Friday July 4 2008.

Friday July 4 2008

A happy Independence Anniversary to all Americans out there.

We have only one event to watch and probably trade on Friday July 4.

Time: 3:00pm. Event: CAD IVEY PMI.

Previous: 62.5. Forecast: 62.25.

Recommendations: This indicator has not been doing well lately. However, Buy USDCAD if actual is 57.25 or lower for 20 pips or more.

Sell USDCAD if actual is 65.25 or higher for 30 pips or more.

This I think the 5 Minutes Trader will be ideal for this with 5 pips Stop Loss.

If it is a buy signal please do not stay long in the trade except of course the actual is less than 50.

That will be all for Friday July 4 2008.

I will be bringing you updates on the 5 Minutes Trader, the July 12 Pivot Points and News Trading Workshop Thursday night.

This is to your trading Success!

Ifeanyi Uche