Hi there my Forex friend :)
Let's first review what happened on Thursday.
We had German GDP coming out. It came out higher than expected and we saw a pretty nice price action on EUR/USD. It spiked up by 30 pips and eventually it went even higher.
At 8:30 a.m. we had U.S. CPI which came out higher than expected. EUR/USD spiked down by about 20 pips and then it immediately reversed. I left a note for SNW users how to approach this report, I am sorry I did not leave that comment here about how dangerous this report can be. I hope you made money on the reversal or did not lose (or even make) money on the spike.
Retail Sales out of New Zealand come out higher than expected and we saw a pretty good price action on NZD/USD. Nice 35 pips move.
Let's talk about Friday.
1. Friday, August 15th, 2008 (8:30 a.m. New York Time) USA
At 8:30 a.m. we will have U.S. Empire Manufacturing Survey coming out. We should have a good trade if it deviates by 10. If it comes out at +6.0 or higher, I would buy USD/JPY and expect 35 pips move. If it comes out at -14 or more negative, I would sell USD/JPY and expect 35 pips move as well. Smaller deviation should work but I would rather to stay more conservative here.
2. Friday, August 15th, 2008 (9:00 a.m. New York Time) USA
At 9:00 a.m. we will have U.S. TIC. Skip it.
3. Friday, August 15th, 2008 (9:15 a.m. New York Time) USA
At 9:15 a.m. we will have U.S. Industrial Production. With 0.4 trigger we may see 15 pips move. Not worthy to take a risk. Skip it.
4. Friday, August 15th, 2008 (9:55 a.m. New York Time) USA
At 9:55 a.m. we will have U.S. Consumer Sentiment and I think this might work pretty well. I would use 4 trigger here. If it comes out at 66, I would buy USD/JPY and look for 30 to 40 pips move. If it comes out at 58 or lower, I would sell USD/JPY and look for 30 to 40 pips move as well.
That would be all for this week.
Friday, August 15, 2008
Subscribe to:
Post Comments (Atom)
Posts
3 comments:
Hello there,i would like to use this media to thank you for your great work done and the effort you put towards the good work,i am a newbie in forex but with this your news of a thing i am seeing some britter future in it.well,i would try usin todays information and see what happens and what ever be the case i would let you know like i said before i would like to use this media to ask for your permission,i am really in need of a mentor with the work you've displayed here you have proved your self and we the newbie that you are a pro.more grace to your elbow.
My Mentor,it was really great usein this your signal but can you please help us with GY info? i dont demo trade UJ but to test your signals, man, it really went well.
Hi dan thanks for ur compliment.
just keep receiving these free signals for now, and or change to the ones u're not familiar with now then we'll talk later. ok
Post a Comment