Nov 11 Forex Signal

Let's talk about Tuesday.

1. Tuesday, November 11th, 2008 (5:00 a.m. New York Time) GERMANY, EURO ZONE
At 5:00 a.m. we will have German ZEW Economic Sentiment. It is expected to come out at -63 but there are some estimates as low as -81. Because of so big range of expectations and two failed reports past two months, maybe it would be a good idea to enter after the spike with reverse triggers. Here is an example that might be workable: if it comes out at -55 or less negative, this might be a selling opportunity on EUR/USD right after the price pops up (so you would get better price to sell). If it comes out at -70 or more negative, I would buy EUR/USD after the price would go down so I would get much discounted price. This is not a spike trading, this is scalping, so don't put a lot of money on this. As far as spike trading is concerned, I would try to enter a sell trade on EUR/USD, with SNW, if the number comes out at -80 or more negative, and if spreads are not crazy but I would exit ASAP (as soon as possible) because this would probably reverse anyway. If it comes out at -49 or less negative, I would buy EUR/USD with SNW, if spreads are not crazy, and also exit ASAP.:)

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