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News trading discussion - continuation

  • #4,581
  • Jul 7, 2017 11:12am Jul 7, 2017 11:12am
Quoting RisingSun
{quote} What EA is that? Why not used any more? BTW, CAD employment change and unemployment rate news are better to trade at US NFP news, generating 50 pips with clean direction. Check up CAD charts crosses with USD, GBP, EUR. Our friend Robin traded this with huge success. Has anyone else trades CAD today? Good night all, RS

yes I did EURCAD. caught it after 1 min but still made some profit ( 60 pips)
  • #4,582
  • Jul 7, 2017 11:51am Jul 7, 2017 11:51am
Quoting chagu
{quote} yes I did EURCAD. caught it after 1 min but still made some profit ( 60 pips)
Great! Post your chart and share your trade to us. Thanks,
RS
  • #4,583
  • Jul 7, 2017 2:24pm Jul 7, 2017 2:24pm
Quoting Gigant
-44 {image}
Hi Gigant,
What is your entry method? Straddle?
Do a simulation (hindsight analysis) with USDCAD, EURCAD or GBPCAD, instead of USDJPY.
Be it a manual market entry, straddle or any AC, all are sure winners!
Come to think of it, CAD news is rated !
RS
  • #4,584
  • Jul 7, 2017 3:22pm Jul 7, 2017 3:22pm
Quoting RisingSun
{quote} Hi Gigant, What is your entry method? Straddle? Do a simulation (hindsight analysis) with USDCAD, EURCAD or GBPCAD, instead of USDJPY. Be it a manual market entry, straddle or any AC, all are sure winners! Come to think of it, CAD news is rated ! RS
manually enter ... then start news wach Currencies Strength and chose buy or sell
+
  • #4,585
  • Jul 7, 2017 3:55pm Jul 7, 2017 3:55pm
Quoting Gigant
{quote} manually enter ... then start news wach Currencies Strength and chose buy or sell
Amazing you go through this process almost instantly...! You have sniper's eyes.
I had an impression that currency strength reacts rather slow.
Nice weekend!
RS
  • #4,586
  • Jul 8, 2017 3:11am Jul 8, 2017 3:11am
Quoting vvFish
{quote} It is not used for more than three years {image} Only this


what setting you using with wheelbarrel EA ? i whas thinking to use the range of my stoploss or maybe half of that but that probely to tight , no expirience with it and difficult to check this without live trading i will apriciate it allot for the info ive been looking through your previous post i did found the EA but not the setting and it whas from a while ago .
  • #4,587
  • Jul 8, 2017 7:06am Jul 8, 2017 7:06am
USD NFP
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.M1.png Size: 41 KB


CAD Employment
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY.M1.png Size: 33 KB
  • #4,588
  • Jul 8, 2017 7:36am Jul 8, 2017 7:36am
Quoting dorst
{quote} what setting you using with wheelbarrel EA ? i whas thinking to use the range of my stoploss or maybe half of that but that probely to tight , no expirience with it and difficult to check this without live trading i will apriciate it allot for the info ive been looking through your previous post i did found the EA but not the setting and it whas from a while ago .
default settings.
Its functions are only trawling profit.
Only the price on the chart can show the entrance to the deal...
  • #4,589
  • Jul 8, 2017 8:56am Jul 8, 2017 8:56am
Quoting asianthekev
USD NFP {image} CAD Employment {image}
Well done and welcome!
Tell us how you decided the direction
RS
  • #4,590
  • Edited 9:42am Jul 8, 2017 9:29am | Edited 9:42am
Quoting RisingSun
{quote} Well done and welcome! Tell us how you decided the direction RS

Compared with other currencies before doing both Manual entries.
Thank you for the welcome.
Kev
  • #4,591
  • Jul 8, 2017 12:35pm Jul 8, 2017 12:35pm
News trading is a good means we can trade forex if we want to make good analysis of this business. Some depend on news to trade because they believe the importance of news trading and know they can help themselves know what to do at the right point in time in their trade. I depend sometimes in this news it helps me with my analysis.
  • #4,592
  • Jul 8, 2017 9:29pm Jul 8, 2017 9:29pm
Thoughts on "smart traders"

90% CHANCE FOR CANADA INTEREST RATE HIKE ON WEDNESDAY, JULY 12TH

Job market reports of Canada and the USA have become the leading topics of the week. If in the former case statistics caused the markets to bargain on the Bank of Canada interest rate increase up to 0.75%, then in the latter case investors entertained doubts about next FRS interest increase rate (that is strange considering futures chart provided by CME Group).

USD
In expectation of Friday dollar sensitivity to externalities was observed. One of such externalities was the protocol of FOMC session publication (on Wednesday) which took place a few weeks ago. Some disagreements within the Committee members indirectly observed in protocols may cause market alertness regarding this year further FRS interest increase.

In the way of another sticking point for the buck, there were advanced job placement results published by the ADP on Thursday. Forecasts expected to be higher (158K in fact against 185K projected), that amid Tramp’s twit on Monday (a word “weak” was used in relation to job market) put markets on the alert about expected optimistic publications of the NFP.

Investors have no convincing evidence of Janet Yellen will increase an interest rate soon and are doubtful of further FRS policy tightening, which is confirmed by one more “mixed” job market report published on Friday:

US Average Hourly Earnings [m/m] 0.2% (-0.1%) 0.3 %
US Unemployment Rate 4.4% (0.1%) 4.3 %
US Nonfarm Payrolls 222 (43) 179
US Average Hourly Earnings [y/y] 2.5% (-0.1%) 2.6 %
At the same time there is a tendency towards the probability of target rates in December:
Attached Image


GBP

Manufacturing PMI index value appeared lower than it was expected and caused pound quotation fall earlier in the week.
On Tuesday a downfallen Construction PMI was animated, and on Wednesday Services PMI reduced, in the same manner, was animated too.
Brexit still saps the economy of the UK, a great part of industrial production data came in so-called “red zone” on Friday and correspondingly lower than it was expected. Thereby amid probable interest rate increase was expected from the BOE (Bank of England), the US dollar powered past pound at the end of the week. Don’t forget to keep watch over CPI index.

AUD&NZD

Australian currency quotation falling began one day before the RBA (Reserve Bank of Australia) sessions on interest rates – on Tuesday session protocols of the Australian Central Bank proved propensity to priming of the economy and soft monetary policy resulting in traders disappointment.
RBA fallout resulted in “NZD” quotations decline. This relapse caused a short-term break in business confidence.
At a time when export turnover grew, China held NZD rate, and traders took up decline all week long.

СAD

Financial markets of Canada opened trade on Tuesday having celebrated National Founding Day, that is why NZD had to “win back” oil hike one day in arrears (from Monday till Tuesday) resulted in CAD strength on session during the business week.
Quotations have received an additional macroeconomic fillip in the form of a ramped up employment which outstripped forecasts and thus gave a great appétit to CAD amid expected increase of Canada interest rate.
It seems, markets finally have believed in next week rate hike of the Bank and probability of such event on their opinion is equal 90%. Even now we can see the forecast of the rate increase up to 0.75% (from current 0.55%) over the next Wednesday, July 12.

EXPECTATIONS FOR COMING WEEK

Perhaps, the main events of the coming week will be the BOC decision (the market 90% sure in rate increase), and also Job market of the United Kingdom (the BOE is going to tighten the monetary politics “in the coming months”).

Both reports will be published on Wednesday. The British report may become the hardest one as it may contain a controversial, complex stream. Please pay your attention to additional comments on the site for each indicator before trading.

Also pay attention to Yellen speechification on Thursday as far as the market is at a stand regarding monetary future of the FOMS and will keep an eye on the FRS more than ever.

Integrated inflation data and retail report of the USA will be published on Friday. It may be hardly suitable for use in trade and require a new test as data are published all at the same time.
Only the price on the chart can show the entrance to the deal...
  • #4,593
  • Jul 8, 2017 9:30pm Jul 8, 2017 9:30pm
Attached Image
Only the price on the chart can show the entrance to the deal...
  • #4,594
  • Jul 9, 2017 3:49am Jul 9, 2017 3:49am
I do not see NO Core Inflation in forex factory calendar. Which site are you using and is it GMT time.
  • #4,595
  • Jul 9, 2017 4:30am Jul 9, 2017 4:30am
Quoting yory100
I do not see NO Core Inflation in forex factory calendar. Which site are you using and is it GMT time.
http://www.fasteconomicnews.com/fx_calendar.aspx
Change time to your local time (it is Japan time now).
This is a very good site for news trading. Almost all news charts are historically available in sec by sec terms.
  • #4,596
  • Jul 10, 2017 1:03am Jul 10, 2017 1:03am
NOK CPI
Attached Image (click to enlarge)
Click to Enlarge Name: EURNOK.M1.png Size: 24 KB
  • #4,597
  • Jul 10, 2017 1:06am Jul 10, 2017 1:06am
Attached Image
Only the price on the chart can show the entrance to the deal...
  • #4,598
  • Jul 10, 2017 2:01am Jul 10, 2017 2:01am
Ty, vvfish for the consistent update on the news release information.
  • #4,599
  • Jul 10, 2017 3:39am Jul 10, 2017 3:39am
NOK CPI news.

Here is Oanda Web platform, 5 sec. chart. Has anyone traded this news? (I haven't. )

If anyone, including myself, wants to improve skills to beat vvFish one day, this can be a good reference chart.

Attached Image (click to enlarge)
Click to Enlarge Name: 2017-07-10_1732.png Size: 148 KB
  • #4,600
  • Jul 10, 2017 3:47am Jul 10, 2017 3:47am
Quoting RisingSun
NOK CPI news. Here is Oanda Web platform, 5 sec. chart. Has anyone traded this news? (I haven't. ) If anyone, including myself, wants to improve skills to beat vvFish one day, this can be a good reference chart. {image}
it's a challenge?....
Only the price on the chart can show the entrance to the deal...
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