Forex Trading Signal 09/29/08

Crazy Cat · (#1 (**permalink**))

Hi there my forex friend

Here is the hi-quality video:
1) 9-29-2008r-p.swf

On Friday we had U.S. GDP coming out which came out lower by 0.5 than expected. This is a big deviation but as I said in the previous email, the market may not care about it at all. Indeed, the market did not care. I personally did not trade it at all.

Let's talk about Monday.

1. Monday, September 29th, 2008 (8:30 a.m. New York Time) USA
At 8:30 a.m. we will have US Personal Income and Personal Spending. There are old numbers, from August, not September. Sir Pips says it might be tradable (with very small position size) if all numbers are in line and deviating well (both at least 1% deviation) but it would be risky. I will not be trading it at all.

2. Monday, September 29th, 2008 (9:30 p.m. New York Time) AUSTRALIA
At 9:30 p.m. we will have Australian Retail Sales m/m. It is expected to come out at 0.1%. I think 0.5 to 1.0 deviation will be safe enough to enter a trade. Let's say if it comes out at 0.8% or higher, I would buy AUD/USD and expect 30 pips move. If it comes out at -0.6% or lower, I would sell AUD/USD and expect 30 pips more (or more).

That would be all for Monday.

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To Our Success!
-Sir Pipsalot & Crazy Cat

The video with the signal is recorded by Sir Pipsalot.
For your convenience, this text is written based on the video by Crazy Cat