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Trading the news

  • #21
  • Feb 13, 2015 9:19am Feb 13, 2015 9:19am
I'm up 40 pips on USDCAD btw. I also traded the 9:00 USD report and got taken in on UJ, EU, and AU.
Good luck and may the odds be ever in your favor!
  • #22
  • Feb 13, 2015 9:45am Feb 13, 2015 9:45am
I closed my USD CAD trade for about 30 pips
Good luck and may the odds be ever in your favor!
  • #23
  • Feb 13, 2015 10:43am Feb 13, 2015 10:43am
Everything seems to be consoliating now. I will hold my positions until I can at least BE. I will also be placing limit orders on the NZD/USD before market close today in anticipation of Sunday's report. I will cover that more towards the end of market close.
Good luck and may the odds be ever in your favor!
  • #24
  • Feb 13, 2015 2:07pm Feb 13, 2015 2:07pm
Alright here is the trade for Sunday! You will want to place these orders 5 minutes before market close on the NZD/USD

Assuming cosolidation pattern holds on the 5 minute chart...Place a buy limit order at .7486 and a sell limit order at .74439. We have to zoom out to the 1 hour to identify targets. I have a target on my sell order at .7420 and a target for my buy order at .7524.

It's very important you do not place these orders until 5 minutes from market close because you do not want to be taken in prematurely! Hope everyone has green pips on Sunday open.
Attached Image(s) (click to enlarge)
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Good luck and may the odds be ever in your favor!
  • #25
  • Edited 9:09am Feb 15, 2015 6:41am | Edited 9:09am
From forexcrunch.com....


The US dollar was on the back foot against most currencies in the past week. Japanese GDP, German Economic Sentiment, UK employment data, the FOMC Meeting Minutes and the FOMC meeting minutes stand out. These are the main events on FX calendar for this week. Here is an outlook on the market movers coming our way:
U.S. retail sales unexpectedly declined 0.8% in January, following a 0.9% drop in December. The low oil prices did not boost sales as previously predicted and economistsmissed also on consumer confidence. However, analysts still believe sales will pick up in light of the ongoing improvement in the labor market and low prices. In the euro-zone, the hopes about a resolution for Greece, despite struggles, was joined by strong German growth numbers. In the UK, the hawkish approach from Carney helped sterling. The Aussie was pressured by weak employment data and the loonie was not boring as it moved sharply with oil prices. Let’s start:

  1. Japan GDP data: Sunday. 23:50. Gross domestic product contracted by an annualized 1.6% in the three months ended September, considerably lower than the 2.2% rise estimated by economists. On a quarterly basis, Japan’s GDP dropped 0.4%, amid lower business investment. Economies forecasted a 0.5% rise in the third quarter. Japan’s consumption tax increased to 8% in April but did not result in a major fiscal improvement. Policymakers consider another 10% rise to boost GDP growth. Economists expect GDP will rise 0.9% in the fourth quarter of 2014.
  2. Eurogroup meetings: Monday. The Eurogroup Finance Ministers will continue to search for a solution to the Greek debt crisis after failing to do so last week. The new Greek government is determined to change the rules of the game to relieve its staggering debt burden and loosen the tight austerity measures imposed by the previous Government. There is a better chance that this happens onceMerkel passes the hurdle of state elections in Hamburg.
  3. UK inflation data: Tuesday, 9:30. The UK inflation rate declined sharply to 0.5% in December, from 1.0% in the previous month, reaching its lowest rate since May 2000. This decline was prompted by lower fuel prices. Analysts expected inflation to reach 0.7%. Bank of England governor Mark Carney still expects rate hikes in the next two years despite the sluggish inflation. Economists predict the ongoing inflation decline will continue while households are expected to benefit from these super low rates. UK CPI is expected to rise 0.3% this time.
  4. German ZEW Economic Sentiment: Tuesday, 10:00. German analyst and investor climate edged up in January amid low oil prices. Sentiment rose to 48.4 in January from 34.9 in December, reaching the highest level since February last 2014. The strong release beat forecast for a 40.1 reading. Economists warned that if the Greek situation deteriorates it will influence the German economy. German analyst and investor climate is expected to jump to 56.2.
  5. Japan rate decision: Wednesday. At its January monetary policy meeting, the Bank of Japan decided to maintain its monetary policy and continue to raise the monetary base at an annual pace of JPY 80 trillion. The decision was in line with market expectations. The bank noted a slight improvement in exports and a rise in industrial output and forecast a stronger expansion from lower oil prices. Inflation expectations also increased but expected to slow temporarily due to the oil price decline.
  6. UK employment data: Wednesday, 9:30. The number of people unemployed fell by 29,700 in December following a decline of 26,900 in November indicating UK’s labor market remains strong. Furthermore, average earnings have increased, a positive development to household spending. However, wage growth will be sustained only if production improves. The number of unemployed is predicted to decline by 25,200 in January. The unemployment rate for December is predicted to stand at 5.8% and wages at 1.7%.
  7. US Building Permits: Wednesday, 13:30. The number of US building permits declined 1.9% in December, reaching an annualized pace of 1.03 million units, while housing starts jumped 4.4% to 1.09 million units. Economists expected permits to reach 1.06 million. The main reason for the sluggish growth in the housing market is that wage growth is slow disqualifying many potential buyers from obtaining mortgages. The number of US building permits is estimated to reach1.08 million units.
  8. US PPI: Wednesday, 13:30. U.S. producer prices plunged 0.3% in December, the steepest decline in three years amid declining energy costs. The reading was in line with market forecast. Following this report the Fed reduced its inflation expectations, raising new doubts about future rate hikes. However policymakers regard the falling inflation is temporary. U.S. producer prices are expected to rise 0.4%.
  9. US FOMC Meeting Minutes: Wednesday, 19:00. In the last Fed decision back in late January, theFed sounded optimism about the economy and about the “strong job market” to quote the statement. However, it continued urging patience regarding raising the rate and mentioned international developments. We will now learn how the members see the economy and how worried they are about events abroad.
  10. US Unemployment Claims: Thursday, 13:30. Initial claims for unemployment benefits edged up 25,000 to a seasonally adjusted 304,000 last week. However, the general trend still shows strength in the US labor market. Analysts expected a modest climb to 282,000 last week. The four-week moving average dropped 3,250 to 289,750. Economists expect jobless claims will remain subdued amid the massive job gain over the last three months. The number of jobless claims is expected to rise by 305,000.
  11. US Philly Fed Manufacturing Index: Thursday, 15:00. Manufacturing activity in the Philadelphia-region slipped into lower gear in January, reaching 6.3 points, following 24.5 in December. This was the largest fall in 11 months. Analysts expected a much higher figure of 20.3. The majority of responders reported that lower energy prices were having overall net positive effects on manufacturing business and the six-month outlook continued to be positive. Manufacturing activity is expected to climb to 8.8 points.

Good luck and may the odds be ever in your favor!
  • #26
  • Feb 15, 2015 1:59pm Feb 15, 2015 1:59pm
NZD is up against the USD right now according to XE. If retail sales beat expectations we should be taken in via our buy limit. I anticipate a further correction against the dollar this week. After the NZD data we have JPY data. A Sunday full of data that should start to get the market moving early! I look forward to trading with all of you this week!
Good luck and may the odds be ever in your favor!
  • #27
  • Edited 3:55pm Feb 15, 2015 3:31pm | Edited 3:55pm
Quoting dbutton1990
NZD is up against the USD right now according to XE. If retail sales beat expectations we should be taken in via our buy limit. I anticipate a further correction against the dollar this week. After the NZD data we have JPY data. A Sunday full of data that should start to get the market moving early! I look forward to trading with all of you this week!
Agree.

NZ dollar little changed ahead of retail sales data as US on holiday
https://nz.finance.yahoo.com/news/nz...194600258.html
******
World Week Ahead: Greece, Fed minutes, Wal-Mart
https://nz.finance.yahoo.com/news/wo...182800691.html

It mentioned a minutes of USA meeting will be released on this Wed so I think on Wed NZD/USD will start to drop.
******

******
  • #28
  • Feb 15, 2015 4:01pm Feb 15, 2015 4:01pm
I have been taken in to the north on the NZDUSD. Let's see what happens!
Good luck and may the odds be ever in your favor!
  • #29
  • Feb 15, 2015 4:14pm Feb 15, 2015 4:14pm
Quoting roger44
{quote} Agree. NZ dollar little changed ahead of retail sales data as US on holiday https://nz.finance.yahoo.com/news/nz...194600258.html ****** World Week Ahead: Greece, Fed minutes, Wal-Mart https://nz.finance.yahoo.com/news/wo...182800691.html It mentioned a minutes of USA meeting will be released on this Wed so I think on Wed NZD/USD will start to drop. ****** ******
Wednesdays event will be a dollar mover for sure! We will be trading that event. In the past I have seen FOMC meeting minutes be pretty volatile, my method for those kinds of news items is to stay out and wait for direction.
Good luck and may the odds be ever in your favor!
  • #30
  • Feb 15, 2015 5:30pm Feb 15, 2015 5:30pm
I'm still in the NZD trade. I have identified M15 consolidation on the USDJPY and have placed orders already. Buy limit at 118.95 and a sell limit at 118.30. Good luck guys!
Attached Image (click to enlarge)
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Good luck and may the odds be ever in your favor!
  • #31
  • Feb 15, 2015 5:39pm Feb 15, 2015 5:39pm
Quoting dbutton1990
I'm still in the NZD trade. I have identified M15 consolidation on the USDJPY and have placed orders already. Buy limit at 118.95 and a sell limit at 118.30. Good luck guys! {image}
It's important to note the small H/S pattern on the M15 here. If we fall back into the previous consolidation range, that is bad news for the bulls and I could potentailly see us headed down to 113. This won't be a straight fall, so plenty of pip making opportunities!
Good luck and may the odds be ever in your favor!
  • #32
  • Feb 15, 2015 6:28pm Feb 15, 2015 6:28pm
Keep an eye on the AUDUSD guys...breaking out of consolidation as I type this. AUD motor vehicle sales due out in 1 minute
Attached Image (click to enlarge)
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Good luck and may the odds be ever in your favor!
  • #33
  • Feb 15, 2015 6:51pm Feb 15, 2015 6:51pm
Quoting dbutton1990
Keep an eye on the AUDUSD guys...breaking out of consolidation as I type this. AUD motor vehicle sales due out in 1 minute {image}
Please give some advices about Today's EUR trade-balance affecting NZD/USD ?
  • #34
  • Feb 15, 2015 6:57pm Feb 15, 2015 6:57pm
Quoting roger44
{quote} Please give some advices about Today's EUR trade-balance affecting NZD/USD ?
Not really sure what you are talking about. Could you please elaborate?
Good luck and may the odds be ever in your favor!
  • #35
  • Feb 15, 2015 7:09pm Feb 15, 2015 7:09pm
I have closed my trade on the nzd/usd with 5 pip profit
Good luck and may the odds be ever in your favor!
  • #36
  • Feb 16, 2015 2:09pm Feb 16, 2015 2:09pm
We have the AUDUSD monetary policy meeting minutes tonight. There is a lot of fear in the market right now due to the Greece situation. I expect all respective pairs to flow to their safe haven. JPY, USD, CHF all gaining this week IMO
Good luck and may the odds be ever in your favor!
  • #37
  • Feb 16, 2015 6:08pm Feb 16, 2015 6:08pm
I'm looking to trade the monetary policy meeting minutes tonight. I have a feeling that this will drive the aussie lower. I will not jump in early though, as I have been burned in the past by this. I have identified a consolidation pattern as well as a H/S pattern on the 15 min chart. I will place my sell limit 10 pips below support at .7545 and a buy limit at .8805. These orders will be placed 5 minutes before the report is released. Good luck everyone!
Attached Image (click to enlarge)
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Good luck and may the odds be ever in your favor!
  • #38
  • Feb 16, 2015 6:11pm Feb 16, 2015 6:11pm
USD JPY looking to break support. I will sell this pair if it breaks below 118.30
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Good luck and may the odds be ever in your favor!
  • #39
  • Feb 16, 2015 6:15pm Feb 16, 2015 6:15pm
Quoting dbutton1990
USD JPY looking to break support. I will sell this pair if it breaks below 118.30 {image}
I have placed a sell order on the USDJPY at 118.20. Also for those viewing this thread. My method of trading the news is nothing more then trading consolidation breaks. If you have trades that you are looking at, feel free to post them!
Good luck and may the odds be ever in your favor!
  • #40
  • Feb 16, 2015 6:26pm Feb 16, 2015 6:26pm
orders have been placed on the aud/usd
Attached Image (click to enlarge)
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Good luck and may the odds be ever in your favor!
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