Forum on trading, automated trading systems and testing trading strategies
newdigital, 2014.03.13 08:16
Trading the News: U.S. Retail Sales (based on dailyfx article)
Time of release: 03/13/2014 12:30 GMT, 8:30 EDT
Primary Pair Impact: EURUSD
Forecast: -0.2% to 0.4%
Why Is This Event Important:
With the Federal Open Market Committee (FOMC) widely expected to discuss
another $10B taper at the March 19 meeting, a pickup in private sector
consumption may put increased pressure on the central bank to normalize
monetary policy sooner rather than later, but we may see Fed Chair Janet
Yellen preserve the zero-interest rate policy (ZIRP) for an extended
period of time in an effort to curtail the ongoing slack in the real
economy.How To Trade This Event Risk
Bullish USD Trade: Household Spending Increases 0.2% or Greater
Potential Price Targets For The Release
January 2014 U.S. Retail Sales :
MetaTrader Trading Platform Screenshots
EURUSD, M5, 2014.03.13
MetaQuotes Software Corp., MetaTrader 5, Demo
EURUSD M5 : 12 pips price movement by USD - Retail Sales news event
newdigital, 2014.03.18 06:28
2013-03-18 00:30 GMT (or 01:30 MQ MT5 time) | [AUD - Monetary Policy Meeting Minutes]
RBA Minutes: May Keep Rates Steady For 'Some Time'
The members of the Reserve Bank of Australia's monetary policy board
said that the RBA may well keep its benchmark interest rate steady
indefinitely, minutes from the central bank's March 4 meeting revealed
The members said that the benchmark could be maintained for "some time" as long as it was warranted by the economic conditions.
recent meetings, the board had judged that it was prudent to leave the
cash rate unchanged, while noting that the cash rate could remain at its
current level for some time if the economy was to evolve broadly as expected," the minutes said.
board said that the lower exchange rate for the Australian dollar was
helping the economy and likely would continue to do so.
meeting, the RBA maintained its main cash rate at a record low 2.50
percent for a seventh successive month, and indicated a period of
stability in monetary policy, as inflation pressures remained high.
pace of growth of Australia's major trading partners appeared to have
remained around average. Domestically, timely indicators were consistent
with some improvement in economic conditions over recent months, and
there were further signs that the expansionary setting of monetary
policy was having the desired effects. Indicators had been generally
positive for consumption, housing investment, business conditions and exports," the minutes said.
AUDUSD, M5, 2014.03.18
AUDUSD M5 : +18/-19 price range movement by AUD - Monetary Policy Meeting Minutes news event
newdigital, 2014.03.19 06:32
Trading the News: U.K. Jobless Claims Change (based on dailyfx article)
Potential Price Targets For The Rate Decision
GBPUSD M5 : 100 pips price movement by GBP - Claimant Count Change news event :
GBPUSD, M5, 2014.03.19
GBPUSD M5 : 19 pips price movement by Claimant Count Change news event
newdigital, 2014.03.20 06:52
An Introducation to Trading Strategy (based on dailyfx article)
Each trader must develop their own unique trading style. Normally
traders will choose a style based off of the times they trade and the
assets the select for trading. Ultimately these strategies will fall
into one of three categories. Today we will briefly review the basis of
range, trend, and breakout trading and what traders implementing these
strategies look for.
Range Trading Strategies
First, range traders use technical analysis to trade sideways moving
markets. This is done by identifying price trading horizontally between
two areas of support and resistance. Once these values are found,
traders can begin to trade between them. Normally ranges are known to
occur during times during of low volatility.
The benefit of trading ranging markets is that traders can take a
directionless trading strategy. This means range traders will look to
initiate both buy orders (at support) and sell positions (as price
reaches resistance). As well risk can be clearly defined to exit ranging
positions in the event of a price breakout.Breakout Strategies
A Price breakout occurs when price action either rises above resistance
or drops below support. Normally a breakout is preceded by a
consolidating pattern or sideways movements such as a range mentioned
above. Savy traders that are aware of these conditions can quickly adapt
their trading plan and be prepared to take advantage of the next market
move with a use of an entry order while waiting for a breakout.
The advantage of this style of trading is that breakout t traders have
the ability to trade with entry orders. This means even if you are not
in front of your computer, entries can be set to enter the market if
price breaches a certain level. The idea is to enter the market on a
surge in price in the direction of market momentum. In the event that
price continues to consolidate these entry orders can easily be deleted
and traders may then look for trades elsewhere.The Retracement Strategies
Lastly, trend traders look to take advantage of strong directional
movements in the market. Trading a retracement is probably one of the
most popular methods of doing so. Retracements traders will wait
patiently for a pullback in the trend and then enter into the market.
newdigital, 2014.03.20 07:24
2013-03-19 21:45 GMT (or 22:45 MQ MT5 time) | [NZD - GDP]
if actual > forecast = good for currency (for NZD in our case)
New Zealand GDP Rises 0.9% On Quarter
New Zealand's gross domestic product added 0.9 percent on quarter in
the fourth quarter of 2013, Statistics New Zealand said on Thursday.
That was in line with expectations and slowing from 1.4 percent in the third quarter.
NZDUSD, M5, 2014.03.20
NZDUSD M5 : 33 pips price movement by NZD - GDP news event
newdigital, 2014.03.24 07:22
2013-03-24 01:45 GMT (or 02:45 MQ MT5 time) | [CNY - Flash Manufacturing PMI]
if actual > forecast = good for currency (for CNY in our case)
China Manufacturing PMI Hits Eight-Month Low - HSBC
China's manufacturing sector fell deeper into contraction in March,
the latest flash PMI from HSBC and Markit Economics revealed on Monday.
The index came in with a seasonally adjusted score of 48.1, touching an
The headline figure is down from 48.5 in
February, and it was well shy of forecasts for 48.7 - and it moves the
index further below the mark of 50 that separates expansion from
Among the key components of the survey, the output index sank to 47.3 from 48.8 in the previous month - hitting an 18-month low.
other components, new orders, work backlogs, output prices, input
prices and quantity of purchases all continued to contract at an
NZDUSD, M5, 2014.03.24
NZDUSD M5 : 16 pips price movement by CNY - Flash Manufacturing PMI news event
newdigital, 2014.03.28 07:17
NZDUSD Technical Analysis (based on dailyfx article)
newdigital, 2014.03.30 19:55
newdigital, 2014.03.30 13:51
newdigital, 2014.04.01 07:31