NZD/USD Intra-Day Fundamentals: New Zealand Overseas Merchandise Trade and 16 pips price movement
2016-09-25 21:45 GMT | [NZD - Trade Balance]
if actual > forecast (or previous one) = good for currency (for NZD in our case)
[NZD - Trade Balance] = Difference in value between imported and exported goods during the reported month.
NZD/USD M5: 16 pips price movement by New Zealand Overseas Merchandise Trade news event
EUR/USD Intra-Day Fundamentals: German IFO Business Climate and 11 pips price movement
2016-09-26 08:00 GMT | [EUR - German IFO Business Climate]
if actual > forecast (or previous one) = good for currency (for EUR in our case)
[EUR - German IFO Business Climate] = Level of a composite index based on surveyed manufacturers, builders, wholesalers, and retailers.
EUR/USD M5: 11 pips price movement by German IFO Business Climate news event
Intra-Day Fundamentals - EUR/USD and USD/CAD: U.S. New Home Sales2016-09-26 14:00 GMT | [USD - New Home Sales]
if actual > forecast (or previous one) = good for currency (for USD in our case)
[USD - New Home Sales] = Annualized number of new single-family homes that were sold during the previous month.
From Market Watch article: New-home sales slip in August but top forecast
EUR/USD M5: 10 pips range price movement by U.S. New Home Sales news events
USD/CAD M5: 38 pips range price movement by U.S. New Home Sales news events
Technical Targets for EUR/USD by United Overseas Bank (based on the article)
H4 price is on bullish ranging above 100 SMA/200 SMA area within
the following support/resistance
price. United Overseas Bank is expecting for this pair to be on ranging within 1.1120/1.1290 levels:
"While the undertone for EUR has improved with the reasonably strong
daily closing yesterday, it is premature to expect a sustained up-move.
1.1290 is still acting as strong resistance and even if there is a break
above level, EUR is expected to face another solid resistance near
1.1325. That said, for the next few days, the positive undertone would
stay intact unless there is a move back below 1.1180."
Intra-Day Fundamentals - EUR/USD and USD/CAD: The Conference Board Consumer Confidence2016-09-27 14:00 GMT | [USD - CB Consumer Confidence]
[USD - CB Consumer Confidence] = Level of a composite index based on surveyed households.
EUR/USD M5: 18 pips price movement by The Conference Board Consumer Confidence news events
USD/CAD M5: 40 pips price movement by The Conference Board Consumer Confidence news events
AUD/USD Intra-Day Fundamentals: RBA Assist Gov Edey Speaks and 13 pips price movement
2016-09-28 00:20 GMT | [AUD - RBA Assist Gov Edey Speaks]
[AUD - RBA Assist Gov Edey Speaks] = The Speech at the Australian Financial Review Retail Summit, in Melbourne.
Today I'll talk about how the way we pay is changing, and what it means for retail
businesses. I'll also talk about the Reserve Bank's role as a payments regulator and
about some of the things that are just around the corner in payments."
AUD/USD M5: 13 pips price movement by RBA Assist Gov Edey Speaks news event
Intra-Day Fundamentals - EUR/USD and AUD/USD: Durable Goods Orders2016-09-28 12:30 GMT | [USD - Durable Goods Orders]
[USD - Durable Goods Orders] = Change in the total value of new purchase orders placed with manufacturers for durable goods.
From Market Watch article: Durable-goods orders lose steam in August
for durable or long-lasting goods flattened out in August after a
sizable gain in the prior month, pointing to ongoing difficulties for
American manufacturers. Orders fell 22% for large commercial aircraft, a
that’s exhibited large swings during the summer. Bookings for new autos
rose 0.7%, however. Stripping out transportation, orders sagged 0.4%,
the Commerce Department said Wednesday. Demand declined for heavy
machinery, computers and electrical equipment. What’s
more, shipments of core capital goods, a category used to help
determine gross domestic product, fell 0.4% to mark the fourth straight
EUR/USD M5: 16 pips price movement by Durable Goods Orders news events
AUD/USD M5: 15 pips range price movement by Durable Goods Orders news events
Intra-Day Fundamentals - EUR/USD and USD/CAD: U.S. Gross Domestic Product2016-09-29 12:30 GMT | [USD - GDP]
[USD - GDP] = Annualized change in the inflation-adjusted value of all goods and services produced by the economy.
EUR/USD M5: 24 pips price movement by U.S. Gross Domestic Product news events
USD/CAD M5: 25 pips range price movement by U.S. Gross Domestic Product news events
Forum on trading, automated trading systems and testing trading strategies
Sergey Golubev, 2014.03.07 09:08
Who Can Trade a Scalping Strategy? (based on dailyfx article)
The term scalping elicits different preconceived connotations to
different traders. Despite what you may already think, scalping can be a
viable short term trading methodology for anyone. So today we will look
at what exactly is scalping, and who can be successful with a scalping
What is a Scalper?
So you’re interested in scalping? A Forex scalper is considered anyone
that takes one or more positions throughout a trading day. Normally
these positions are based around short term market fluctuations as price
gathers momentum during a particular trading session. Scalpers look to
enter the market, and preferably exit positions prior to the market
Normally scalpers employ technical trading strategies utilizing short
term support and resistance levels for entries. While normally
fundamentals don’t factor into a scalpers trading plan, it is important
to keep an eye on the economic calendar to see when news may increase
the market’s volatility.
High Frequency Trading
There is a strong misconception that all scalpers are high frequency
traders. So how many trades a day does it take to be considered a
scalper? Even though high frequency traders ARE scalpers, in order for
you to qualify as a scalper you only need to take 1 position a day! That
is one of the benefits of scalping. You can trade as much or as little
as you like within a giving trading period.
This also falls in line with one of the benefits of the Forex market.
Due to the 24Hr trading structure of Forex, you can scalp the market at
your convenience. Take advantage of the quiet Asia trading session, or
the volatile New York – London overlap. Trade as much or as little as
you like. As a scalper the choice is ultimately yours to make!
There are always risks associated with trading. Whether you are a short
term, long term, or any kind of trader in between any time you open a
position you should work on managing your risk. This is especially true
for scalpers. If the market moves against you suddenly due to news or
another factor, you need to have a plan of action for limiting your
There are other misconceptions that scalpers are very aggressive traders
prone to large losses. One way to help combat this is to make scalping a
mechanical process. This means that all of your decisions regarding
entries, exits, trade size, leverage and other factors should be written
down and finalized before approaching the charts. Most scalpers look to
risk 1% or even less of their account balance on any one position
Who can Scalp?
So this brings us to the final question. Who can be a scalper? The
answer is anyone with the dedication to develop a trading strategy and
the time to implement that strategy on any given trading day.
GoMarkets broker, initial deposit is 1,000
Alpari UK broker initial deposit is 1,000
RoboForex broker initial deposit is 1,000
USD/CNH Intra-Day Fundamentals: aixin Manufacturing PMI and 41 pips price movement
2016-09-30 01:45 GMT | [CNY - Caixin Manufacturing PMI]
[CNY - Caixin Manufacturing PMI] = Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry.
USD/CNH M5: 41 pips price movement by aixin Manufacturing PMI news event