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”
“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, Monday, 02-06-12 at 6:00 AM ET. The EUR – German Factory Orders MoM will be released.

I have publish a short e-book on the Amazon Kindle site, the book shows 3 trades traded over the last 2 years, along with charts and videos.

Here is one the videos presented in the e-book:

The German Factory Orders reports are released on a monthly basis by Deutsche Bundesbank.  http://www.bundesbank.de/index.en.php

I did post a follow up report for the last month that I monitored this report, click here to see what happened.

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

I did not trade last month!

Let’s set this up:

EUR – German Factory Orders MoM stats:

Previous = -4.8%

Forecast = 0.5%

Here is how I am set up for tomorrow:

EUR-6-00AM-ET-02-06-12
Looking for a 1.3 difference
Actual > Forecast = Good for EUR
EUR German Factory Orders m/m
——actual——–forecast——–previous
______________0.5%_______-4.8%
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 will post a “follow up” soon after this report.

The next schedule for this EUR – German Factory Orders report will be on Wednesday, 03-07-12 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.

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.

I did not enter a trade last month!

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?

Tomorrow, Tuesday. 01-17-12 at 5:00 AM ET, the EUR German ZEW Survey  Economic Sentiment report will be 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 last month!

I did a “follow up” of the December 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 = -53.8

forecast = -49.7

Here is how I am set up for tomorrow:

EUR-5-00AM-ET-01-17-12
Looking for a 10.0 difference
Actual > Forecast = Good for EUR
EUR German ZEW Economic Sentiment
——actual———-forecast———-previous
________________-49.7________-53.8
Out at -39.7 more BUY EUR/USD
Out at -59.7 less SELL EUR/USD
EUR ZEW Economic Sentiment
_________________-48.7________-54.1

It appears that the economists believe the EUR German economy is in recovery and 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, 02-14-12 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

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:

“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 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.

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 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?

Tomorrow, Friday, 01-06-12 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 last month that I monitored this report, click here to see what happened.

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

I did 2 trades the last month I monitored this report – both winners!

Let’s set this up:

EUR – German Factory Orders MoM stats:

Previous = 5.2%

Forecast = -1.6%

Here is how I am set up for tomorrow:

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%
Out at -0.3% or higher – BUY EUR/JPY
Out at -2.9% 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 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.

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.

Tomorrow, the ZEW – The Center for European Economic Research is releasing the German ZEW Economic Sentiment again, this report is fairly good for trading – that is, when it is a surprise to the market.

I did not enter a trade last month!

Tomorrow, 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 will be released.

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

I did not enter a trade last month!

I did a “follow up” of the November 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 = -55.2

forecast = -56.1

EUR ZEW Economic Sentiment  Stats:

previous = -59.1

forecast = -60.3

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 is how I am set up for tomorrow:

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
__________________-56.1________-55.2
Out at -46.1 more BUY EUR/USD
Out at -66.1 less SELL EUR/USD
EUR ZEW Economic Sentiment
_________________-60.3________-59.1

It appears that the economists do not believe the EUR German economy is in recovery or 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, 01-17-12 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

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.

Tomorrow, the ZEW – The Center for European Economic Research is releasing the German ZEW Economic Sentiment again, this report is fairly good for trading – that is, when it is a surprise to the market.

I did not enter a trade last month!

Tomorrow, 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 will be 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 last month!

I did a “follow up” of the October 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 = -48.3

forecast = -51.7

EUR ZEW Economic Sentiment  Stats:

previous = -52.2

forecast = -52.7

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 is how I am set up for tomorrow:

EUR-5-00AM-ET-11-16-11
Looking for a 10.0 difference
Actual > Forecast = Good for EUR
EUR German ZEW Economic Sentiment
——actual———-forecast———-previous
__________________-51.7________-48.3
Out at -41.7 more BUY EUR/USD
Out at -61.7 less SELL EUR/USD
EUR ZEW Economic Sentiment
_________________-52.7________-51.2

It appears that the economists do not believe the EUR German economy is in recovery or 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, 12-13-11 at 6:00 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

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.