Report Spotligh


Updated every Monday Click the box below to watch a video overview of the Report Spotlight Trading Plan

Report Spotlight trade signals are based on movement in the Forex market generated by economic reports that are released at defined times each week. For more information on the Report Spotlight trading plan Click Here. Report Spotlight trade signals are only posted here, you will not receive an email at the time of the trade. To employ the Report Spotlight as a Signal Service follow the steps below.

Report Spotlight Trading Plan Methodology

  1. At the beginning of each week refer to the Report Spotlight chart below that shows which reports we expect to be market movers and note which pair to trade.
  2. 15 minutes before a listed report, subscribers will open a 15 min chart on their MT4 platform corresponding to the currency recommended for that report.
  3. Subscriber will drag the “BuyandSell” MT4 indicator to see the Buy and Sell price levels. (You can download the BuyandSell indicator for your MT4 platform by clicking the link. Be sure to copy it to the appropriate folder. Click Here to download instructions on this procedure. Be sure to restart the MT4 platform after downloading.)
  4. Subscriber will enter a pending long order at 1 pips above the price of the green buy line + the spread. Then the subscriber will place a pending short order at 1 pip below the price of the red sell line.
  5. Each order should be entered with a 30 pip stoploss, a T1 of 20 pips and a T2 of 60 pips. (For more information on how to enter trades join us for our webinar “Three Ways to Take a Trade” as part of our monthly webinar series.)
  6. Pending order should be deleted one hour after the report if not opened.
  7. If one pending order opens and closes profitably then delete the opposing order.

Remember to check back here each Monday to see which reports to trade each week! We will send you an email to let you know that the Report Spotlight has been updated. Happy Trading!

Time (ET)
Currency
Report
FX Pair
Outcome
P i p s
TOTAL PIPS HS
Mon. June 6
5:00 AM
EUR
PPI m/m
EUR/CHF
7:01 PM
GBP
BRC Retail Sales
GBP/JPY
Tues. June 7
12:30 AM
AUD
Cash Rate & Statement * TP3 potential
At TP1, close 1/2 move SL to Entry & apply 20 pip Trailing Stop.
AUD/USD
5:00 AM
EUR
Retail Sales
EUR/JPY
9:30 PM
AUD
Home Loans
AUD/USD
Wed. June 8
5:00 PM
NZD
Cash Rate & Statement * TP3 potential
At TP1, close 1/2 move SL to Entry & apply 20 pip Trailing Stop.
AUD/NZD
Thurs. June 9
8:30 AM
USD
Trade Balance
USD/CHF
7:50 PM
JPY
CGPI y/y
USD/JPY
Fri. June 10
4:30 AM
GBP
Manufacturing & Industrial Production
EUR/GBP
4:30 AM
GBP
Consumer Inflation Expectations
PPI Input & Output * TP3 potential
At TP1, close 1/2 move SL to Entry & apply 20 pip Trailing Stop.
GBP/JPY
10:00 AM
GBP
NIESR GDP Estimate
EUR/GBP


Report Spotlight Track Record*.

Cumulative Pips
3,853
May-11
983
Apr-11
520
Mar-11
290
Feb-11
220
Jan-11
470
Dec-10
580
Nov-10
590
October (1 week)
200

*CFTC Rule 4.41: Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.
Any statements about profits or income, expressed or implied, do not represent a guarantee. Your actual trading may result in losses, as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold SolomonFX.com and any authorized distributors of this information harmless in any and all ways.

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