I know I've been mentioning a lot about FX Engines the last week but there is nothing yet to disprove the usefulness of this platform yet.  I will be trading the news live tomorrow.  To give some of you a preview who have not yet looked into it, here is what they recommend tomorrow.  Note that this recommendation can really only be traded using their platform but it may give you some insight on what kind of volatility we are looking at and what to watch out for.

RETAIL SALES/PPI/BUSINESS INVENTORIES

Multiple events at a single time can be tricky news trades, so plan carefully.

Our analysis of the Retail Sales release shows that this trade reaches a high of 51 pips on average, with a trade tipping point near 40. However, keep in mind that this release also highlights PPI and Business Inventories. A lot of news can cause the market to pause and potentially reverse. It doesn't take a lot to do well with a news trade, so we recommend a conservative approach to this trade, with three long orders and three short orders as follows:

• Instant Spike Long & Short with New York 12 exit
• Normal Spike Long & Short with Las Vegas 12 exit
• Reserved Spike Long & Short with Moscow 12 exit

Set your entry timeout to 4 minutes and watch the trades unfold. Your exits are automated, but if you see a big spike don't be afraid to change the exit to a more aggressive profit target.

All of these orders may not trade, depending on price action. If you want to be a bit more aggressive, extend the timeout to 8 or 12 minutes to trade a potential reversal.