I did not set up for a trade last month. There was no trigger for the month of  March.

There was not a good difference between the “actual” and the “forecast” in March, and there was a possible conflict, I 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 4:30 AM ET, the GBP Consumer Price Index YoY report will be released.

Also 3 other report:

GBP Core Consumer Price Index YoY
GBP Retail Price Index YoY
GBP HPI y/y

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

The CPI, HPI y/y and RPI are released by the U.K.s National Statistics on a monthly basis.

Here is what is going on tomorrow:

GBP Consumer Price Index YoY  stats:

previous = 3.5%

forecast = 3.1%

Looks like the economists think that the Canada’s economy will decrease..

Watch that the “Core CPI” goes in the same way – minor conflict if it does not.

Here is how I am set up for tomorrow:

GBP 4-30AM-ET-05-22-12
Looking for a 0.2% difference
Actual > Forecast = Good for GBP
GBP Consumer Price Index YoY
——actual——–forecast——–previous
_______________3.1%_______3.5%
Out at 3.3 % or higher – BUY GBP/USD
Out at 2.9 % or lower – SELL GBP/USD

There was not a good difference between the “actual” and the “forecast” in March, and there was possible conflict, I did not enter a trade.

I will post a “follow up” soon after this news report is over.

The next scheduled release of these reports is on Tuesday, 06-19-12 at 4:30 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.

Last quarter report was not a good trigger for a trade – 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 Wednesday, 04-25-12 at 4:30 AM ET, the GBP Prelim Gross Domestic Product (QoQ) report was released.

This report is released by the U.K.s National Statistics on a Quarterly basis.

1 other report was being released as well:

GBP Index of Services 3m/3m  
released on a monthly basis by the  National Statistics     

I did post a “preview” of this months report, click here to see what happened.

Last quarters report was not a good trigger for a trade – no trade!

For an idea how this report worked out, here is what happened:

GBP Prelim Gross Domestic Product (QoQ) stats:

previous = -0.3%

forecast = 0.1%

Actual = -0.2%

Here is how I was set up and what happened:

GBP-4-30AM-ET-04-25-12
Actual > Forecast = Good for currency
Looking for a 0.2% difference
GBP Gross Domestic Product (QoQ)
____actual_____forecast _____previous
______________ 0.1% ______ -0.3%
____-0.2%_____ 0.1% _______-0.3%
out at 0.3% or higher – BUY GBP/CAD
out at -0.1% or lower – SELL GBP/CAD
With 0.1 diff, I would trade against it.-

Bad – lower than forecast by 0.3%
Good – higher than previous by 0.1%

Here are the charts:

(EUR/GBP)

a one minute EUR/GBP currency chart

This EUR/GBP currency pair moved up for 38 minutes about 36 PIPS - right direction

(GBP/AUD)

a one minute GBP/AUD currency chart

This GBP/AUD currency pair moved down for 48 minutes about 62 PIPS – right direction

(GBP/CAD)

a one minute GBP/CAD currency chart

This GBP/CAD currency pair moved down for 30 minutes about 59 PIPS – right direction

(GBP/CHF)

a one minute GBP/CHF currency chart

This GBP/CHF currency pair moved down for 38 minutes about 61 PIPS - right direction

(GBP/JPY)

a one minute GBP/JPY currency chart

This GBP/JPY currency pair moved down for 4 minutes about 58 PIPS – right direction
Ranged

(GBP/NZD)

a one minute GBP/NZD currency chart

This GBP/NZD currency pair moved down 1st 2 minutes about 54 PIPS – right direction
Moved up next 4 minutes about 16 PIPS – wrong direction
Moved down next 43 minutes about 74 PIPS – right direction

(GBP/USD)

a one minute GBP/USD currency chart

This GBP/USD currency pair moved down for 3 minutes about 53 PIPS - right direction
Ranged

The next scheduled release of these reports is on Monday, 07-23-12 at 4:30 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 several videos.

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

The forecast is good for the U.K. – No trade last 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.

Tomorrow, Wednesday, 04-25-12 at 4:30 AM ET, the GBP Prelim Gross Domestic Product (QoQ) report will be released.

The last time this report was released was on Wednesday, 01-25-11 at 4:30 AM ET, click here to see what happened.

This report is released by the U.K.s National Statistics on a Quarterly basis.

1 other report is being released as well:

GBP Index of Services 3m/3m     
released on a monthly basis by the  National Statistics   

No trade last time!

Here is what is forecast for this release:

GBP Prelim Gross Domestic Product (QoQ) stats:

previous = -0.3%

forecast = 0.1%   

Here is how I am set up for tomorrow:

GBP-4-30AM-04-25-12
Actual > Forecast = Good for currency
Looking for a 0.2% difference
GBP Gross Domestic Product (QoQ)
____actual_____forecast _____previous
______________ 0.1% ______ -0.3%
out at 0.3% or higher – BUY GBP/CAD
out at -0.1% or lower – SELL GBP/CAD
With 0.1 diff, I would trade against it.-

The forecast does not look good for the British economy.

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

The next scheduled release of these reports is on Monday, 07-23-12 at 4:30 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.

No trigger, close – 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?

On Monday, 04-02-12 at 4: 28 – 4:30AM ET, the GBP Purchasing Managers Index Manufacturing report was scheduled for release.

I did a “preview” post for this month on Sunday, 04-01-12 , click here for a review.

This PMI Manufacturing Index report is now released by Markit

This GBP Housing Equity Withdrawal q/q report is now released by The Bank of England

There was one thing to be aware of, subscribers to Reuters receive the data 2 minutes prior to listed calendar 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.

This months report was set up as follows:

GBP Purchasing Managers Index Manufacturing Index  stats:

Previous = 51.2——————–revised = 51.5

Forecast = 50.5——————–revised = 50.6

Actual = 52.1

Here is how I was set up and what happened:

GBP-4-28_4-30AM-04-02-12
Looking for a 1.8 change
Actual > Forecast = Good for GBP
GBP Manufacturing PMI    
——actual——forecast—–previous
_____________50.5_______51.2
_____52.1____ 50.6 _______51.5
out at 52.3 or higher buy GBP/CHF
out at 48.7 or lower sell GBP/CHF

Good – “actual” came out higher than “forecast” by 1.6
Good – “actual” came out higher than revised “forecast” by 1.5
Good – “actual” came out higher than “previous” by 0.9
Good – “actual” came out higher than revised “previous” by 0.6

No trigger, close – Did not enter a trade this time!

Here are the charts:

(EUR/GBP)

a one minute EUR/GBP chart

This EUR/GBP currency pair Early: spiked down/up for 2 minutes about 9 PIPS/ 2 PIPS
Scheduled release: moved down for 13 minutes about 19 PIPS – right direction

(GBP/AUD)

a one minute GBP/AUD chart

This GBP/AUD currency pair Early: spiked up/down for 2 minutes about 15 PIPS/ 9 PIPS
Scheduled release: moved up for 16 minutes about 41 PIPS – right direction – 2nd best

(GBP/CAD)

a one minute GBP/CAD chart

This GBP/CAD currency pair Early: spiked up/down for 2 minutes about 15 PIPS/ 11 PIPS
Scheduled release: moved up for 15 minutes about 38 PIPS – right direction

(GBP/CHF)

a one minute GBP/CHF chart

This GBP/CHF currency pair Early: spiked up/down for 2 minutes about 15 PIPS/ 8 PIPS
Scheduled release: moved up for 13 minutes about 33 PIPS – right direction

(GBP/JPY)

a one minute GBP/JPY chart

This GBP/JPY currency pair Early: spiked up/down for 2 minutes about 11 PIPS/ 9 PIPS
Scheduled release: moved up for 9 minutes about 17 PIPS – right direction

(GBP/NZD)

a one minute GBP/NZD chart

This GBP/NZD currency pair Early: spiked up/down for 2 minutes about 17 PIPS/ 7 PIPS
Scheduled release: moved up for 15 minutes about 45 PIPS – right direction – best

(GBP/USD)

a one minute GBP/USD chart

This GBP/USD currency pair Early: spiked up/down for 2 minutes about 15 PIPS/ 12 PIPS
Scheduled release: moved up for 13 minutes about 18 PIPS - right direction

The next time this report is scheduled for release will be on Tuesday, 05-01-12 at 4:28 AM ET, and 4:30 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 time- there was 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?

The first release is for subscribers to Reuters.

On Monday, 04-02-12 at 4:28_4:30AM ET, the GBP Purchasing Managers Index Manufacturing report is scheduled for release.

I did a “follow up” post last month on Sunday, 03-04-12 , click here for a review.

This GBP Housing Equity Withdrawal q/q report is now released by The Bank of England

There is one thing to be aware of, subscribers to Reuters receive the data 2 minutes prior to listed calendar time. Be sure to take a look at what happened last month.

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.

This months report is set up as follows:

GBP Purchasing Managers Index Manufacturing Index  stats:

Previous = 51.2

Forecast = 50.5

Here is how I am set up:

GBP-4-28_4-30AM-04-02-12
Looking for a 1.8 change
Actual > Forecast = Good for GBP
GBP Manufacturing PMI
——actual——forecast—–previous
_____________50.5_______51.2
out at 52.3 or higher buy GBP/CHF
out at 48.7 or lower sell GBP/CHF
Watch for reversal!

I did not enter a trade last time – there was not a good trigger!!

I am going to use a 1.8 “actual” difference figure from the “forecast” to indicate a possible surprise to the currency trading market. And will be set up to trade the currency pair GBP/CHF this time.

If the “actual” comes out higher than the “forecast” by 1.8, that would be good for the GBP and currency pairs involving the GBP could move in favor of the GBP – the opposite of course could happen if the “actual” is less than “forecast”.

I will be looking for a reversal after about 3 minutes – maybe!!!.

I will post a “Follow Up” soon after.

Now we all know that past performances are not an indication of future results!

It appears that the next scheduled release of this report will be on Tuesday, 05-01-12 at 4:28_4:30 AM-ET, however, at times scheduling of releases may change.

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

I did post a video of an earlier release of this report, click here to see what happened.

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?

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.

On Tuesday 03-20-12 at 4:30 AM ET, the GBP Consumer Price Index YoY report was released.

Also 2 other reports:

GBP Core Consumer Price Index YoY
GBP Retail Price Index YoY

I did post a “preview” of this months report, click here to see what happened.

The CPI, and RPI are released by the U.K.s National Statistics on a monthly basis.

Did not enter a trade this time!

For an idea how this report worked out, here is what happened:

GBP Consumer Price Index YoY  stats:

previous = 3.6%

forecast = 3.4%

Actual = 3.4%

Here is how I was set up:

GBP 5-30AMET-03-20-12
Looking for a 0.2% difference
Actual > Forecast = Good for GBP
GBP Consumer Price Index YoY
——actual——–forecast——–previous
_____3.4%_______3.4%_______3.6%
Out at 3.6 % or higher – BUY GBP/USD
Out at 3.2 % or lower – SELL GBP/USD

Neutral  – “actual” came out same as “forecast”
Bad  – “actual” came out lower than “previous” by 0.2%

Here are the charts:

(EUR/GBP)

a one minute EUR/GBP currency chart

This EUR/GBP currency pair moved down 10 minutes about 14 PIPS
Moved up for 10 minutes about 5 PIPS

(GBP/AUD)

a one minute GBP/AUD currency chart

This GBP/AUD currency pair moved up 14 minutes about 30 PIPS
Moved down for 8 minutes about18 PIPS

(GBP/CAD)

a one minute GBP/CAD currency chart

This GBP/CAD currency pair moved up 9 minutes about 25 PIPS
Moved down for 16 minutes about 13 PIPS

(GBP/CHF)

a one minute GBP/CHF currency chart

This GBP/CHF currency pair moved up 10 minutes about 26 PIPS
Moved down for 10 minutes about 8 PIPS

(GBP/JPY)

a one minute GBP/JPY currency chart

This GBP/JPY currency pair ranged

(GBP/NZD)

a one minute GBP/NZD currency chart

This GBP/NZD currency pair moved up 13 minutes about 40 PIPS
Moved down for 9 minutes about 22 PIPS

(GBP/USD)

a one minute GBP/USD currency chart

This GBP/USD currency pair ranged

The next scheduled release of these reports is on Tuesday, 04-17-12 at 4:30 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.

There was not a good difference between the “actual” and the “forecast” last month, and there was a possible conflict, I did not enter a 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”
“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, Tuesday 03-20-12 at 4:30 AM ET, the GBP Consumer Price Index YoY report will be released.

Also 2 other report:

GBP Core Consumer Price Index YoY
GBP Retail Price Index YoY

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

The CPI and RPI are released by the U.K.s National Statistics on a monthly basis.

Here is what is going on tomorrow:

GBP Consumer Price Index YoY  stats:

previous = 3.6%

forecast = 3.4%

Looks like the economists think that the British economy will decrease..

Watch that the “Core CPI” goes in the same way – minor conflict if it does not.

Here is how I am set up for tomorrow:

GBP 5-30AM-ET-03-20-12
Looking for a 0.2% difference
Actual > Forecast = Good for GBP
GBP Consumer Price Index YoY
——actual——–forecast——–previous
_______________3.4%_______3.6%
Out at 3.6 % or higher – BUY GBP/USD
Out at 3.2 % or lower – SELL GBP/USD

There was not a good difference between the “actual” and the “forecast” last month, and there was possible conflict, I did not enter a trade.

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

The next scheduled release of these reports is on Tuesday, 04-17-12 at 4:30 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.

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 Thursday, 03-01-12 at 4: 28 – 4:30AM ET, the GBP Purchasing Managers Index Manufacturing report was scheduled for release.

I did a “preview” post for this month on Wednesday, 02-29-12 , click here for a review.

This PMI Manufacturing Index report is now released by Markit

There was one thing to be aware of, subscribers to Reuters receive the data 2 minutes prior to listed calendar time.

This months report was set up as follows:

GBP Purchasing Managers Index Manufacturing Index  stats:

Previous = 52.1——————–revised = 52.0

Forecast = 51.9

Actual = 51.2

Here is how I was set up and what happened:

GBP-4-28_4-30AM-03-01-12
Looking for a 1.8 change
Actual > Forecast = Good for GBP
GBP Manufacturing PMI    
——actual——forecast—–previous
_____________51.9_______52.1
_____51.2____ 51.9_______ 52.0
out at 53.7 or higher buy GBP/CHF
out at 50.1 or lower sell GBP/CHF
Watch for reversal!

Bad – “actual” came out lower than “forecast” by 0.7
Good – “actual” came out higher than “previous” by 0.1
Good – “actual” came out higher than revised “previous” by 0.2

No trigger – Did not enter a trade this time!

Here are the charts:

(EUR/GBP)

a one minute EUR/GBP chart

This EUR/GBP currency pair Early: moved up for 2 minutes about 7 PIPS – right direction
Scheduled release: moved up for 10 minutes about 8 PIPS – right direction

(GBP/AUD)

a one minute GBP/AUD chart

This GBP/AUD currency pair Early: moved down for 2 minutes about 9 PIPS – right direction
Scheduled release: moved down for 10 minutes about 10 PIPS – right direction

(GBP/CAD)

a one minute GBP/CAD chart

This GBP/CAD currency pair Early: moved down for 2 minutes about 9 PIPS – right direction
Scheduled release: moved down for 9 minutes about 13 PIPS – right direction

(GBP/CHF)

a one minute GBP/CHF chart

This GBP/CHF currency pair Early: moved down for 2 minutes about 9 PIPS - right direction
Scheduled release: moved down for 10 minutes about 11 PIPS - right direction

(GBP/JPY)

a one minute GBP/JPY chart

This GBP/JPY currency pair Early: spiked up/down for 2 minutes about 5 PIPS/12 PIPS -
Scheduled release: moved up for 4 minutes about 10 PIPS - wrong direction
moved down for 16 minutes about 27 PIPS - right direction

(GBP/NZD)

a one minute GBP/NZD chart

This GBP/NZD currency pair Early: move down for 2 minutes about 10 PIPS – right direction
Scheduled release: moved down for 10 minutes about 16 PIPS – right direction

(GBP/USD)

a one minute GBP/USD chart

This GBP/USD currency pair Early: move down for 2 minutes about 9 PIPS - right direction
Scheduled release: ranged down for 20 minutes about 11 PIPS – right direction

The next time this report is scheduled for release will be on Monday, 04-02-12 at 3:28 AM ET, and 3:30 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 time- there was 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 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?

The first release is for subscribers to Reuters.

On Thursday, 03-01-12 at 4:28_4:30AM ET, the GBP Purchasing Managers Index Manufacturing report is scheduled for release.

I did a “follow up” post last month on Friday, 02-03-12 , click here for a review.

This PMI Manufacturing Index report is now released by Markit

There is one thing to be aware of, subscribers to Reuters receive the data 2 minutes prior to listed calendar time. Be sure to take a look at what happened last month.

This months report is set up as follows:

GBP Purchasing Managers Index Manufacturing Index  stats:

Previous = 52.1

Forecast = 51.9

Here is how I am set up:

GBP-2-28_2-30AM-ET-03-01-12
Looking for a 1.8 change
Actual > Forecast = Good for GBP
GBP Manufacturing PMI
——actual——forecast—–previous
_____________51.9_______52.1
out at 53.7 or higher buy GBP/CHF
out at 50.1 or lower sell GBP/CHF
Watch for reversal!

I did not enter a trade last time – there was a good trigger!!

I am going to use a 1.8 “actual” difference figure from the “forecast” to indicate a possible surprise to the currency trading market. And will be set up to trade the currency pair GBP/CHF this time.

If the “actual” comes out higher than the “forecast” by 1.8, that would be good for the GBP and currency pairs involving the GBP could move in favor of the GBP – the opposite of course could happen if the “actual” is less than “forecast”.

I will be looking for a reversal after about 3 minutes – maybe!!!.

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

Now we all know that past performances are not an indication of future results!

It appears that the next scheduled release of this report will be on Monday, 04-02-12 at 4:28_4:30 AM-ET, however, at times scheduling of releases may change.

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

I did post a video of an earlier release of this report, click here to see what happened.

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

On Tuesday 02-14-12 at 4:30 AM ET, the GBP Consumer Price Index YoY report was released.

Also 3 other reports:

GBP Core Consumer Price Index YoY
GBP Retail Price Index YoY
GBP DCLG HPI YoY

I did post a “preview” of this months report, click here to see what happened.

The GBP DCLG HPI YoY is released monthly by Communities and Local Government

The CPI, and RPI are released by the U.K.s National Statistics on a monthly basis.

Did not enter a trade this time!

For an idea how this report worked out, here is what happened:

GBP Consumer Price Index YoY  stats:

previous = 4.2%

forecast = 3.6%

Actual = 3.6%

Here is how I was set up:

GBP 4-30AM-ET-02-14-12
Looking for a 0.2% difference
Actual > Forecast = Good for GBP
GBP Consumer Price Index YoY
——actual——–forecast——–previous
_____3.6%______3.6%_______4.2%
Out at 3.8 % or higher – BUY GBP/USD
Out at 3.4 % or lower – SELL GBP/USD

Neutral  – “actual” came out same as “forecast”
Bad  – “actual” came out lower than “previous” by 0.6%

Here are the charts:

(EUR/GBP)

a one minute EUR/GBP currency chart

This EUR/GBP currency pair moved up 32 minutes about 14 PIPS

(GBP/AUD)

a one minute GBP/AUD currency chart

This GBP/AUD currency pair moved down 32 minutes about 23 PIPS

(GBP/CAD)

a one minute GBP/CAD currency chart

This GBP/CAD currency pair moved down 11 minutes about 18 PIPS

(GBP/CHF)

a one minute GBP/CHF currency chart

This GBP/CHF currency pair moved down 32 minutes about 20 PIPS

(GBP/JPY)

a one minute GBP/JPY currency chart

This GBP/JPY currency pair moved down 8 minutes about 12 PIPS
Moved up for 28 minutes about 18 PIPS

(GBP/NZD)

a one minute GBP/NZD currency chart

This GBP/NZD currency pair moved down 8 minutes about 25 PIPS
Moved up for 16 minutes about 17 PIPS

(GBP/USD)

a one minute GBP/USD currency chart

This GBP/USD currency pair moved down 9 minutes about 25 PIPS
Moved up for 45 minutes about 50 PIPS

The next scheduled release of these reports is on Tuesday, 03-20-12 at 5:30 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.