2 trap Direction Strategy

Trapping techniques such as this is quite popular among trader and very profitable if applied when the important economic event occur. It Does not need indicators, which required only the ability to install the order price (price of the message).

Time for Trading is when U.S. market open around 19.00 WIB (GMT +7) or discharge in accordance with the important economic data from the United States. To find out news and economic data that will be out on that day, I recommend you to see http://forexfactory.com Calendar daily. on here you can easily see the economic data that will come out, how many hours and how the importance of data.

Economic data that has a significant and much-awaited person / trader here is usually economic data NFP (Non Farm Payroll), Core CPI (Consumer Price Index) and the FOMC's announcement on interest rates increase. NFP announced that every day the first Friday of each month for example can make the price movement of GBP / USD around 200 pips. Very interesting huh?

This is the strategy:
See Economic Calendar Daily, I usually upgrade http://forexfactory.com example in the weekly trading with NFP eg: on Friday the first week was about NFP data that will be released in the United States 19:30 hrs WIB. In http://forexfactory.com You can adjust the time the United States and Jakarta (WIB) with the way the time period to be +7 akan forexfcatory calendar automatically adjust the time Jakarta.

Open your trading platform. We suggest that when economic news was released hours in 8:30 you are already online for 30 minutes prior to preparation. Before 8:30 price movements are usually not too much because the markets are likely to news that will be announced later.

Five minutes to a time which is 8:30 hours 8:25 ,attach order in two positions at once. That is the position of BUY and SELL. You should see the price at the time. To install add the price of order 40 pips to BUY position and reduce the position for 40 pips SELL. Then attach Sotp Loss pip 30, Target 50 pip profit pairs or up to you when you complete the movement of prices at that time and want to get the maximum benefit.

Example of how to install a trap in your trading platform. For example, at the time the price GBP / USD move around 1.7230

Place the first position that is "BUY"

Click the tab "Orders" on your trading patform:

Fill with the instrument = "GBP / USD"
Buy / Sell = Select "Buy"
Price = input price "1.7270" (from 1.7230 + 0.0040 (+40 pip))
Price Select Type = "Stop"
Quantity = Fill in the amount of money you want to trade (remember leverage 1:100)

$ 1 if the transaction value of the 100 entries in the Quantity
When the $ 5 transaction value of the 500 entries in the Quantiy
$ 10 if the transaction value of entries in the 1000 Quantity
$ 200 if the transaction value of the 20,000 entries in the Quantity column, dst

Exit Stop Loss = Contents of "1.7240" (from 1.7270 - 0.0030 (30 pip)
Exit Target = If you want to target profit 50 pip enter "1.7320" (from 1.7270 + 0.0050)
Desk = select "Live" if you want to trade with money indeed select "Virtual" if only wish trading simulation

Click "OK" your transactions directly sent and recorded in the Order

Place the 2nd position to the "SELL"

Click the tab "Orders" on your trading platform, then click "New" tab will display the field:

Fill with the instrument = "GBP / USD"
Buy / Sell = Select "SELL"
Price = input price "1.7190" (from 1.7230 - 0.0040 (-40 pip))
Price Select Type = "Stop"
Quantity = Fill in the amount of money you want to trade (remember leverage 1:100)
Exit Enter = Stop Loss price 1.7220 (from 1.7190 + 0.0030 (30 pip)
Exit Target = If you want to target profit 50 pip enter 1.7140 (from 1.7190 - 0.0050)
Desk = select "live" if you want to trade with the money indeed. Select "Virtual" if only wish trading simulation

Click "OK" then your transaction directly sent and recorded in the Order

Now you have two positions at once order

Position in the Order BUY 1.7270 SL 1.7240 TP 1.7320
Position in the Order SELL 1.7190 SL 1.7220 TP 1.7140

After that we waited until 19:30 WIB through. After the economic news this NFP announced price will usually rise or move down drastically. When the price moves increased, BUY order will closed. Or When the price and move down, SELL order will closed. This is trap i mean.
When the position of order "buy" closed, you can cancel the position of order "sell." Similarly, vice versa.
This strategy can also be used at events such as the economy GDP, Home sales etc. but not as much as NFP and Core CPI news.