You can find one of the Best Forex Systems indicators, Free Forex Signals,Forex Analysis and Many more Forex Related Materials.
Just give it a look!
Fundamental Analysis
Trading these Factors: To trade these factors fundamentally you will first need an economic calendar and a news source, some calendars can be found at Forexfactory, bloomberg, forexnews, EventPak, and Dailyfx .to make things easy I have put that here.
Forex is all about time, so be fast in every thing you do.
The Strategy steps
1. Setup your trade plan, example would be to Short the GBPUSD if: the US trade balance previous was -$65.0B and the Market expects (consensus) -$67.0B and the Actual came out to be -$62.0B. This is way,
way off the consensus and is a thumbs up surprise which is good for the dollar. This plan would look like this in summary: previous: -$65.0Bconcensus: -$67.0BLong -> GBPUSD if US trade balance -$68.0B or less negative Short -> trade balance is -$66.0 or more positive this is how u should setup your trade plan. You must also be aware of conflicting reports like for example if a Industrial production and Manufacturing production values don’t both mean a short or a long, then don’t trade as the values conflict and the currency is AMBIGUOUS STEP
2. Review economic calendar and figure out the most important movers for the day. Example: forexfactory tells you these using color codes, if they are red; it means maximum potential VOLATILITY STEP.
3. Identify the time of the trade you are going to ENTER, The calendar shows the time when the data will be released which is the time for TRADING STEP.
4. Identify the previous and the consensus for the Economic data and look at the chart to know how the price would move, if the data is better, worse, or just as expected. This is the only time to use technical strategy, just to know how MUCH STEP.
5. TRADE THE PLAN! You will get into the trade EXACTLY when you see the figures come out, don’t hesitate, or else u are screwed. Stay in only as long as the charts tells you or before a retracement is complete so that you don’t loose your pips.
KEY ECONOMIC REPORTS LIST FOR USA
TYPE 1 in all actul report is the strongest to look INTO.
1- Non-Farm (This one is erratic but predictable)
- Trade figures- TIC Treasury International Capital
- Conference Board Consumer Confidence
- Current account
-Advance GDP
TYPE 2
- Personal Income and Outlays
- FOMC announcement
- Michigan final consumer sentiment
- NAPM Chicago
- Retail sales
- CPI
- Durable goods
- Philly fed survey
- Michigan Preliminary Consumer Sentiment
- FOMC Minutes
TYPE 3
- Industrial production
- ISM manufacturing
- ISM non-manufacturing
- Leading Indicators
- PPI Producer price index
- Weekly Initial claims
KEY ECONOMIC REPORTS FOR THE UK
TYPE 1
- Nationwide house price index
- CIPS Services PMI
- Halifax House price Index
- MPC interest rate decision
- PPI- RICS housing price index
- MPC minutes
- GFK Consumer confidence
TYPE 2
- not advised
- Industrial production
- ISM manufacturing
- ISM non-manufacturing
- Leading Indicators
- PPI Producer price index
- Weekly Initial claims
TYPE 3
- CIPS Manufacturing PMI
- Industrial Production
- Housing figures
- Trade balance
- CPI
- BOE Quarterly Inflation report
- Retail sales
- Current account
- GDP
KEY ECONOMIC REPORTS FOR CANADA
TYPE 1
- CPI
- Monthly survey of manufacturing
- Industrial capacity utilization rate
- Monetary policy report and update
TYPE 2- not advised
- Balance of Payments
- Business conditions survey manufacturing
TYPE 3
- Monthly GDP
- Labour force survey
- Trade figures
- Retail sales
- BOC interest rate decisions
Here are some Meaningfull meaning of some news outcome:
Few of US News Ranking:-
NEWS CATEGORY TARGET STOPLOSS
1. Non-Farm Payroll USA. 100 30
2. FOMC Release. 100 40
3. Durable Good. 45 25
4. Business Inventories. 45 25
5. Initial Jobless Claim. 45 25
6. Trade Balance. 60 35
7. PPI USA. 60 35
8. Personal Income. 60 25
9. Consumer Confidence. 60 35
10. Consumer Price Index. 45 35
11. Chicago PMI. 60 35
12. Factory Order/Inventories. 70 35
13. Wholesale Sales/inventories. 40 25
14. Univ Michigan Survey. 30 20
15. Home Sales. 30 20
16. ISM Manufacturers. 70 30
17. GDP 90 30
Tuesday, May 5, 2009
Forex Planing style.
You can find one of the Best Forex Systems indicators, Free Forex Signals,
Forex Analysis and Many more Forex Related Materials.
Just give it a look!
Fundamental Analysis
Trading these Factors: To trade these factors fundamentally you will first need an economic calendar and a news source, some calendars can be found at Forexfactory, bloomberg, forexnews, EventPak, and Dailyfx .to make things easy I have put that here.
Forex is all about time, so be fast in every thing you do.
The Strategy steps
1. Setup your trade plan, example would be to Short the GBPUSD if: the US trade balance previous was -$65.0B and the Market expects (consensus) -$67.0B and the Actual came out to be -$62.0B. This is way,
way off the consensus and is a thumbs up surprise which is good for the dollar. This plan would look like this in summary: previous: -$65.0Bconcensus: -$67.0BLong -> GBPUSD if US trade balance -$68.0B or less negative Short -> trade balance is -$66.0 or more positive this is how u should setup your trade plan. You must also be aware of conflicting reports like for example if a Industrial production and Manufacturing production values don’t both mean a short or a long, then don’t trade as the values conflict and the currency is AMBIGUOUS STEP
2. Review economic calendar and figure out the most important movers for the day. Example: forexfactory tells you these using color codes, if they are red; it means maximum potential VOLATILITY STEP.
3. Identify the time of the trade you are going to ENTER, The calendar shows the time when the data will be released which is the time for TRADING STEP.
4. Identify the previous and the consensus for the Economic data and look at the chart to know how the price would move, if the data is better, worse, or just as expected. This is the only time to use technical strategy, just to know how MUCH STEP.
5. TRADE THE PLAN! You will get into the trade EXACTLY when you see the figures come out, don’t hesitate, or else u are screwed. Stay in only as long as the charts tells you or before a retracement is complete so that you don’t loose your pips.
KEY ECONOMIC REPORTS LIST FOR USA
TYPE 1 in all actul report is the strongest to look INTO.
1- Non-Farm (This one is erratic but predictable)
- Trade figures- TIC Treasury International Capital
- Conference Board Consumer Confidence
- Current account
-Advance GDP
TYPE 2
- Personal Income and Outlays
- FOMC announcement
- Michigan final consumer sentiment
- NAPM Chicago
- Retail sales
- CPI
- Durable goods
- Philly fed survey
- Michigan Preliminary Consumer Sentiment
- FOMC Minutes
TYPE 3
- Industrial production
- ISM manufacturing
- ISM non-manufacturing
- Leading Indicators
- PPI Producer price index
- Weekly Initial claims
KEY ECONOMIC REPORTS FOR THE UK
TYPE 1
- Nationwide house price index
- CIPS Services PMI
- Halifax House price Index
- MPC interest rate decision
- PPI- RICS housing price index
- MPC minutes
- GFK Consumer confidence
TYPE 2
- not advised
- Industrial production
- ISM manufacturing
- ISM non-manufacturing
- Leading Indicators
- PPI Producer price index
- Weekly Initial claims
TYPE 3
- CIPS Manufacturing PMI
- Industrial Production
- Housing figures
- Trade balance
- CPI
- BOE Quarterly Inflation report
- Retail sales
- Current account
- GDP
KEY ECONOMIC REPORTS FOR CANADA
TYPE 1
- CPI
- Monthly survey of manufacturing
- Industrial capacity utilization rate
- Monetary policy report and update
TYPE 2- not advised
- Balance of Payments
- Business conditions survey manufacturing
TYPE 3
- Monthly GDP
- Labour force survey
- Trade figures
- Retail sales
- BOC interest rate decisions
Here are some Meaningfull meaning of some news outcome:
Few of US News Ranking:-
NEWS CATEGORY TARGET STOPLOSS
1. Non-Farm Payroll USA. 100 30
2. FOMC Release. 100 40
3. Durable Good. 45 25
4. Business Inventories. 45 25
5. Initial Jobless Claim. 45 25
6. Trade Balance. 60 35
7. PPI USA. 60 35
8. Personal Income. 60 25
9. Consumer Confidence. 60 35
10. Consumer Price Index. 45 35
11. Chicago PMI. 60 35
12. Factory Order/Inventories. 70 35
13. Wholesale Sales/inventories. 40 25
14. Univ Michigan Survey. 30 20
15. Home Sales. 30 20
16. ISM Manufacturers. 70 30
17. GDP 90 30
Forex Analysis and Many more Forex Related Materials.
Just give it a look!
Fundamental Analysis
Trading these Factors: To trade these factors fundamentally you will first need an economic calendar and a news source, some calendars can be found at Forexfactory, bloomberg, forexnews, EventPak, and Dailyfx .to make things easy I have put that here.
Forex is all about time, so be fast in every thing you do.
The Strategy steps
1. Setup your trade plan, example would be to Short the GBPUSD if: the US trade balance previous was -$65.0B and the Market expects (consensus) -$67.0B and the Actual came out to be -$62.0B. This is way,
way off the consensus and is a thumbs up surprise which is good for the dollar. This plan would look like this in summary: previous: -$65.0Bconcensus: -$67.0BLong -> GBPUSD if US trade balance -$68.0B or less negative Short -> trade balance is -$66.0 or more positive this is how u should setup your trade plan. You must also be aware of conflicting reports like for example if a Industrial production and Manufacturing production values don’t both mean a short or a long, then don’t trade as the values conflict and the currency is AMBIGUOUS STEP
2. Review economic calendar and figure out the most important movers for the day. Example: forexfactory tells you these using color codes, if they are red; it means maximum potential VOLATILITY STEP.
3. Identify the time of the trade you are going to ENTER, The calendar shows the time when the data will be released which is the time for TRADING STEP.
4. Identify the previous and the consensus for the Economic data and look at the chart to know how the price would move, if the data is better, worse, or just as expected. This is the only time to use technical strategy, just to know how MUCH STEP.
5. TRADE THE PLAN! You will get into the trade EXACTLY when you see the figures come out, don’t hesitate, or else u are screwed. Stay in only as long as the charts tells you or before a retracement is complete so that you don’t loose your pips.
KEY ECONOMIC REPORTS LIST FOR USA
TYPE 1 in all actul report is the strongest to look INTO.
1- Non-Farm (This one is erratic but predictable)
- Trade figures- TIC Treasury International Capital
- Conference Board Consumer Confidence
- Current account
-Advance GDP
TYPE 2
- Personal Income and Outlays
- FOMC announcement
- Michigan final consumer sentiment
- NAPM Chicago
- Retail sales
- CPI
- Durable goods
- Philly fed survey
- Michigan Preliminary Consumer Sentiment
- FOMC Minutes
TYPE 3
- Industrial production
- ISM manufacturing
- ISM non-manufacturing
- Leading Indicators
- PPI Producer price index
- Weekly Initial claims
KEY ECONOMIC REPORTS FOR THE UK
TYPE 1
- Nationwide house price index
- CIPS Services PMI
- Halifax House price Index
- MPC interest rate decision
- PPI- RICS housing price index
- MPC minutes
- GFK Consumer confidence
TYPE 2
- not advised
- Industrial production
- ISM manufacturing
- ISM non-manufacturing
- Leading Indicators
- PPI Producer price index
- Weekly Initial claims
TYPE 3
- CIPS Manufacturing PMI
- Industrial Production
- Housing figures
- Trade balance
- CPI
- BOE Quarterly Inflation report
- Retail sales
- Current account
- GDP
KEY ECONOMIC REPORTS FOR CANADA
TYPE 1
- CPI
- Monthly survey of manufacturing
- Industrial capacity utilization rate
- Monetary policy report and update
TYPE 2- not advised
- Balance of Payments
- Business conditions survey manufacturing
TYPE 3
- Monthly GDP
- Labour force survey
- Trade figures
- Retail sales
- BOC interest rate decisions
Here are some Meaningfull meaning of some news outcome:
Few of US News Ranking:-
NEWS CATEGORY TARGET STOPLOSS
1. Non-Farm Payroll USA. 100 30
2. FOMC Release. 100 40
3. Durable Good. 45 25
4. Business Inventories. 45 25
5. Initial Jobless Claim. 45 25
6. Trade Balance. 60 35
7. PPI USA. 60 35
8. Personal Income. 60 25
9. Consumer Confidence. 60 35
10. Consumer Price Index. 45 35
11. Chicago PMI. 60 35
12. Factory Order/Inventories. 70 35
13. Wholesale Sales/inventories. 40 25
14. Univ Michigan Survey. 30 20
15. Home Sales. 30 20
16. ISM Manufacturers. 70 30
17. GDP 90 30
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