Forex News Trading: Trade for Tuesday, January 28, 2020

7:30 PM EST
AUD CPI q/q
AUD/USD

In April we saw -.2 and -.1 with a 35 pip spike. It spiked down 35 then started pushing back up 10 pips before the end of the minute. Retraced another 15 in the second minute before falling back 25 over the next 7 minutes.

In July we saw .1 and 0 with a 13 pip spike. Small deviation and small spike. It continued pushing up another 10 pips or so over the next 3 minutes before leveling out.

In October we saw 0 and 0 with an 8 pip spike. Moved up slowly on the zero deviation. Wound up moving up about 15 pips in 5 minutes.

The forecast is for .6 which is slightly higher than the normal forecast. This does not deviate very often but if we get .2 or more on the main release and agreement on the Trimmed, we should see a decent move.

My strategy is the same as usual. Will set buy/sellPips to 12 on the no-slip broker and 20 to 25 on the slippage ones. In any case I will get out within 15 to 30 seconds depending if I sense a strong retracement or maybe a little more push.

SETTINGS: See above.

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.
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