Forex News Trading: Trades for week of April 21 – 26, 2019

It was a strange week on both the news trading and swing trading fronts.

First lets look the news trades. The biggest surprise was the one I chose not to post and that is the NZD CPI q/q. The Kiwi trades are notoriously unpredictable with huge spreads and sporadic movement. When I’ve gone live on these, I almost always come out on the losing end even if it goes my way, so I just don’t do them any more. The deviation was -.2 on the CPI which is decent but not huge or uncommon. But it pushed 100 pips against the Kiwi in one minute. I didn’t trade this and I’m sure the spreads were huge but still … 100 pips?

Of the other news trades, the CAD CPI was the biggest mover even though it came out with a 0 deviation. The spike was 35 pips with a push to 50 in a few minutes before retracing.

The lone swing trade hung in there for a day or two but pushed against us and took us out. I was trading very small lot sizes due to the larger than normal stop loss and take profit, so the damage to me personally was minimal.

There are a couple swing trades setting up for next week but I’d like to see better prices before making the calls.

For next week the trades I will post are:

Tue 9:30 PM – AUD CPI q/q
Wed 10:00 AM – CAD Overnight Rate
Fri 8:30 AM – US Advance GDP q/q

That’s it for next week. Have a great weekend.

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 AUD News Data, CAD News Data, News Trade Calls, News Trading, US News Data and tagged , , . Bookmark the permalink.

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