Forex News Trading: Trade for Tuesday, July 30, 2019

9:30 PM EDT
AUD CPI q/q
AUD/USD

In October we saw -.1 and 0 with an 8 pip spike. Very little movement on the small deviation.

In January we saw .1 and 0 with a 20 pip spike. It pushed up 20 pretty hard, held within a couple pips for a few seconds, pushed up a little more then fell back half way in the first minute. It held that area for 5 minutes before pushing back up again.

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.

We would really need to see .3 or higher to get a good spike and follow through. The AUD has been weakening lately so we would rather see a sell here. The forecast is for .5% which is a pretty standard forecast for this one.

SETTINGS: Set country to 3, buy/sellPips to 20 or so, and overRidePreNewsDefault to “y”. Get out if you are not live within a few seconds of the posted time.

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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