The Institute of Supply Management (ISM) Manufacturing Index measures the activity level of purchasing managers in the manufacturing sector, with a reading above 50 indicating expansion.
Release Time: 10.00 EST
How to trade It:
Currency Pair: USD/Chf, USD/JPY, EUR/USD and GBP/USD
Wait for 5 mints after the release , till the 5 Mint candle is formed.
Now the High and the Low on that 5 Mint candle should give you the Upper and Lower treshold.
Wait for a 5 Mint CLOSE above or below our treshold levels.
This could take upto 30 Mints.
Try to eneter at the upper/lower treshold price or beter , wityh the Stop being above/below the other treshold price.
I would exit my positions at 1:1, 1:2 and 1:3
The reason I am not too fond of trading the #s directly is that, the report has to be analyesed, though i would be trading the #s I am not in a postion to provide a trigger based on just the headline #.
If you want to subscribe to my analysis and trading statergy for news releases please visit : http://groups.google.ca/group/huskins
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Release Time: 10.00 EST
How to trade It:
Currency Pair: USD/Chf, USD/JPY, EUR/USD and GBP/USD
Wait for 5 mints after the release , till the 5 Mint candle is formed.
Now the High and the Low on that 5 Mint candle should give you the Upper and Lower treshold.
Wait for a 5 Mint CLOSE above or below our treshold levels.
This could take upto 30 Mints.
Try to eneter at the upper/lower treshold price or beter , wityh the Stop being above/below the other treshold price.
I would exit my positions at 1:1, 1:2 and 1:3
The reason I am not too fond of trading the #s directly is that, the report has to be analyesed, though i would be trading the #s I am not in a postion to provide a trigger based on just the headline #.
If you want to subscribe to my analysis and trading statergy for news releases please visit : http://groups.google.ca/group/huskins
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