Forum - Forex Robots PRO

What does the data mean to the market? The Consumer Price Index (CPI) measures the change in the price of goods and services from the consumer's perspective. It is a key way to measure changes in purchasing trends and inflation. A higher than expected reading is positive/bullish for the CAD, while a lower than expected reading is negative/bearish. Historic deviations and their outcome March 17 2021 Small deviations managed to create small moves, nothing exciting, though, and the retraces were swift and dangerous. See Chart here: https://calendar.galaxysoftwareinc.com/#/chart;i=34157;t=2021-3-17%2012:30:00.0;s=EURCAD;r=S30 February 17 2021 Small deviations again created a feeble move. See Chart here: https://calendar.galaxysoftwareinc.com/#/chart;i=29267;t=2021-2-17%2013:30:00.0;s=EURCAD;r=S30 I will use forecasts of: CPI (M/M) 0.6 CPI (Y/Y) 2.3 CPI Core - Common (Y/Y) 1.4 CPI Core - Median (Y/Y) 2.1 CPI Core - Trim (Y/Y) 2.0 Today's trade plan We hope that as we move forward, this data will become more interesting to the market. However, we may not be there yet. Therefore today, I will need an unlikely 0.4 deviation from the forecast in either direction from the headline CPI M/M (month on month), including supporting deviations of 0.1 in the same direction as the headline from the other four lines of data that come out at the same time. Without the comprehensive deviations on all lines, we may not find any continuation that will bring us safety and profit. Tradable pairs EURCAD GBPCAD USDCAD Hope this helps but please do your own analysis!! Good luck!! James Thatcher Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Hey How you all feeling about this weeks trading? Last week's diary was pretty scarce, and I set up only for four trades where only one trade gave us a deviation from the forecast worth taking a risk on. Unfortunately, this one of the rare occurrences which resulted in a slight loss; losses will happen. It's part of the game. A good reminder to do your analysis, Always work out if the potential reward is worth the risk. Remember, this is real money. This loss was minimal, and I'm in profit for the month with two more weeks to go. The diary is pretty light this week too, it isn't necessarily about the number of trades you take. If the markets give us some surprises, we only need one or two. My diary changes minute by minute (tick by tick) just like the markets; however, currently, this is what I'm setting up for this week. 20 April 2021 23:45 New Zealand CPI (Q/Q) https://calendar.galaxysoftwareinc.com/#/calendar;nbc=NZ;nn=CPI%20%28QoQ%29 21 April 2021 13:30 Canada CPI (M/M) https://calendar.galaxysoftwareinc.com/#/calendar;nbc=CA;nn=Core%20CPI%20%28MoM%29 21 April 2021 15:00 Canada Overnight Rate https://calendar.galaxysoftwareinc.com/#/calendar;nbc=CA;nn=BoC%20Rate%20Statement 21 April 2021 15:30 Crude Oil Inventories https://calendar.galaxysoftwareinc.com/#/calendar;nbc=US;nn=Crude%20Oil%20Inventories 23 April 2021 18:30 German Composite PMI https://calendar.galaxysoftwareinc.com/#/calendar;nbc=US;nn=Crude%20Oil%20Inventories I'm looking for new information in real-time. As the markets change, so will my planned trades. If you don't see a trading plan posted before the trade, I'll let you know why I decided not to trade it, vice versa; if new opportunities come up, I'll post my plan as far in advance as possible, so keep watching this space for updates. I work in real-time so do my plans. Please feel free to ask questions. Good luck this week. James Thatcher

What does the data mean to the market? The Central Bank of the Republic of Turkey's (CBRT) Monetary Policy Committee votes on where to set the overnight interest rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation. A higher than expected rate is positive/bullish for the TRY (Turkish Lira), while a lower than expected rate is negative/bearish for the TRY. Historic Deviations and Their Outcome March 18 2021 +1.0 positive deviation from the forecast, which gave a nice move of 750 pips in the first minute, then great continuation afterwards, too! See Chart here: https://calendar.galaxysoftwareinc.com/#/chart;i=34208;t=2021-3-18%2011:0:00.0;s=USDTRY;r=S10 December 24 2020 +0.5 positive deviation from the forecast, which gave 475 pips in one minute. See Chart here: https://calendar.galaxysoftwareinc.com/#/chart;i=25738;t=2020-12-24%2011:0:00.0;s=EURTRY;r=M1 October 22 2020 -1.75 negative deviation from the forecast, which created a great move! With over 900 pips in the first minute. See Chart here: https://calendar.galaxysoftwareinc.com/#/chart;i=23557;t=2020-10-22%2011:0:00.0;s=EURTRY;r=M1 I will use forecasts of: Benchmark Rate 19 Today's Trade Plan 25 forecasts today. This is broken down here:- 23 forecast for the rate to stay at 19% 1 forecast for a cut to 18.5% 1 forecast for a cut to 17% Last time there was an unexpected hike in rates, President Erdogan sacked the central bank governor. Today is the first policy announcement from the new governor Sahap Kavcioglu, who's under pressure to cut rates. So far, he has signaled he won't cut yet but let's see! Realistically the only feasible outcome from today is a possible cut. So if we get a deviation of 1.0 or more, we can expect a continued and prolonged weakening in TRY pairs. Tradable Pairs EURTRY USDTRY Hope this helps but please do your own analysis!! Good luck!! James Thatcher Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.