USA Consumer Price Index (MoM) just come out at 0.1%. So, there will be no trade.

(05-18-2010 06:40 PM)Tarek Wrote:  There is USA Consumer Price Index report tomorrow. I have plan to trade it and will update you live at goldage forum.

Germany Zew repost comes with mixed data and failed to create good impact on EU pair. EU increased about 30 pips after the news was published but decrease immediately.

Right now there is no news so no trading opportunity. I have decided to do a gamble. Means just ordered a new buy trade on EU pair, means its a trade against the trend specially when EU is the weakest pair on the board. Really risky.



The idea worked after it is only 21 EMA. Today I noticed that for several times , EU pair crosses the EMA 21 (Exponential Moving Average for 21 days). EU looks far above than EMA21 and I think before accelerating the down trend again, it may increase for 1 more time.

By the way, I am already in 20 pips loss. SL is at 1.2163 and tp at 1.2320.

I have closed this trade at 1.2280 with 14 pips profit. Since, price reached at the major support of EU at 1.2145 yesterday, I will order a buy again at that level if the price reach that level again. Since, its a very strong support and the 50% retracement of 2000-2008 rally, many traders leave the plan to sell euro again. I am expecting a upward corrective movement now until 1.2400.

UK GDP news is going to come tomorrow (already today here) at 8.30 GMT (25 th May)

GBP is a measure of the total value of all goods and services produced by the UK. This number is published as percentage. If this month total value become higher than previous month, the percentage will be positive. For opposite case, the percentage will be negative.

This month it is expected 0.3 . Last month it was 0.4.

This news is a 2nd reading and so can be unreliable. So, I want to use a very high trigger for this news, like 0.8%. So, order buy to pair gbp/usd if the number comes 1.1% or higher, order sell to pair gbp/usd if the number comes -0.5% or lower.

Will it be a tradeable news? Means is there possibility that price will hit our trigger? (Like under -0.5% or more than 1.1%?)

Since, this is a 2nd reading, I want to skip this news as this news may not behave in right way and price may move to opposite direction. So, I used a high trigger to avoid this news. I think the numbers will come between 0.2% to 0.4%. So, most probably there will be a no trade. If any unexpected thing occur and price hit our trigger, trade with no risk, order buy or sell as I said.

This news is less market moving. So, TP will be 30 pips or 40 pips. SL will be 25 pips only.

News result can be found here live (don't need to reload page, news result will be automatically update after news will publish).

For Full Update And Support Check Goldage Thread.

While doing news trading, remember these:


This is mainly a reference post. This article will help you to reduce risk while trading a news.

Always remember:

- Use tight SL. Means from 20 pips to maximum 50 pips. SL will be 50% of take profit but at least 20 pips.

- Once you will get 10 pips profit in a news trade, immediately bring your sl to the entry point. Because in many trades price first go to right direction but then reverse very quickly and a profitable trade close with loss.

- Remember, maximum news movement occurs with in first 5 - 10 minutes. It lasts maximum 45 minutes if the news has bif effect on market. And retracement always happen. So, for every 10 pips profit, update your sl.

Like, you ordered a buy trade with 50 pips profit and 25 pips sl. The initial price is 1.2500. So, your tp is 1.2550 and sl is 1.2475.

If the price go down to 1.2475, it will hit your sl. So, its a bad day for you.

If the price start increasing as your expectation and reach to 1.2510, immediately move your sl to 1.2500. So, it will become a free trade for you. Now, you have no opportunity to loose money.

Now, if the price go down and reach to 1.2500, then the trade will hit your stop loss at 1.2500. So, your trade will be closed with no profit no loss. Not good yet.

But if the price reach to 1.2520, bring your sl to 1.2510. So, now if the price even decrease, you will get 10 pips profit.

Okay, now allow the price to move to 1.2535, means this time 15 pips more. But update your to 10 pips only. So, your sl has now 15 pips difference then current price. Usually price retrace some pips after moving 20 -30 pips, so, this difference will help you to get rid from the trade closing.

Continue like this. When the price will touch your tp, you are almost done!!

While doing news trading, remember that -

1. After a news publish, if the price move to right direction (means as your expectation) but reverse again and go down/move up more than than pre release price, then there is very less opportunity that this news will touch your tp. Close that trade immediately when it will cross the pre release price.

2. Locking profit is very important in news trading. After the news effect, price may quickly move to any direction. I already discussed in this article how to lock the profit.

3. Don't enter in a trade if you see the news failed to break/push the trigger. (Trigger is a minimum difference between the news result and news expectation which is used to avoid losing trades/not favourable news)

This article will be updated more.

USA Gross Domestic Product Annualized (Q1) or USA GDB report is going to publish today at 12.30 GMT. Just more 3 hours remaining.

I will trade this news but will not be able to publish the news result here immediately after the news will publish as I will be in my friends home and don't want to login in Kidspips from other ip.

Here is the trading idea:

This month the expected result is 3.5%. I will use a trigger of 3% for a safe entry.

Order sell to pair euro/usd if the news report come 6.5% or higher. Order buy to euro/usd if the news report come 0.5% or lower.

Use 30 pips tp for the news. I never trade this news before so don't have any idea how much price change this news may make. So, a small tp can help. Also, the sl will be 30 pips.

Get the live news result here at 12.30 GMT today at here.

(Look at the news of 27 may 2020. This news title is United States Gross Domestic Product Annualized (Q1))

This news often break the trigger. So, today I expect there will be a trading opportunity and either buy (6.5%) or sell (0.5%) trigger may hit.

Wishing a happy trade!!!

Here is the news result:

GROSS DOMESTIC PRODUCT ANNUALIZED
Actual: 3.0% Cons.: 3.5%Previous: 5.6%

Here is the price action:



Since this news result also come as expectation, there was no trade. I wonder why all the news are coming this month according to expectation. This month unexpected news are really low in numbers, at least if i compare with last 2 months.

Our sell order trigger was 0.5%, buy order trigger was 6.5%. Results come as 3.0%. So, there was no trade.

What charts say?

The news came as expectation, actually little bad than expected. Now give a look at chart: (look at time 15.23 or closer, Its actually GMT 12.23, I use instaforex for trading and their server time is 3 hours fast than GMT time. Also the results comes about 7 minutes before than scheduled time.)

Just after the news was published, EU dropped about 35 pips just in 3 minutes. That means after the news was published, USD became strong. Its interesting as the news result was little bad for USD. And, this thing didn't happened today first. It also happened some days ago. Unexpected market behaviour.

What happened to me?

Since my buy or sell trigger didn't hit, I didn't enter in any trade. So, no profit, no loss. But my trigger save me again for this kind of situation or in a word, from a losing trade.


I am quite unhappy this month. Didn't get much trading opportunity. It becomes prove that after a news is publish, no matter the result hits our trigger or not, market move at least 35 - 150 pips within 15 minutes to a specific direction. Right now I am not entering in any trade if result don't hit my trigger. It is saving me from many losing trades but the trading opportunities are decreasing a lot.

I must need to do something on it.

And this month, I gain only experience spending so much time.

Quite unhappy.

Good Night!!!

This looks good. Continue it man.