EUR/CAD)

a one minute EUR/CAD chart

This EUR/CAD currency pair moved up for 32 minutes about 32 PIPS – right direction

(EUR/CHF)

a one minute EUR/CHF chart

This EUR/CHF currency pair moved up for 3 minutes about 6 PIPS – right direction
Ranged

(EUR/GBP)

a one minute EUR/GBP chart

This EUR/GBP currency pair moved up for 9 minutes about 13 PIPS - right direction

(EUR/JPY)

a one minute EUR/JPY chart

This EUR/JPY currency pair ranged for 23 minutes

(EUR/NZD)

a one minute EUR/NZD chart

This EUR/NZD currency pair moved up for 9 minutes about 29 PIPS – right direction
Moved down for 21 minutes about 20 PIPS – wrong direction

(EUR/USD)

a one minute EUR/USD chart

This EUR/USD currency pair moved up for 2 minutes about 25 PIPS – right direction
Ranged

The next reports are scheduled for Tuesday, 02-14-12 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.

Follow Up EUR – German Factory Orders MoM report

shark — Tue, 10 Jan 2012 15:05:34 +0000

Last Friday, 01-06-12, the German Factory Orders news report was released – this report has been very good for trading, And….

There was a good trigger – but no trade!

Want more 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:

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

On Friday, 01-06-12 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 – no trade!

Here is what happened:

EUR – German Factory Orders MoM stats:

Previous = 5.2%——————revised = 5.0%

Forecast = -1.6%

Actual = -4.8%

Here is how I was set up and what happened:

EUR-6-00AM-ET-01-06-12
Looking for a 1.3 difference
Actual > Forecast = Good for EUR
EUR German Factory Orders m/m
——actual——–forecast——–previous
______________-1.6%_______5.2%
____-4.8%_____ -1.6%_______ 5.0%
Out at -0.3% or higher – BUY EUR/JPY
Out at -2.9% or lower – SELL EUR/JPY
Watch for retrace second minute!

Bad – “actual” came out lower than “forecast” by 3.2%
Bad – “actual” came out lower than “previous” by 10.0%
Bad – “actual” came out lower than revised “previous” by 9.8%

Here are the charts:

(EUR/AUD)

a one minute EUR/AUD chart

This EUR/AUD- currency pair moved down for 27 minutes about 14 PIPS – right direction
Moved up for26 minutes about 10 PIPS – wrong direction

(EUR/CAD)

a one minute EUR/CAD chart

This EUR/CAD currency pair moved down for 4 minutes about 13 PIPS – right direction
Ranged

(EUR/CHF)

a one minute EUR/CHF chart

This EUR/CHF currency pair ranged for 4 minutes
Moved up for 21 minutes about 6 PIPS – wrong direction

(EUR/GBP)

a one minute EUR/GBP chart

This EUR/GBP- currency pair moved down for 4 minutes for 2 PIPS – right direction
Moved up for 9 minutes about 5 PIPS – wrong direction

(EUR/JPY)

a one minute EUR/JPY chart

This EUR/JPY currency pair moved down for 6 minutes for 9 PIPS – right direction
Moved up for 9 minutes about 8 PIPS – wrong direction

(EUR/NZD)

a one minute EUR/NZD chart

This EUR/NZD- currency pair moved down for 8 minutes for 28 PIPS – right direction
Moved up for 7 minutes about 14 PIPS – wrong direction
Ranged

(EUR/USD)

a one minute EUR/USD chart

This EUR/ USD – currency pair moved down for 5 minutes for 16 PIPS – right direction
Moved up for 10 minutes about 13 PIPS – wrong direction

The next scheduled release of this report is on Monday, 02-06-12 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.

Follow Up – EUR German ZEW Survey Economic Sentiment report

shark — Thu, 15 Dec 2011 17:07:32 +0000

Here is a follow up report of the European German Survey Economic Sentiment released on Tuesday the 13th of December, 2011. I did not execute a FOREX trade this time.

Follow Up – EUR German ZEW Survey Economic Sentiment report

On Tuesday, 12-13-11 at 5:00 AM ET, the EUR German ZEW Survey Economic Sentiment and EUR – EURO-Zone ZEW Survey Economic Sentiment reports were released.

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

I did not enter a trade this time – EUR/USD!!!

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 = -55.2

forecast = -56.1

actual = 53.8

Here is how I was set up and what happened:

EUR-5-00AM-ET-12-13-11
Looking for a 10.0 difference
Actual > Forecast = Good for EUR
EUR German ZEW Economic Sentiment
——actual———-forecast———-previous
_____53.8_______-56.1________-55.2
Out at -46.1 more BUY EUR/USD
Out at -66.1 less SELL EUR/USD

Good – “actual” came out higher than “forecast” by 109.9
Good – “actual” came out higher than “previous” by 109.0

Want to add more options to your currency 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 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” NEW

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

Here are the charts:

(EUR/AUD)

a one minute EUR/AUD chart

This EUR/AUD currency pair spiked down/up 1st 2 minutes about 13 PIPS/3 PIPS
Moved up next 18 minutes about 14 PIPS – right direction

(EUR/CAD)

a one minute EUR/CAD chart

This EUR/CAD currency pair spiked down/up 1st minutes about 8 PIPS/3 PIPS
Moved up next 49 minutes about 18 PIPS – right direction

(EUR/CHF)

a one minute EUR/CHF chart

This EUR/CHF currency pair spiked down/up 1st minutes about 4 PIPS/ 2 PIPS
Moved up next 5 minutes about 3 PIPS – right direction

(EUR/GBP)

a one minute EUR/GBP chart

This EUR/GBP currency pair ranged for 18 minutes

(EUR/JPY)

a one minute EUR/JPY chart

This EUR/JPY currency pair ranged for 6 minutes
Moved up next 7 minutes about 7 PIPS - right direction

(EUR/NZD)

a one minute EUR/NZD chart

This EUR/NZD currency pair spiked up/down/up 1st minute about 9 PIPS/ 30 PIPS/ 13 PIPS
Moved up next 13 minutes about 30 PIPS – right direction

(EUR/USD)

a one minute EUR/USD chart

This EUR/USD currency pair spiked up/down/up 1st minute about 6 PIPS/ 14 PIPS/ 6 PIPS
Moved up next 12 minutes about 14 PIPS – right direction

The next reports are scheduled for Tuesday, 01-17-12 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.

Follow Up – EUR German ZEW Survey Economic Sentiment and EUR – EURO-Zone ZEW Survey Economic Sentiment reports

shark — Wed, 16 Nov 2011 16:32:25 +0000

Here is a follow up report of the European German Survey Economic Sentiment released on Tuesday the 15th of November, 2011. I did not execute a FOREX trade this time.

On Tuesday, 11-15-11 at 5:00 AM ET, the EUR German ZEW Survey Economic Sentiment and EUR – EURO-Zone ZEW Survey Economic Sentiment reports were released.

Along with 2 other news reports:

EUR Flash GDP q/q
EUR Trade Balance
Released monthly by Eurostats

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

I did not enter a trade this time – EUR/USD!!!

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 = -48.3

forecast = -51.7—————revised = -51.8

actual = -55.2

Here is how I was set up and what happened:

EUR-5-00AM-ET-11-15-11
Looking for a 10.0 difference
Actual > Forecast = Good for EUR
EUR German ZEW Economic Sentiment
——actual———-forecast———-previous
__________________-51.7________-48.3
_____-55.2_______ -51.8_________ -48.3
Out at -41.7 more BUY EUR/USD
Out at -61.7 less SELL EUR/USD

Bad – “actual” came out lower than “forecast” by 4.5
Bad – “actual” came out lower than “previous” by 4.6
Bad – “actual” came out lower than revised “previous” by 6.9

Want to add more options to your currency 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 Core Durable Goods Orders – News Report” - new
“Trade Australian Gross Domestic Product – Q over Q – News Report”
“Trade the British Gross Domestic Product – Q over Q – News Report”

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

Here are the charts:

(EUR/CHF)

a one minute EUR/CHF chart

This EUR/CHF currency pair moved up for 4 minutes about 15 PIPS – wrong direction
Ranged

(EUR/GBP)

a one minute EUR/GBP chart

This EUR/GBP currency pair ranged for 9 minutes
Moved up for 8 minutes about 6 PIPS – wrong direction

(EUR/JPY)

EUR/JPY currency pair

This EUR/JPY currency pair moved up for 17 minutes about 16 PIPS – wrong direction

(EUR/USD)

a one minute EUR/USD chart

This EUR/USD currency pair moved up for 17 minutes about 25 PIPS – wrong direction

(GBP/JPY)

a one minute GBP/JPY chart

This GBP/JPY currency pair ranged for 15 minutes

(GBP/USD)

a one minute GBP/USD chart

This GBP/USD currency pair ranged up for 17 minutes

The next reports are scheduled for Tuesday, 12-13-11 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.

Follow Up – EUR German ZEW Survey Economic Sentiment and EUR – EURO-Zone ZEW Survey Economic Sentiment reports

shark — Thu, 20 Oct 2011 15:35:16 +0000

Here is a follow up report of the European German Survey Economic Sentiment released on Tuesday the 18th of ~~November~~ October, 2011. I did not execute a FOREX trade this time.

On Tuesday, 10-18-11 at 5:00 AM ET, the EUR German ZEW Survey Economic Sentiment and EUR – EURO-Zone ZEW Survey Economic Sentiment reports were released.

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

I did not enter a trade this time – EUR/USD!!!

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 = -43.3

forecast = -44.7—————revised = -44.8

actual = -48.3

Here is how I was set up and what happened:

EUR-5-00AM-ET-10-18-11
Looking for a 10.0 difference
Actual > Forecast = Good for EUR
EUR German ZEW Economic Sentiment
——actual———-forecast———-previous
__________________-44.7________-43.3
____-48.3 _________-44.8________ -43.3
Out at -34.7 more BUY EUR/USD
Out at -54.7 less SELL EUR/USD

Good – “actual” came out higher than “forecast” by 3.6
Good – “actual” came out higher than “previous” by 5.0

There is a new e-book series in the Amazon Kindle Book store, about trading the economic news reports.

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

Here are the charts:

(EUR/CHF)

a one minute EUR/CHF chart

This EUR/CHF currency pair ranged for 8 minutes
Ranged for 14 minutes

(EUR/GBP)

a one minute EUR/GBP chart

This EUR/GBP currency pair ranged down for 12 minutes about 10 PIPS – wrong direction
Ranged up for 13 minutes about 13 PIPS – right direction

(EUR/JPY)

a one minute EUR/JPY chart

This EUR/JPY currency pair ranged down for 10 minutes about 37 PIPS – right direction – best pair

(EUR/USD)

a one minute EUR/USD chart

This EUR/USD currency pair ranged down for 10 minutes about 29 PIPS – right direction

(GBP/JPY)

a one minute GBP/JPY chart

This GBP/JPY currency pair moved down for 18 minutes about 35 PIPS -

(GBP/USD)

a one minute GBP/USD chart

This GBP/USD currency pair moved down for 18 minutes about 26 PIPS -

The next reports are scheduled for Tuesday, 11-15-11 at 6:00 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.

Follow Up EUR – German Factory Orders MoM report

shark — Mon, 10 Oct 2011 14:26:37 +0000

Last Thursday, 10-06-11, the German Factory Orders news report was released – this report has been very good for trading, And….

I traded the currency pair EUR/JPY and had 2 winners of 14.4 PIPS.

On Thursday, 10-06-11 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.

I did 2 trades and won 14.4 PIPS!

Here is what happened:

EUR – German Factory Orders MoM stats:

Previous = 2.8.0%——————revised = 2.6%

Forecast = 0.1%———————revised = 0.2%

Actual = -1.4%

Here is how I was set up and what happened:

EUR-6-00AM-ET-10-06-11
Looking for a 1.3 difference
Actual > Forecast = Good for EUR
EUR German Factory Orders m/m
——actual——–forecast——–previous
______________0.1%_______-2.8%
_____-1.4% ____0.2%______ -2.6%
Out at 1.4% or higher – BUY EUR/JPY
Out at -1.2% or lower – SELL EUR/JPY
Watch for retrace second minute!

Bad – “actual” came out lower than “forecast” by 1.5%
Bad – “actual” came out lower than revised “forecast” by 1.6%
Good – “actual” came out higher than “previous” by 1.4%
Good – “actual” came out higher than revised “previous” by 1.2%

There is a new e-book series in the Amazon Kindle Book store, for trading the economic news reports.

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

Here are the charts:

(EUR/CHF)

a one minute EUR/CHF chart

This EUR/CHF currency pair moved down for 4 minutes about 12 PIPS – right direction
Moved up for 9 minutes about 9 PIPS – wrong direction
Moved down for 7 minutes about 24 PIPS – right direction

(EUR/GBP)

a one minute EUR/GBP chart

This EUR/GBP- currency pair minor range

(EUR/JPY)

a one minute EUR/JPY chart

This EUR/JPY- currency pair moved down for 3 minutes about 16 PIPS – right direction 1st trade
Moved up for 5 minutes about 12 PIPS – wrong direction 2nd trade
Moved down for 7 minutes about 24 PIPS – right direction
Exited both trades in 65 minutes

(EUR/USD)

a one minute EUR/USD chart

This EUR/ USD – currency pair moved down for 3 minutes about 24 PIPS – right direction
ranged up for 14 minutes about 17 PIPS – wrong direction

(GBP/JPY)

a one minute GBP/JPY chart

This GBP/JPY- currency pair moved down 1st minute about 9 PIPS -
Ranged

(GBP/USD)

a one minute GBP/USD chart

This GBP/USD currency pair moved down for 3 minutes about 17 PIPS -
Ranged

The next scheduled release of this report is on Friday, 11-04-11 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.

Follow Up – EUR German ZEW Survey Economic Sentiment and EUR – EURO-Zone ZEW Survey Economic Sentiment reports

shark — Wed, 21 Sep 2011 16:20:25 +0000

Here is a follow up report of the European German Survey Economic Sentiment released on Tuesday the 20th of September, 2011. I did not execute a FOREX trade this time.

On Tuesday, 09-20-11 at 5:00 AM ET, the EUR German ZEW Survey Economic Sentiment and EUR – EURO-Zone ZEW Survey Economic Sentiment reports were released.

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

I did not enter a trade this time – EUR/USD!!!

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 = -37.6

forecast = -43.9—————revised = -44.3

actual = -43.3

Here is how I was set up and what happened:

EUR-5-00AM-ET-09-20-11
Looking for a 10.0 difference
Actual > Forecast = Good for EUR
EUR German ZEW Economic Sentiment
——actual———-forecast———-previous
__________________-43.9________-37.6
_____-43.3________ -44.3________ -37.6
Out at -33.9 more BUY EUR/USD
Out at -53.9 less SELL EUR/USD

Bad – “actual” came out lower than “forecast” by 0.6
Bad – “actual” came out lower than revised “forecast” by 1.0
Good – “actual” came out higher than “previous” by 5.7

EUR ZEW Economic Sentiment
_______-44.6_______-42.3________-40.0

Bad – “actual” came out lower than “forecast” by 2.3
Bad – “actual” came out lower than “previous” by 4.6

Here are the charts:

(EUR/CHF)

a one minute EUR/CHF chart

This EUR/CHF currency pair moved up for 7 minutes about 5 PIPS – wrong direction
Moved down for 25 minutes about 8 PIPS – right direction

(EUR/GBP)

a one minute EUR/GBP chart

This EUR/GBP currency pair moved up for 5 minutes about 8 PIPS – wrong direction
Ranged!

(EUR/JPY)

a one minute EUR/JPY chart

This EUR/JPY currency pair moved up for 5 minutes about 14 PIPS – wrong direction
Ranged!

(EUR/USD)

a one minute EUR/USD currency chart

This EUR/USD currency pair moved up for 5 minutes about 22 PIPS – wrong direction
Ranged!

(GBP/JPY)

a one minute GBP/JPY chart

This GBP/JPY currency pair ranged!

(GBP/USD)

a one minute GBP/USD chart

This GBP/USD currency pair ranged!

The next reports are scheduled for Tuesday, 10-18-11 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.

Follow Up EUR – German Factory Orders MoM report

shark — Thu, 08 Sep 2011 15:52:04 +0000

Last Tuesday, 09-06-11, the German Factory Orders news report was released – this report has been very good for trading, And….

I traded the currency pair EUR/JPY and had a winner.

On Tuesday, 09-06-11 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.

I did trade and won!

Here is what happened:

EUR – German Factory Orders MoM stats:

Previous = 1.8%

Forecast = -1.4%

Actual = -2.8%

Here is how I was set up and what happened:

EUR-6-00AM-ET-09-06-11
Looking for a 1.3 difference
Actual > Forecast = Good for EUR
EUR German Factory Orders m/m
——actual——–forecast——–previous
_____-2.8%_____-1.4%_______1.8%
Out at -0.1% or higher – BUY EUR/JPY
Out at -2.7% or lower – SELL EUR/JPY

Bad – “actual” came out lower than “forecast” by 1.4%
Bad – “actual” came out lower than “previous” by 4.6%

Here are the charts:

(EUR/CHF)

a one minute EUR/CHF chart

This EUR/CHF currency pair moved up for 8 minutes about 10 PIPS – wrong direction
Ranged

(EUR/GBP)

a one minute EUR/GBP chart

This EUR/GBP- currency pair moved down 1st minute about 5 PIPS - right direction
Moved up for 3 minutes about 7 PIPS – wrong direction
Moved down next 8 minutes about 12 PIPS – right direction

(EUR/JPY)

a one minute EUR/JPY chart

This EUR/JPY- currency pair moved down 1st minute about 7 PIPS – right direction entered a trade – sell
Moved up for 2 minutes about 10 PIPS – wrong direction
Moved down next 5 minutes about 13 PIPS – right direction exited my trade a win of 3.4 PIPS

(EUR/USD)

a one minute EUR/USD chart

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

(GBP/JPY)

a one minute GBP/JPY chart

This GBP/JPY- currency pair moved down for 6 minutes about 13 PIPS
Moved up for 17 minutes about 34 PIPS

(GBP/USD)

a one minute GBP/USD chart

This GBP/USD currency pair spiked down/up 1st minute about 10 PIPS/ 14 PIPS
Moved down next 3 minutes about 12 PIPS
Moved up for 17 minutes about 30 PIPS

The next scheduled release of this report is on Thursday, 10-06-11 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.

Follow Up – EUR German ZEW Survey Economic Sentiment and EUR – EURO-Zone ZEW Survey Economic Sentiment reports

shark — Wed, 24 Aug 2011 15:54:20 +0000

Here is a follow up report of the European German Survey Economic Sentiment released on Tuesday the 23rd of August, 2011. I did execute a FOREX trade this time.

On Tuesday, 08-23-11 at 6:00 AM ET, the EUR German ZEW Survey Economic Sentiment and EUR – EURO-Zone ZEW Survey Economic Sentiment reports were released.

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

I did enter one trade this time – GBP/USD a small win of 0.8 of a PIP!!!

It was early in the morning, I had intended to trade the currency pair EUR/USD.

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 = -15.1

forecast = -24.6—————revised = -24.8

actual = -37.6

Here is how I was set up and what happened:

EUR-5-00AM-ET-08-23-11
Looking for a 10.0 difference
Actual > Forecast = Good for EUR
EUR German ZEW Economic Sentiment
——actual———-forecast———-previous
__________________-24.6________-15.1
_____-37.6 _________-24.8 _______-15.1
Out at -14.6 more BUY EUR/USD
Out at -34.6 less SELL EUR/USD

Bad – “actual” came out lower than “forecast” by 13.0
Bad – “actual” came out lower than revised “forecast” by 13.2
Bad – “actual” came out lower than “previuos” by 22.5

EUR ZEW Economic Sentiment
_______-40.0_______-6.2_______-7.0

Bad – “actual” came out lower than “forecast” by 33.8
Bad – “actual” came out lower than “previous” by 33.0

Here are the charts:

(EUR/CAD)

a one minute EUR/CAD chart

This EUR/CAD currency pair moved down for 2 minutes about 22 PIPS – right direction
Moved up for 29 minutes about 45 PIPS – wrong direction

(EUR/CHF)

a one minute EUR/CHF chart

This EUR/CHF currency pair spiked down/up 1st minute about 29 PIPS/ 13 PIPS
Moved up for 30 minutes about 50 PIPS – wrong direction

(EUR/GBP)

a one minute EUR/GBP chart

This EUR/GBP currency pair spiked down 1st minute about 15 PIPS - right direction
Moved up for 24 minutes about 28 PIPS – wrong direction

(EUR/JPY)

a one minute EUR/JPY chart

This EUR/JPY currency pair spiked down/up 1st minute about 26 PIPS/ 5 PIPS
Moved up for 24 minutes about 40 PIPS – wrong direction

(EUR/USD)

a one minute EUR/USD chart

This EUR/USD currency pair moved down for 2 minutes about 33 PIPS - right direction
Moved up for 24 minutes about 59 PIPS – wrong direction

(GBP/JPY)

a one minute GBP/JPY chart

This GBP/JPY currency pair moved down for 10 minutes about 14 PIPS

(GBP/USD)

a one minute GBP/USD chart

This GBP/USD currency pair moved down for 10 minutes about 17 PIPS – a winning trade by mistake

The next reports are scheduled for Tuesday, 08-23-11 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.

Follow Up EUR – German Factory Orders MoM report

shark — Sat, 09 Jul 2011 15:39:35 +0000

Last Tuesday, 06-07-11, the German Factory Orders news report was released – this report has been very good for trading, But….

I suffered a computer failure – so no trade set up this month! And no charts!!

On Wednesday, 07-06-11 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.

I had a computer failure – so no trade!

Here is what happened:

EUR – German Factory Orders MoM stats:

Previous = 2.8.0%——————-revised = 2.9%

Forecast = -0.5%

Actual = 1.8%

Here is how I was set up and what happened:

EUR-6-00AM-ET-07-06-11
Looking for a 1.3 difference
Actual > Forecast = Good for EUR
EUR German Factory Orders m/m
——actual——–forecast——–previous
_______________-0.5%_______2.8%
_____1.8%_____ -0.5%_______ 2.9%
Out at 0.8% or higher – BUY EUR/JPY
Out at -1.8% or lower – SELL EUR/JPY

Good – “actual” came out higher than “forecast” by 1.3%
Bad – “actual” came out lower than “previous” by 1.0%
Bad – “actual” came out lower than revised “previous” by 1.1%

Here are the charts: NO CHARTS THIS TIME – Computer Failure

(EUR/CHF) a one minute EUR/CHF chart

This currency pair EUR/CHF currency pair

(EUR/GBP) a one minute EUR/GBP chart

This currency pair EUR/GBP- currency pair

(EUR/JPY) a one minute EUR/JPY chart

This currency pair EUR/JPY- currency pair

(EUR/USD) a one minute EUR/USD chart

This currency pair EUR/ USD – currency pair

(GBP/JPY) a one minute GBP/JPY chart

This currency pair GBP/JPY- currency pair

(GBP/USD) a one minute GBP/USD chart

This currency pair GBP/USD currency pair

The next scheduled release of this report is on Friday, 08-05-11 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.