Felix Homogratus
Commander in Chief
- Messages
- 153
This is Felix.
If you wish to watch the video, just click on it, and then click on "play" icon.
Let's first review what happened on Friday.
On Friday we had two report coming out that we were watching and possibly trading. First one was the UK GDP. I told you if it comes out at 0.8%, GBP/USD may possibly go up by 30 pips or more in the first hour of the report. It did come out at 0.8%, and it hit my trigger. GBP/USD opened at around 2.0427 and one hour later it was 2.0469 so it did hit my target. After the initial spike there were plenty of opportunities to enter within a pre-release price. I hope you were able to make some money on this one.
At 7 a.m. New York time, we had Canadian CPI coming out. I told you to focus on the core CPI y/y. It came out at 2% which did not hit my trigger by 0.1%. However, since m/m came out deviating 0.2, this would be a sell, and in Diamonds room my partner was looking for a sell. However, the move on the CAD happened so fast that he was not able to give a good entry. This was a very quick move as it went about 80 pips in the first hour of the report, and 65 pips within first few seconds. If you missed that one, well, there will be other opportunities. I know that some SNW subscribers were able to get in at a pretty good price, and they made a good money on the spike here. Anyway, let's consider it as a no trade.
Let's talk about Tuesday.
1. Tuesday, October 23rd, 2007 (8:30 a.m. New York Time) CANADA
On Tuesday we will have 2 indicators that I feel are worthy watching and possibly trading. We will have retail sales coming out of Canada at 8:30 a.m. New York time. I will be focusing on the core retail sales that is expected to come out at 0.3%. If it comes out at 0.6% or higher, I think USD/CAD may possibly go down by 30 pips or more in the first hour of the report. On the other hand, if they came out at 0.0% or negative, I think USD/CAD may possibly go up by 30 pips or more in the first hour of the report. Obviously, watch out for any revisions and conflict on the headline number. If there is no significant conflict, I would try to get in within 7 or 10 pips of the pre-release price, and try to get 20 to 25 pips profit with about 15 pips SL.
2. Tuesday, October 23rd, 2007 (9:30 p.m. New York Time) AUSTRALIA
Then at 9:30 p.m. New York time we will have Australian CPI coming out. It is expected to come out at 0.9%. If it comes out at 1.2% or higher, I think AUD/USD may possibly go up by 40 pips or more in the first hour of the report. On the other hand, a reading of 0.6% or below, would mean that AUD/USD may possibly go down by 40 pips or more in the first hour of the report. We may easily see 40 pips move even if the deviation is 0.2% either direction. We may see much larger move if the deviation is bigger. 0.2 deviation either direction can cause a move of 30 to 35 pips.
This is pretty much all for tomorrow.
If you haven't been to my www.ForexDiamonds.com website, I strongly recommend you to go there. This is my live trading service, and you can trade live with me and one of my partners. Currently I am offering 21 days trial for that service, so go to that web page, and read about it. I definitely think everybody should at least try that service, and at least learn something during that 21 days.
Good luck, and thank you very much.
To Our Success!
-Felix Homogratus
If you wish to watch the video, just click on it, and then click on "play" icon.
Let's first review what happened on Friday.
On Friday we had two report coming out that we were watching and possibly trading. First one was the UK GDP. I told you if it comes out at 0.8%, GBP/USD may possibly go up by 30 pips or more in the first hour of the report. It did come out at 0.8%, and it hit my trigger. GBP/USD opened at around 2.0427 and one hour later it was 2.0469 so it did hit my target. After the initial spike there were plenty of opportunities to enter within a pre-release price. I hope you were able to make some money on this one.
At 7 a.m. New York time, we had Canadian CPI coming out. I told you to focus on the core CPI y/y. It came out at 2% which did not hit my trigger by 0.1%. However, since m/m came out deviating 0.2, this would be a sell, and in Diamonds room my partner was looking for a sell. However, the move on the CAD happened so fast that he was not able to give a good entry. This was a very quick move as it went about 80 pips in the first hour of the report, and 65 pips within first few seconds. If you missed that one, well, there will be other opportunities. I know that some SNW subscribers were able to get in at a pretty good price, and they made a good money on the spike here. Anyway, let's consider it as a no trade.
Let's talk about Tuesday.
1. Tuesday, October 23rd, 2007 (8:30 a.m. New York Time) CANADA
On Tuesday we will have 2 indicators that I feel are worthy watching and possibly trading. We will have retail sales coming out of Canada at 8:30 a.m. New York time. I will be focusing on the core retail sales that is expected to come out at 0.3%. If it comes out at 0.6% or higher, I think USD/CAD may possibly go down by 30 pips or more in the first hour of the report. On the other hand, if they came out at 0.0% or negative, I think USD/CAD may possibly go up by 30 pips or more in the first hour of the report. Obviously, watch out for any revisions and conflict on the headline number. If there is no significant conflict, I would try to get in within 7 or 10 pips of the pre-release price, and try to get 20 to 25 pips profit with about 15 pips SL.
2. Tuesday, October 23rd, 2007 (9:30 p.m. New York Time) AUSTRALIA
Then at 9:30 p.m. New York time we will have Australian CPI coming out. It is expected to come out at 0.9%. If it comes out at 1.2% or higher, I think AUD/USD may possibly go up by 40 pips or more in the first hour of the report. On the other hand, a reading of 0.6% or below, would mean that AUD/USD may possibly go down by 40 pips or more in the first hour of the report. We may easily see 40 pips move even if the deviation is 0.2% either direction. We may see much larger move if the deviation is bigger. 0.2 deviation either direction can cause a move of 30 to 35 pips.
This is pretty much all for tomorrow.
If you haven't been to my www.ForexDiamonds.com website, I strongly recommend you to go there. This is my live trading service, and you can trade live with me and one of my partners. Currently I am offering 21 days trial for that service, so go to that web page, and read about it. I definitely think everybody should at least try that service, and at least learn something during that 21 days.
Good luck, and thank you very much.
To Our Success!
-Felix Homogratus
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