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Forex Signal (Tue, Dec 8, 04:30 am EST) UK Industrial Production

Discussion in 'Current Forex Trading Signals' started by Felix Homogratus, Dec 7, 2009.

  1. Felix Homogratus

    Felix Homogratus Commander in Chief

    Joined:
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    Hi there :)

    This is Felix with a potentially profitable trading opportunity...

    Tuesday, December 8th (4:30 am New York Time) UK

    We have UK Industrial Production coming out. It is expected to read 0.5. Last month it read 1.5.

    I recommend trading GBP/USD for this report.

    Please read what this indicator means and how it affects the GBP/USD by going to this link: http://www.forexpeacearmy.com/forex...scriptions/7394-uk-industrial-production.html

    The trigger for this indicator is 0.5. This means that if UK Industrial Production comes out at 1 or more, GBP/USD will probably go up by 30 pips or more in the first 45 minutes of the report. If it comes out at 0 or less, GBP/USD will probably go down by 30 pips or more in the first 45 minutes of the report.

    We will also have UK Manufacturing Production, both m/m and y/y coming out and UK Industrial Production y/y. If they conflict, I recommend skipping the trade, but most likely they won't conflict.

    Obviously, the bigger the difference between expected and actual numbers, the bigger will be the move.

    To read my after-spike retracement strategy for this report click here: http://www.forexpeacearmy.com/forex...duction-after-spike-retracement-strategy.html

    For example: on October 6th, UK Industrial Production came out at -2.5, versus an expectation of 0.2. GBP/USD went down by around 75 pips. See for yourself what happened by seeing this chart: Forex news trading currency exchange charts

    I highly recommend you study the entire history and charts of this report by following this link: Forex News Trading | Details and History for GBP Industrial Production m/m

    As always, wait for my email this Saturday, where I will review all successful trades of the week.

    I hope you make some money on this report.
    -Felix
     
  2. hermann

    hermann Recruit

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    gbp/usd trade on tuesday dec.08

    hi there felix,
    can you tell me how(at what point) you get into the market and what stoploss you take(pips)?(I mean tomorrows gbp/usd trade)
    let's assume gbp is at 1,6400 and the report comes out at 0,5 as expected; what are you gonna do? do you trade with an entry order(both directions?)?
    looking forward to hearing from you
    hermann
     

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