Hi Folks.

Last week I sent out an email about a new project I started a couple of months back, studying which pairs reacted best (or at all) whenever a red folder news report was released (by "red folder" I'm talking about the 3 color folder system used by the Forex Factory calendar).

In theory anyway, the red folder reports are the ones that are most likely to have a strong impact on the currency pairs when the number related to that report is released.

I started this project because all the old ways of trading the news are essentially worthless.  Brokers (and more specifically, the liquidity providers for those brokers) widen the spreads on basically all of the pairs whenever one of these reports is about to be released, making placing a trade immediately after the release dangerous at best.

So what I was looking for were the reports that had a sustained impact on price.  By that I mean there wasn't just an inital spike in the price lasting just a minute or two and then price went back to where it started or just simply stalled out within a very brief period.   I wanted to know if there were any consistent longer term price moves we could expect should a number come out much better or much worse than expected.

And as a result of a couple of hundred hours studying the charts, I found several instances where a good or bad number was tradable 5 minutes after the release, when spreads had returned to normal.

So I've put all of this data into a series of PDFs which I send out over the weeked prior to the trading week.  These reports cover the red folder reports which have numbers which are released (meaning I don't have anything to share when a Central Banker gives a speech or a non-numerical report is released).

These reports include a set of charts directly related to the country of origin for the report (US based reports have charts which all include the USD as one-half of the pair,  British reports have the GBP charts, etc.)

For each report I give you a quick reminder of the reason for the report and then analyze whenever possible the price action seen once the report is released.

So how can this help you?

For starters, there are some reports I've identified as essentially worthless to follow.  Whether the number is good or bad, a huge miss or close and even directly on target, these reports just don't seem to capture the imagination of traders and in spite of their "red folder" status, they can be safely ignored.

There are also several reports that always seem to generate some sort of tradeable action, and sometimes the better trades seem to be consistently on the lesser pairs you probably aren't trading at the moment.  With this information, you can now pull up charts of these lesser pairs and be in a position to make some relatively easy pips while everyone else is looking at the major charts and scratching their hand wondering why price just isn''t responding.

Lastly, I've identified a handful of price action patterns that repeat over and over again, and when you see these patterns develop (usually in the 15-30 minutes after a report is released) you can get some very solid entries that are combined with some very tight stops.  This means your risk/reward ratio can be 4-1 and even 5-1 in these cases.  Putting it in pip terms, you are risking 5-10 pips to make 20-40 pips.  These are some of the best trade opportunities you will ever see.

So as I said earlier, I've put all of this into a series of PDFs.  I'm charging a very small fee of $39 to get these charts sent to you weekly for the next 3 months.  At the end of that time, if you wish to continue I plan to charge something minimal like $10 a month if there is any interest. 

Since we are now in a very slow time period for trading, most of the methods we use are of little use in any given time period as price action seems to have slowed to a crawl.  But news reports will still generate some decent price action should a number come out better or worse than expected, so this may be about the only trades that are going to be worth taking for the next 4 weeks.  So if you are trading in August, these reports may be your ticket to actually making some dcent pips at a time when good trade setups are scarce.

If you want to get your hands on these reports, I have a Buy Now link at www.simple4xsystem.net/newsday.html  Our next Red Folder report is scheduled for tomorrow (Tuesday) at 11 p.m.  Later in the week we have a series of red folder reports, including a couple I expect will generate some decent price action, depending on how the number comes out.

So if this holds any interest for you, jump over to www.simple4xsystem.net/newsday.html and get your copy of this week's PDF before the numbers start rolling in.

Jeff

P.S.--Since this is a PayPal link, once your transaction is complete, give PayPal a few seconds to redirect you to the download page.  If for any reason they fail to do so (this is PayPal we're talking about, after all) drop me a line at jeffglenellis@gmail.com and I will email the report to you