Forex News Trading: Trades for week of March 25 – 30, 2018

Before looking at next week lets take a look at a couple trades from last week. We had a lot of them, but the last two were notable.

On Thursday the UK Official Bank Rate came out with a deviation of 0, but 2 of the 9 Monetary Policy Committee members voted to increase the rate causing a 55 pip push up within the first few seconds. It started retracing from there and retraced the whole way within a couple minutes. I was able to grab 15 or 20 pips on a couple stations as it started to retrace.

On Friday (today) we had the CAD CPI which came out at .2. This spiked 46 pips, hung in that area for about 15 seconds, then pushed down another 15 pips in the next 15 seconds. Within a minute it had moved down 80 pips. My slippage was from 22 to 24 pips on all stations, so with buy/sellPips of 18, all my entries were around 40 to 45 pips from the start of the spike.

I held onto these for about 30 seconds and closed for 10 to 20 pips once I got concerned about a retracement. Would have done a lot better to have kept holding, but I was happy to grab some profit and bail.

Next week will be a light one as we approach the end of March. The trade I will post is:

Thu 8:30 AM – CAD GDP

NOTE: Friday is a bank holiday for most of the world.

About Barry Battista

I am a software guy that started trading in 2006. I have been trading the news for a living ever since. Eventually I wrote some code to help a friend and I improve our odds, and gradually the software took on a life of its own. My intention is to adapt this trading style to the ever changing Forex markets to always provide the trader with the tools and information to give them the maximum odds of a profitable trade.
This entry was posted in CAD News Data, News Trade Calls, News Trading and tagged . Bookmark the permalink.

2 Responses to Forex News Trading: Trades for week of March 25 – 30, 2018

  1. Ruben says:

    Hello Barry,
    On the CAD CPI I set the entries at 8 pips, so it take me immediately without slippage and then it slippage in my favor on the closes levels as it make a quick jump spike, for a total of 62 pips of profits. (I increased my risk w/ closer entries but reduce the volume of lots to trade & reduce the SL pips as well) It was great. Thanks,
    Ruben

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