Update

Well,

I can't tell you how these last 2 weeks have gone except that I lost around 5% of the account on trades that just spiked and retraced really quickly. Kind of odd action in my opinion.

Made 0.2 % on GBP news this morning, but it also spiked oddly for being such a big deviation.

I'm assuming that it is because this is nonfarm payroll week this week. I will be trading a deviation of 10k on usdjpy.

Between this trade and the CAD employment news next week, it will probably determine whether or not I take a break from trading for a while.

I wish you all the best of luck.

AUD Trade result and CAD deviation numbers

Lost about 1.5% on the AUD news. It came out at a good deviation, but the news from Australia is released very unevenly, so I didn't get the autoclick until the end of the spike and had to withstand over 3% drawdown before closing for a smaller loss. I am pondering never trading AUD news again due to the variance in releases and time delievered to SNWelite.

CAD core retail sales is in the morning at 0730 central time trading USDCAD. Trading deviation of 0.5. Sell if +0.5 and -0.5 buy usdcad.

Tuesday 22AUG2014 trades AUDUSD

Hey all,

I apologize for my absence. I made almost 1% on GBP employment news last week... very odd move.

Anyways, today I am trading the AUDUSD at 2030 central time and also 2045 central time.

2030: CPI m/m deviation of 0.2 will be what I trade
2045: Chinese news HSBC Flash Manufacturing PMI  trading a deviation of 0.6 or more on audusd.

I will post CAD trading numbers later for all. Core retail sales will be coming out.

Best of luck to all.

Aussie trade was a no trade for me

Hey all

At the last minute I moved the order window for the autoclicker and messed up the trade that would have been somewhat successful... I'm not too disappointed today though because it was AUD news and it seemed to come out late on my news feed. Most of the move had already happened. Not sure how well I would have really done.

For those that were able to trade it, I hope it went well!

I do not have good internet for a few days, so I will be posting more limited until Tuesday. However, I will update on what trades I plan on taking next week on Sunday. Next week is a decently busy week and will hopefully produce at least one good winner.

Have a good weekend everybody.

Australia employment triggers and how to spike news trade for free

Hey again,

So let's see if this week can be 2 for 2...

For the Australian employment news, I will trade a deviation of 8-10 from the expected figure. Trading AUDUSD. This is an aggressive number, so use caution if your appetite for risk is low. fasteconomicnews.com does not show an expected figure yet, so I am waiting for that on this trade.

As far as spike trading the news, I think that it is not affordable for some people. Fortunately, there is a solution for that: Forex News Gun at forexpeacearmy.com

http://www.forexpeacearmy.com/forex-forum/forex-news-gun/

Go ahead and read the description of how it works there. Hopefully this allows a lot of you to be able to test out the forex news gun and see what spike trading does for you.

Free straddle trading ea that I used with moderate success.

http://www.forexfactory.com/showthread.php?t=6854&page=53

I would link the account to myfxbook, but my broker does not support metatrader 4 and it is the only ecn that I will trade with here in the USA. Unfortunately, a lot of people will probably not believe what I have to say on this blog, but that's their loss, not mine.

Good luck trading!

This morning's Trade

	04:30		GB Industrial Production (M/M)	0.9	0.3	0.1	0	Chart
	04:30		GB Industrial Production (Y/Y)	2.7	2.2	2.9	2.8	Chart
	04:30		GB Manufacturing Production (M/M)	1	0.3	0.4	0.3	Chart
	04:30		GB Manufacturing Production (Y/Y)	3.8	3.1	3.3	3.2	Chart

Alright everybody, we had pretty large deviations on both releases today, which is great news for a news trader. I ended up catching the trade using SNW elite at GBP/USD 1.6659 and only held it for 10 seconds to 1.6681 because I got so excited that something was finally going right for me. I made a 22 pip gain and a 4.4% gain on my account (using less than 1:50 leverage).

Normally I would have looked at the numbers in those first ten seconds and seen that the deviation was significant enough to hold the trade for the first minute or so, but I  had such a bad month last month that I was just excited to see profit. I cut my trade off a little too soon and did not let the profits run. I continue to refine my skills every day.

As it was, I made 4.4% which is fantastic news. Good for any week. Maybe Wednesday with Australian Unemployment numbers will bring another good trade. I will post my triggers tonight or tomorrow morning for that trade.

So to summarize any lessions learned today, sometimes it pays to hold the trade if the deviation is significant, but a gain is a gain and better than nothing or losing money. I will continue to share any insight that I gain from trading.

Good luck trading everyone!

Trade triggers for GBP news

Industrial Production m/m

Manufacturing production m/m

I am looking for a deviation of +.2 or -.2 for a move of 20-30 pips. Buy GBP/USD for +.2 and sell GBP/USD for -.2 deviation.

Good luck if anyone else is trading this tonight. I hope the deviation is great and in our favor!