About mePassionate trader and student of the markets with >10 Year experience. Love to study fundamentals and use changes in the macroeconomic data as entry signals.
If US core PCE deviates by 0.1 from forecasts, I am looking for 30 pips 1st target, 100 pips 2nd target.
Keeping stop loss tight at 5 pips.
Trading on GOLD and US Bonds as well. Enjoy
Today we have a decent trading opportunity with US GDP - preliminary. USDJPY is setting itself up for a nice possible event-driven move. If we see GDP at 3.4% or better, I am going to buy into the spike and look at 40-50 pips take profit. Depending on the size of a possible negative reading, I will hold a sell to the 109 area.
Simultaneously, will be playing...
If US New Home Sales deviate by more than 39 from analyst forecasts, I am going either long or short with my first target 20 pips from entry, 2nd 90 pips. Stop Loss capped at 3 pips.
The movement of the USDCAD cross is heavily directed by surprises in economic data. Waiting for CAD retail sales numbers and a potential short entry. SL 50 pips, Take Profit 650 at 1.1950. Using real-.time data feed to enter my trade
I identified a target and support area being at 1.1950 on USDCAD and am waiting for a possible worse than expected reading in USDCAD to enter short. Will enter 2 positions at the same time: 1) Stop loss 12 pips measured from the low of the spike 2) stop loss 50 pips Both positions have a take profit at 1.1950.
Using a fast data feed for order entry. Trade...
