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)

--–––––————————————————————–––––--

	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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Forexpathfinder News Trade Plan (Thursday, October 17)

What is news trading? How does forex news trading work?

Forexpathfinder News Trading can be extremely profitable if you have an understanding of fundamental analysis and have access to low latency forex trading software. Sounds too complex or expensive? Do not worry, Forexpathfinder analyst will help you to identify high-probability tradable economic news reports and advise on the trading strategy. You find all details on Here and if you want make pips easier you can find additional tools at Forexpathfinder Tactical Squad.

                                UK Retail Sales - 4:30am NY time (Thursday, October 17)

	Traded pair	Expected figure	Deviation trigger
	GBPUSD	0.5 (%)	±0.4 (%)

	Buy	GBPUSD	if actual figure is or is above	0.9 (%)
	Sell	GBPUSD	if actual figure is or is below	0.1 (%)

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

 Note

	Traded currency pair	:	GBPUSD
	Initial spike duration limit	:	15 seconds
	Initial spike price action threshold	:	12 pips
	Triggering retracement percentage	:	35 %
	Retracement duration limit	:	40 seconds
	Maximum trade hold time after release	:	10 minutes
	Stop loss	:	10 pips
	Take profit	:	10 pips
	Maximum spread	:	2 pips

1. If between 04:30:00am and 04:30:15am, so during the first 15 seconds you see GBPUSD move up or down by 12 pips or more, then enter in the direction of the initial spike at the very first 35% retracement if it doesn't take more than 40 seconds (till 04:30:40am) – 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 12 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 04:40:00am, so 10 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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High Forex Leverage Can Make Or Mar Your Profitability

Article Summary: Many Forex strategies focus on entry and exit signals of a trade. This article illustrates how traders can take the same signals, yet arrive at different profit amounts. Therefore, determining an appropriate amount of effective leverage is crucial to a comprehensive Forex trading plan.

Many traders focus all of their energy on finding the right entry and exit signal but still end up losing in the end. Today, I want to illustrate how two traders (Bob and Ed) place the same trading signals in their Forex account, yet end up with different equity amounts.

To keep the illustration simple, let’s look at a two trade series. Each trade has a 100 pip stop loss and a 150 pip profit target. The traders will lose on the first trade and win on the second trade. When you see the results on a score card, it would look something similar to this:

Trade results in pips

At the surface level, it looks like this trader is doing well. They are maintaining a positive risk to reward ratio, they have a good win ratio, and the number of pips collected on this series of two trades are positive 50 pips.

Now look at what happens to the account’s equity when Bob aggressively over leverages his account while Ed uses more conservative amounts of leverage.

Trader Bob

Starting Capital - $10,000

Account is set to 50:1 leverage. He thinks he is conservative and implements 40 times effective leverage.

	Trade #	Trade Size	Value per Pip	Trade Result	Profit/Loss	Acct Equity
	Trade 1	400,000	40	-100	-4000	6,000
	Trade 2	240,000	24	150	3600	9,600

Hypothetical results for illustrative purposes only.

Notice how Bob’s two trade sequence netted him +50 pips yet he lost $400 in his account. Obviously, the second trade had a much smaller trade size than the first, but when you over-leverage your Forex account, any losing trade damages your capital base to the point where you need to change your trade size or deposit more funds.

Trader Ed

Starting Capital - $10,000

Account is set to 50:1 leverage. Ed has gone through our Forexpathfinder EDU training materials and wanted to trade conservatively. He determined the appropriate amount of effective leverage for him was 5 times.

	Trade #	Trade Size	Value per Pip	Trade Result	Profit/Loss	Acct Equity
	Trade 1	50,000	5	-100	-500	9,500
	Trade 2	47,000	4.7	150	705	10,205

Hypothetical results for illustrative purposes only.

Ed placed the same trades as Bob and had the same starting account balance as Bob, but Ed implemented a more conservative amount of leverage. His trade sizes were 1/8 the size of Bob’s yet:

• Ed ended up with higher equity relative to Bob
• Ed’s net profit/loss (P/L) was positive while Bob’s P/L was negative

Two points to take away from this illustration.

1. When faced with a losing trade, high degrees of leverage destroy your capital base forcing you to change your future trade sizes or deposit more funds.
2. When using conservative amounts of leverage, your equity P/L tracks your net pips P/L

Though we place trades in hopes of it working out in our favor, we must also be prepared if it doesn’t. Part of that preparedness is a result of determining an appropriate amount of effective leverage. At DailyFX, we talk about using less than 10 times effective leverage. That way, when you are wrong on a trade, you still have the majority of your account capital remaining.

Written by Jeremy Wagner, Head Trading Instructor, DailyFX Education.

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This Week Major Tradable Indicators - Online Forex Trading.

1. UK Claimant Count Change and Unemployment rate: Wednesday, 8:30. Britain’s unemployment rate narrowed unexpectedly in July to 7.7% from 7.8% in the preceding month, as the number of jobless citizens dropped by 24,000 to 2.487 million, the lowest jobless rate since September-November 2012. This was another indicator of the renewed strength in UK’s job market. Investors project that the job market improvement will continue and that the BOE will raise rates in December 2014. Bank of England Governor Mark Carney estimated that about 750,000 jobs would need to be added over the next three years for unemployment to fall to 7%. The number of jobless Britons is expected to decline by 24,300, while unemployment rate is predicted to remain unchanged at 7.7%.

2. UK Claimant Count Change and Unemployment rate: Wednesday, 8:30. Britain’s unemployment rate narrowed unexpectedly in July to 7.7% from 7.8% in the preceding month, as the number of jobless citizens dropped by 24,000 to 2.487 million, the lowest jobless rate since September-November 2012. This was another indicator of the renewed strength in UK’s job market. Investors project that the job market improvement will continue and that the BOE will raise rates in December 2014. Bank of England Governor Mark Carney estimated that about 750,000 jobs would need to be added over the next three years for unemployment to fall to 7%. The number of jobless Britons is expected to decline by 24,300, while unemployment rate is predicted to remain unchanged at 7.7%.


3.  US Unemployment Claims: Thursday, 12:30. The number of people applying for U.S. unemployment benefits soared by 66,000 last week to a seasonally adjusted 374,000. But the reading was skewed due to corrections in California and job cuts resulting from the government shutdown. However all in all the US labor market conditions are improving, despite recent volatility. A decline to 357,000 is expected now.

4. US Philly Fed Manufacturing Index: Thursday, 14:00. Factory activity in the U.S. mid-Atlantic region edged up to a 2-1/2-year high in September, reaching 22.3 from 9.3 in August. The reading was well above the 10.2 points anticipated by analysts. The gain occurred due to increase optimism about the near future. Respondents were also unusually optimistic, with the six-month business conditions index jumping to 58.2, the highest since September 2003, from 38.9 in August. A prior release from the Institute for Supply Management was also positive, showing the national factory sector grew at its fastest clip in more than two years in August. Philadelphia area manufacturing index is expected to decline to 15.4.

5.  Chinese GDP: Friday, 2:00. The world’s no. 2 economy is expected to show stronger growth in Q3: 7.8%. Growth stood on 7.5% in Q2. While many have doubts about the quality of Chinese data, this figure is closely watched.

6.  Haruhiko Kuroda speaks: Friday, 6:35. BOE Governor Haruhiko Kuroda will speak in Tokyo. He will probably address the US shutdown and its possible effects on the Japanese economy. His words will cause volatility in the markets.




*All times are GMT.

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New Zealand CPI q/q - Tradable Indicator.

New Zealand CPI q/q is Change in the price of goods and services purchased by consumers;
 Released quarterly about 18 days after the about 18 days after the quarter ends;
 This is extremely late relative to inflation data from other countries, but it's the primary gauge of consumer prices and tends to create hefty market impacts.

 Why Traders Care
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; The average price of various goods and services are sampled and then compared to the previous sampling nevertheless it is coming up 5:45pm NY time  (Tuesday, October).

How To Trade New Zealand CPI q/q

Traded pair	Expected figure	Deviation trigger
	NZDUSD	0.9 (%)	±0.4 (%)

	Buy	NZDUSD	if actual figure is or is above	1.3 (%)
	Sell	NZDUSD	if actual figure is or is below	0.5 (%)

Expected move during first 30 minutes after the release is 40 pips or more.


 New Zealand CPI q/q  will be next release on Jan 20, 2014

Enjoy your pips.


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Trade Forex Like a Pro- Revealed the secret of the floor traders, How you will be successful trading forex using price. This is proven method tested that is making over $1,250 Monthly. No sorry, no complicated calculation. This is as simple as "ABC"D

ZEW Economic Sentiment - forex trading.

A monthly economic survey. The ZEW Economic Sentiment is an almalgamation of the sentiments of approximately 350 economists and analysts regarding the economic future of Germany for the next six months. The survey shows the balance between those analysts who are optimistic about Germany's economic future and those who are not.

'ZEW Economic Sentiment in details'

The ZEW - Zentrum fur Europaische Wirtschaftsforschung (Center for European Economic Research) - Issues monthly economic reports for Germany, Switzerland, and the Eurozone.
These Economic Sentiment covers the economic futures of several other countries as well. This survey includes analyst opinions for Europe, the UK, Japan and the U.S. An index value greater than zero indicates optimism while a value below zero indicates pessimism

This indicator comes out once per month.  It has two components. The first component is called ZEW Economic Sentiment, and the second component is called ZEW Current Situation.

There is a German firm that surveys business authorities in all business industries, and it asks them questions about their current assessment and future outlook on German economy.
The questions about the future are compiled into ZEW Economic Sentiment, and the questions about current situation is compiled into ZEW Current Situation.

Germany is the country that has heaviest impact on Euro Zone, so naturally depending on how German economy is doing, traders speculate by trading Euro.  Since trading is based on predicting the future, ZEW Economic Sentiment is what matters the most to traders. When it comes out better than expected, it signifies healthier economy, so traders tend to buy EUR/USD, and it subsequently goes up. When ZEW Sentiment comes out worse than expected, it signifies a weaker economy, so traders tend to sell EUR/USD, and it subsequently goes down.



Enjoy your pips.

Trade Forex Like a Pro Make $1500 Monthly
Trade Forex Like a Pro- Revealed the secret of the floor traders, How you will be successful trading forex using price. This is proven method tested that is making over $1,250 Monthly. No sorry, no complicated calculation. This is as simple as "ABC"D

5 Most Predictable Currency Pairs

Every currency pair has a particular story, characteristics, behavior or misbehavior on the technical charts. Certain pairs will make a big breakout across clear lines of support and resistance and will not look back.  Or, when they aren’t able to break through, they will slow down and back off. Those are the more predictable currency pairs. Other currency pairs are more messy.
The reactions of pairs tends to shift over time: some become more predictable and some lose their style.  Here is an updated list of the most predictable forex  pairs, ranked and characterized.
Update: Here are the 5 most predictable currency pairs.

1. AUD/USD: The return of higher volatility and action in the markets makes the pair much more predictable. The pair respects uptrend and downtrend channels in a remarkable way, and also respects critical support and resistance lines. The pair’s predictability will likely be weaker in August when liquidity is lower, if no European news rocks the markets, but it is expected to shine during July and especially September, when there are is no liquidity shortage. In case of action in Europe during August, the Aussie will have the same behavior.
2. EUR/USD: One of the side effects of the euro-crisis are a more predictable euro/dollar.After breaking in a certain direction, the pair reaches a peak (or a bottom), marks it, and following moves in the same directions tend to challenge the same line. As we’ve seen in previous summers, this pair doesn’t take a break. The incessant news flow promises action all the time, and as it is the world’s most popular pair, liquidity is abundant. The pair doesn’t get the first place, as a major European event could rock the boat too strongly (see how to trade the Greek euro-exit) Yet also in such a case, it will be interesting to see if the pair will mark the bottom and re-challenge it, as it tends to do.
3. USD/JPY: This was traditionally a choppy and frustrating pair, but since the beginning of 2012, it is looking much better and even topped the list last time. The pair continues trading in clear ranges, often with double and triple tops. It is indifferent to the level of volatility. The pair behaves in a better manner when it is moving up.
4. AUD/CAD: This may not be the most exciting currency pair, but it might be a good choice for range traders, especially in slower days. This cross of commodity currencies can settle in a range for quite some time.
5. NZD/USD: The kiwi lost some of its mojo, but it still respects most old lines. Upon a breakout, resistance lines usually turn into support and vice versa. It came out first, and it could still rank higher, but not at the moment.

A few more notes:
GBP/USD had some good times, but it deteriorated later on, and dropped off the list.
Given the effective peg of the Swiss franc to the euro, USD/CHF moves in tandem with EUR/USD. Any franc crosses also move in tandem with their respective euro-pairs. So, unless the levee breaks, franc pairs are irrelevant.
EUR/GBP is very recently showing some positive signs, especially on the hourly chart, but the pair isn’t stable enough and could disappoint during the summer.

Trade Forex Like a Pro Make $1500 Monthly
Trade Forex Like a Pro- Revealed the secret of the floor traders, How you will be successful trading forex using price. This is proven method tested that is making over $1,250 Monthly. No sorry, no complicated calculation. This is as simple as "ABC"D