Colin McGinley’s journey of consistent, profitable forex trading
Dirk has released his third newsletter; this one deals with the resurgence in news trading as the best way to make easy bucks in the forex market. You can read the newsletter here.
I certainly came across enough of the news trading marketing from the trading marketing wizards to have my curiosity peaked. [...]
Canadian Gross Domestic Product Month on Month
29 September, 2006. 08:30 EST
Consensus estimates
Forex Factory: 0.1%
Interbank FX: 0.2%
Today FX: 0.2%
UnderstandMarket: 0.1%
Trade setup
Estimate: 0.1%
Trigger: +/- 0.15%
Trade result
Actual: 0.2%
Difference: +0.1%
Action: Scratch
Hardly any movement after the news release. Move from 1.117 up to 1.1185 completed by 08:40, from which price oscillated within a 15 pip range for the [...]
US Personal Income and Expenditures
US Personal Consumption Expenditures (Core) Month on Month
29 September, 2006. 08:30 EST
Personal spending consensus estimates
Briefing.com: 0.2%
Econoday: 0.2%
Forex Factory: 0.2%
Today FX: 0.2%
Yahoo!: 0.2%
PCE core consensus estimates
Econoday: 0.2%
Forex Factory: 0.2%
Today FX: 0.2%
Trade setup for both
Estimate: 0.2%
Trigger: +/- 0.2%
Trade result
Personal spending actual: 0.1%
Personal spending difference: -0.1%
PCE core actual: 0.2%
PCE core difference: 0.0%
Action: Scratch
Range [...]
US Real Gross Domestic Product, Q/Q - Final
28 September, 2006. 08:30 EST
Consensus estimates
Econoday: 2.9%
Forex Factory: 2.9%
Today FX: 2.9%
Yahoo!: 2.9%
Trade setup
Estimate: 2.9%
Trigger: +/- 0.5%
Trade result
Actual: 2.6%
Difference: -0.3%
Action: Scratch
Only a 12 pip spike up, given the below expectation number, which was reversed within eight minutes to 15 pips below the pre-release price. Price meandered for [...]
Last weekend I purchased Tom Yeomans new ebook entitled ‘Fundamental Forex Boot Camp Papers’. It can be purchased from his website at http://fundamentalforex.com/. My initial feeling, after having read his blog and the first few chapters of the book, is that his approach to trading news releases compliments very nicely with the 4×1 [...]
