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Friday, October 18, 2013

Forexpathfinder indicator - After Government Shutdown USA Nonfarm Payroll and Other To Be Release Today (Friday, October 18)

Canada Core CPI    -    8:30am NY time   (Friday, October 18)

Change in the price of goods and services purchased by consumers also called Bank of Canada Core CPI, CPI Ex Volatile Items, excluding the 8 most volatile items is usually released monthly, about 20 days after the month ends; When Actual greater-than Forecast is Good for currency; Volatile items account for about a quarter of CPI but they tend to be very volatile and distort the underlying trend. The Bank of Canada pays most attention to the Core data - so do traders. This is among the few non-seasonally adjusted numbers reported on the calendar, as it's the calculation most commonly reported.













Important of It.
Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate;



Traded pair Expected figure Deviation trigger

USDCAD 0.2 (%) ±0.3 (%)

Buy USDCAD if actual figure is or is below -0.1 (%)

Sell USDCAD if actual figure is or is above 0.5 (%)

Expected move during first 20 minutes after the release is 20 pips or more.


  Forexpathfinder Signals Trade Plan
 

Traded currency pair : USDCAD

Initial spike duration limit : 15 seconds

Initial spike price action threshold : 10 pips

Triggering retracement percentage : 40 %

Retracement duration limit : 40 seconds

Maximum trade hold time after release : 15 minutes

Stop loss : 10 pips

Take profit : 10 pips

Maximum spread : 2 pips


  1. If between 08:30:00am and 08:30:15am, so during the first 15 seconds you see USDCAD move up or down by 10 pips or more, then enter in the direction of the initial spike at the very first 40% retracement if it doesn't take more than 40 seconds (till 08:30:40am) – and if spread is at 2 pips or less. Set stop/loss at 10 pips, and set take/profit at 10 pips immediately.
  2. If the move either up or down was less than 10 pips during the first 15 seconds, then the actual number of the report did not generate sufficient interest in the market, and you simply skip the trade.
  3. If by 08:45:00am, so 15 minutes after the report release, neither your stop/loss nor your take/profit points were hit, then close the trade automatically at market price of the time.



Forexpathfinder Trade Plan

USA Nonfarm Payroll    -    8:30am NY time   (Friday, October 18)

PLEASE MIND GOVERNMENT SHUTDOWN! THIS EVENT CAN BE DELAYED!



Traded pair Expected figure Deviation trigger

USDJPY 179 (k) ±75 (k)

Buy USDJPY if actual figure is or is above 254 (k)

Sell USDJPY if actual figure is or is below 104 (k)

Expected move during first 15 minutes after the release is 50 pips or more.
Details:

 USA Nonfarm Payroll    -    8:30am NY time   (Friday, October 18)

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Traded currency pair : USDJPY

Initial spike duration limit : 30 seconds

Initial spike price action threshold : 25 pips

Triggering retracement percentage : 30 %

Retracement duration limit : 90 seconds

Maximum trade hold time after release : 15 minutes

Stop loss : 15 pips

Take profit : 15 pips

Maximum spread : 3 pips


  1. If between 08:30:00am and 08:30:30am, so during the first 30 seconds you see USDJPY move up or down by 25 pips or more, then enter in the direction of the initial spike at the very first 30% retracement if it doesn't take more than 90 seconds (till 08:31:30am) – and if spread is at 3 pips or less. Set stop/loss at 15 pips, and set take/profit at 15 pips immediately.
  2. If the move either up or down was less than 25 pips during the first 30 seconds, then the actual number of the report did not generate sufficient interest in the market, and you simply skip the trade.
  3. If by 08:45:00am, so 15 minutes after the report release, neither your stop/loss nor your take/profit points were hit, then close the trade automatically at market price of the time.


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