Written by Barry Battista
Monday, January 23rd, 2012
8:30 AM Eastern
CAD Core Retail Sales – Change in the value of sales at the retail level
USD/CAD
I don’t have much in the way of good notes on this for the last 3 months because I didn’t trade it. What I do have looks like the biggest spike we saw was 11 pips in any of the months. The reason I included it here is because we are starting to see a bit of a resurgence in the CAD trades. I think it is worth a try, albeit with very conservative lot sizes.
ORACLE TRADER – this is really tough. I’d try .4 medium and .7 safe, trading 1/3 your normal lots on a medium and 1/2 on a safe. I doubt it will hit these deviations.
STRADDLE V1.3 – set maxSpread to 6 or 7. Get out fast if there is no movement.
STRADDLE PRO – set Buy and Sell Triggers to .2 and check the row 1 box. You might want to lower your spread numbers a bit from the defaults. Also set either trailing stop or take profit, and use the stop line to take your trades out.
7:30 PM Eastern
AUD CPI q/q – Change in the price of goods and services purchased by consumers.
AUD/USD
This has quite a good history. In April it came out at .4 and .2 with a 32 pip spike, small retracement, and continuation to 45 pips in 7 minutes. We were printing money at the time, and the presses were running strong for this trade. In July it came out at .2, .2, and .4 with a 60 pip spike, small retracement, and continuation to north of 100 pips in 6 or 7 minutes. Made another killing here. In October, with the markets well on the way into their freefall, we saw 0 and .3 but still got a 33 pip spike. It retraced 15 or 20 pips fast, then continued back into the 40 pip neighborhood.
Watch out for early moves or late data. Lets not get caught off guard if screwy things happen. If they don’t, we will likely see a decent trade. If it spikes early (before you are in), turn off the OT or disable EAs on your MT4.
ORACLE TRADER – try .2 medium and .3 safe. Trade 1/2 lots on a medium and 3/4 or more on a safe.
STRADDLE V1.3 – try maxSpread of 9. Might want to set buy/sellPips to 7 or 8, or more.
STRADDLE PRO – set Buy/Sell Triggers to .1 and check the box. Set buy/sellPips to at least 7. Might want to set stopLoss to 0.0. I’d still trade this somewhat conservatively.
